(MENAFN- KNN India) Amaravati, Nov 14 (KNN) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday said the state has attracted USD 20 billion in investments over the past 18 months, creating employment opportunities for 20 lakh young people.

Addressing the inaugural session of the 30th CII Partnership Summit 2025 at Andhra University, Visakhapatnam, he said the government aims to mobilise USD 500 billion in investments over the next three years, with the potential to generate jobs for 50 lakh youth.

Andhra Pradesh's natural resources and long coastline, he noted, position it as a strategic gateway for investments across multiple sectors.

The Chief Minister welcomed more than 2,500 delegates, including 522 representatives from 72 countries, adding that Visakhapatnam is emerging as a safe, attractive destination for IT and industrial investment.

Naidu invited global delegates to return for next year's edition of the summit, stating he is prepared to host it in Visakhapatnam.

He also announced his readiness to allocate seafront land for establishing a world-class India Trade Promotion Organisation (ITPO) convention centre in the city, following a suggestion from Commerce and Industry Minister Piyush Goyal.

Discussing the state's strategy, Naidu said Andhra Pradesh's long coastline strengthens its potential as a key trade hub on the eastern corridor.

The government, he said, is pursuing a 'speed of doing business' approach along with ten core principles to attract investments. Efforts are underway to establish drone, electronics, aerospace, space, semiconductor and defence corridors in the state.

He added that Amaravati will host a 'Quantum Valley', with quantum computers expected to be produced in Andhra Pradesh within two years.

The Chief Minister highlighted renewable energy as a major focus area, saying the state aims to contribute 160 GW toward India's national target of 500 GW of green power.

He noted that a proposed data centre in Visakhapatnam alone requires 6 GW of power, underscoring the importance of scaling up green energy capacity.

Urging industry leaders to partner with the state, Naidu said Andhra Pradesh offers significant opportunities across deep tech, tourism, logistics, and healthcare.

“Abundant potential exists for global and domestic investors,” he said, calling on businesses to join the state's economic transformation efforts.

(KNN Bureau)

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