Andhra Pradesh Targets $1 Trillion Investment Goal
The state of Andhra Pradesh is positioning itself as India’s newest industrial powerhouse, setting an unprecedented goal to attract $1 trillion in global and domestic investments over the next five years. This ambitious target forms the cornerstone of the state’s economic strategy, with a clear and unwavering focus on large-scale job creation.
This drive is reaching a critical point as the state prepares to host the 30th CII Partnership Summit in Visakhapatnam on November 14th and 15th.This major international event is expected to be a milestone moment, officially formalizing hundreds of agreements that represent massive capital inflow and new employment opportunities across various sectors.
The state government is scheduled to sign an estimated 410 investment agreements during the two-day summit. These deals are valued at approximately $120 billion (around ₹9.8 lakh crore) and carry the potential to generate an estimated 750,000 employment opportunities. This volume of confirmed commitments signals strong investor confidence in the state’s streamlined process for setting up large projects
The government credits its forward-thinking approach, which prioritizes the “speed of doing business” rather than just the “ease of doing business,” for this rapid momentum. By proactively removing bottlenecks and hand-holding projects through their entire lifecycle, Andhra Pradesh aims to ensure that committed investments swiftly translate into on-the-ground realities.
Leading the charge in attracting these investments are marquee global and domestic majors. Key projects highlighted include the development of a major Green Hydrogen Hub by NTPC, a large refinery project by BPCL, and a significant data city project by a global technology giant, which is considered one of its largest Foreign Direct Investments (FDI) in India. Furthermore, five of the country’s top ten solar manufacturing companies have already chosen Andhra Pradesh as their base, underlining its potential in the renewable energy sector.
In a crucial policy move to further unlock land for green projects and simultaneously empower marginal farmers, the state cabinet has approved changes to the assigned lands policy. This decision will permit assigned landholders to lease their plots exclusively to renewable energy companies for solar, wind, and pumped storage projects.
Until now, assigned lands could only be cultivated, leaving farmers vulnerable to income loss from crop failures. The new policy guarantees a stable income for these farmers, with a minimum annual lease rate set between ₹30,000 to ₹40,000 per acre, with an automatic five percent increase every two years. This shift allows poor farmers to become stakeholders in the state’s green energy future, securing a stable livelihood while providing vast tracts of land needed to achieve the ambitious clean energy targets.
The state is actively pursuing its vision to become a $2.4 trillion economy by 2047, aligning its industrial and environmental policies to support the central government’s ‘Viksit Bharat’ goal.The CII Partnership Summit will serve as a global stage to showcase this vision, promoting cooperation and trade, and fostering a collaborative environment among international policymakers, industry leaders, and investors. The focus is clear: to integrate the state’s growth with global supply chains, leveraging technology and sustainability to build a resilient and prosperous economy.
