Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman has already expressed her support for the summit and urged summit leaders to promote the G20 economy, as three G-20 conferences will be held in Visakhapatnam.

This global tech summit is being organized jointly by the AP Government and the Indo-American Chamber of Commerce in order to attract investments worth Rs. 3000 crores. This summit will be held on February 16th and 17th, 2023, in Vizag with the theme "Health Tech," with a focus on IT, electronics, biotech, edutech, pharmatech, and future-oriented technologies such as Web 3.0 and Metaverse.                                                                                                                                                                            
A pre-meeting was held in Visakhapatnam, it was attended by Infosys founder Narayana Murthy, GMR Group founder GM Rao, Pulsus Group CEO Srinubabu, Andhra University Vice-Chancellor PVGD Prasad Reddy, and others. This summit is also co-organized by the Pulsus Group, along with the State Government, and the Indo-American Chamber of Commerce.