Visakhapatnam: The City of Destiny is fast becoming the centre of industrial and economic momentum, as highlighted by O. Naresh Kumar, Chairman of the Vizag Development Council, while sharing key outcomes of the CII Summit 2025. The three-day summit concluded with diverse investment commitments across multiple growth sectors, signaling a strong future for the region.

 

According to Naresh Kumar, the proposed investments and employment potential across major sectors are as follows:

Sector-wise Investment & Employment Outlook

• Power & Energy: ₹5,33,351 crore committed, likely to create around 2,66,722 jobs

• Industries & Manufacturing: ₹2,80,384 crore planned, generating 5,19,083 jobs

• Infrastructure & Mobility: ₹2,01,758 crore investment, enabling 3,06,649 jobs

• IT, Electronics & Communication: ₹1,59,467 crore investment, offering 2,96,315 jobs

• AP CRDA Projects: ₹48,711 crore committed, supporting 41,625 jobs

• Tourism & Hospitality: ₹21,036 crore investment, expected to create 1,05,804 jobs

• Food Processing: ₹13,008 crore investment, generating 47,390 jobs

• Urban Development: ₹4,944 crore investment, creating 12,150 jobs

• Textile & Apparel: ₹4,490 crore investment, supporting 8,450 jobs

• Healthcare & Medical Services: ₹4,208 crore investment, creating 24,000 jobs

• Education & Skill Development: ₹4,359 crore investment, supporting 3,000 jobs

• Other Departments & Sectors: Approximately ₹50,000 crore in additional investment plans

A Turning Point for Coastal Andhra

Naresh Kumar emphasized that the scale of participation, policy clarity, and infrastructure focus showcased during the summit has reinforced investor confidence in Vizag and the broader state of Andhra Pradesh. Strategic advantages—including port connectivity, industrial corridors, and a progressive administrative framework—continue to attract national and global players.

Jobs, Growth & Long-Term Vision

The investment pipeline signals a wide employment spectrum, catering to engineers, technicians, IT professionals, logistics specialists, hospitality, healthcare workers, and more. Naresh Kumar noted that the long-term benefits extend far beyond numbers, with opportunities for skill development, innovation hubs, and stronger supply-chain ecosystems.

Vizag’s Growing Economic Identity

With continuous efforts toward upgrading ports, highways, digital infrastructure, and airport connectivity, Visakhapatnam is positioning itself as a premier centre for enterprise, exports, and technology-led growth on the east coast.

 

“The momentum we are witnessing reflects a new confidence in Vizag’s role in India’s future,” said O. Naresh Kumar, adding that the Vizag Development Council remains committed to supporting sustainable and inclusive economic progress.