ADANI & AMBANI LEAD INVESTMENT SURGE AS AP TARGETS $500 BILLION GROWTH

Andhra Pradesh is fast emerging as India’s next big investment powerhouse—with Chief Minister Chandrababu Naidu setting an ambitious target of $500 billion in three years

Vice-president C.P. Radhakrishnan with Andhra Pradesh chief minister N Chandrababu Naidu in Visakhapatnam

At the 30th CII Partnership Summit held in Visakhapatnam, Andhra Pradesh showcased its growing economic magnetism, attracting commitments from India’s most influential business groups, including the Adani Group and Reliance Industries.

Karan Adani, Managing Director of Adani Ports and SEZ, announced the group’s intent to invest ₹1 lakh crore over the next decade—on top of the ₹40,000 crore already deployed in the state. The investments will span ports, cement, renewable energy, data centres and advanced manufacturing, strengthening the state’s industrial footprint. Adani also revealed its strategic data centre partnership with Google, positioning Visakhapatnam as a future digital hub.

Reliance’s foray was unveiled by Chief Minister Naidu himself, with the announcement of a 1-gigawatt AI data centre—the twin of its Jamnagar facility—forming one of Asia’s most robust AI infrastructure networks. While the investment value remains undisclosed, the project signals Reliance’s deepening tech and infrastructure interests in Andhra Pradesh.

In his address, Naidu highlighted that the state has pulled in $20 billion worth of investments in just 18 months, generating 20 lakh jobs. His confidence was unmistakable— “We will attract no less than $500 billion in the next three years,” he declared, underlining the state’s aggressive investment agenda.

To reinforce investor confidence, Naidu announced incentives including escrow accounts, sovereign guarantees and access to a 50,000-acre land bank. He urged industry leaders to explore opportunities in deep tech, logistics, tourism, health and emerging sectors.

The summit also saw the virtual laying of the foundation stone for Andhra Pradesh’s proposed Drone City and Space City projects, further cementing its reputation as a first mover. Naidu confirmed that the state’s Quantum Valley initiative will be launched in January.

Key industrial players such as the Government of Singapore, Bajaj Finserv, Bharat Forge, Lulu Group and GMR Group were also in attendance. GMR Group founder G.M. Rao revealed that the upcoming Bhogapuram International Airport will house the world’s largest MRO facility—positioning Andhra Pradesh as a global aerospace and defence destination. The airport is set to be operational by June 2026.

With flagship projects, policy support and global partnerships, Andhra Pradesh is clearly signalling its intention to become one of India’s most influential economic engines.