The Vizag Development Council (VDC), under the leadership of Vice Chairman O. Naresh Kumar, has commended the transformational efforts of the Andhra Pradesh government in creating a vibrant investment climate. As the state enters a new era of economic growth, O. Naresh Kumar praised the initiatives that have drawn significant investments and positioned Andhra Pradesh as a hub for development and opportunity.

To celebrate this achievement, the VDC released a detailed poster showcasing the state’s growth trajectory and the remarkable influx of new investments in 2024. The poster highlights Andhra Pradesh’s rapid strides in industrial expansion, infrastructure development, and employment generation, setting the tone for a promising future.

A New Era of Investments in Andhra Pradesh

Andhra Pradesh’s investment story for 2024 is nothing short of extraordinary. Major corporations like Reliance Industries, TCS, ArcelorMittal, and NTPC have pledged substantial projects in the state. These investments, valued at thousands of crores, are expected to generate over 3.5 lakh jobs, significantly boosting the state’s economy.

Key highlights of the investment wave include:

• Reliance Industries committing ₹65,000 crores, creating 2.5 lakh jobs.
• TCS (Tata Consultancy Services) investing ₹30,000 crores, generating 10,000 jobs.
• ArcelorMittal injecting ₹61,780 crores, providing 21,000 jobs.
• NTPC bringing in ₹2 lakh crores with employment potential for 1 lakh people.

Other major contributions include investments in green energy, mobility, and technology sectors by companies like Asta Green Energy Ventures, Azad India Mobility Ltd, and Kalyani Strategies Systems Ltd, further diversifying the economic landscape of Andhra Pradesh.

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Ongoing Infrastructure Development

The state’s progress is not limited to industrial investments. Massive infrastructure projects are underway, including:

• The GMR International Airport with an investment of ₹4,500 crores.
• Development of the Mullapeta Port worth ₹4,350 crores.
• Completion of the ambitious Polavaram Irrigation Project, valued at ₹47,725 crores.
• Key projects in Amaravati, including the Outer Ring Road, railway lines, expressways, and central government offices, cumulatively worth over ₹50,000 crores.

A Vision for the Future

Speaking on the occasion, O. Naresh Kumar remarked, “The current administration has successfully transformed Andhra Pradesh into a magnet for investments, paving the way for a golden era of growth and prosperity. The Vizag Development Council is proud to support the government’s vision of making AP a model state for sustainable development and inclusive growth.”

The poster, released by the VDC, encapsulates the essence of Andhra Pradesh’s growth story, capturing the scale of investments and infrastructure projects shaping the state’s future. It serves as an inspiration to investors, stakeholders, and residents, reinforcing the narrative of AP as the “Sunrise State” of India.