CM Chandrababu announces Rs 4 crore investments for Visakhapatnam

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CM Chandrababu announces Rs 4 crore investments for Visakhapatnam
CM Chandrababu announces Rs 4 crore investments for Visakhapatnam
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Visakhapatnam: The city is on the brink of transformative development as Andhra Pradesh Chief Minister N. Chandrababu Naidu announced an ambitious Rs 4 lakh crore investment plan during his two-day visit on December 5, 2024.

Addressing the Global Forum for Sustainable Transformation (GFS) conference, the Chief Minister revealed major projects, including a Google Cloud Data Center, NTPC Green Hydrogen Hub, and the Accor-Mittal Steel Plant in Anakapalle district. These projects are expected to commence within six months and significantly reshape Visakhapatnam within two years.

CM Chandrababu announces Rs 4 crore investments for Visakhapatnam
CM Chandrababu announces Rs 4 crore investments for Visakhapatnam

Highlighting the state’s commitment to innovation and sustainability, IT and HRD Minister Nara Lokesh played a crucial role in attracting the Google Cloud Data Center investment. During his US visit last month, Lokesh engaged with Google executives, showcasing Andhra Pradesh’s innovation-friendly ecosystem. Discussions emphasized e-governance, smart city integration, and AI-based training programs.

The Google Cloud Data Center is poised to become a game-changer for Visakhapatnam’s IT sector, underscoring the state’s push for technological progress. The Memorandum of Understanding (MoU) for the project is slated to be signed on December 11, marking a pivotal moment in Andhra Pradesh’s development journey.

These investments signify Visakhapatnam’s emergence as a hub for technological and industrial innovation.