Business EconomyPosted at: Nov 11 2026 8:19PM


AP: CII Summit targets Rs 11 lakh Cr. investments: TDP State Chief

Visakhapatnam, Nov 11 (UNI) Telugu Desam Party State President and Gajuwaka MLA Palla Srinivasa Rao on Wednesday said that the government expects the upcoming CII summit to attract investments of around Rs 11 lakh crore and generate employment opportunities for 2.5 lakh people, with nearly 3,800 Memoranda of Understanding (MoUs) likely to be signed.
In a release, he said that the participation of delegates from 58 countries would further enhance Visakhapatnam’s international profile and strengthen its position as an emerging investment destination, he said. He noted that representatives of leading companies, including Kia Motors, ReNew, Mondelez India, Saint-Gobain, NALCO and Levista, are expected to participate in the summit.
Space technology companies such as Heather Rockets, Agnikul, Bellatrix Aerospace and Skyroot will also be represented. Deliberations are expected to focus on investment opportunities in automobiles, renewable energy, food processing, infrastructure, manufacturing and technology sectors, Srinivasa Rao informed.
The TDP State Chief revealed that the proposed Google data centre in Visakhapatnam, along with additional data centre projects, would provide a significant boost to the IT sector. With Google announcing an investment of around $15 billion, Visakhapatnam has the potential to emerge as a major hub for global digital infrastructure, he said. The investment could also attract other technology and software companies to the city, creating a wider ecosystem for digital innovation and growth.
"The government was focusing on the development of green data centres, with an emphasis on environmental sustainability, lower power consumption and minimal water usage. Equipped with cutting-edge technology, these facilities would help establish a robust IT and digital ecosystem in Visakhapatnam," he added.
Srinivasa Rao expressed confidence that the CII Summit would extend industrial opportunities beyond Visakhapatnam to Srikakulam, Vizianagaram and Anakapalli districts. The establishment of new industries and ancillary units, coupled with the expansion of transport, logistics and service sectors, would create greater local employment opportunities for the youth of North Andhra, he said.
The summit would also contribute to positioning Visakhapatnam as a major hub for IT, manufacturing, space technology and digital industries.
UNI DP CDS
Tags: #AP: CII Summit targets Rs 11 lakh Cr. investments: TDP State Chief
More News

AP expects Rs 11 lakh crore investments and 25 lakh jobs from 31st CII Summit; Amit Shah to inaugurate

11 Nov 2026 | 8:34 PM

Visakhapatnam, Nov 11 (UNI) Visakhapatnam is all set to host the 31st CII Partnership Summit on November 12 and 13, with the State government expecting investment proposals worth Rs 11 lakh crore and employment potential for 25 lakh people, Andhra Pradesh District In-charge Minister Dola Sree Bala Veeranjaneya Swamy said on Wednesday.

see more..

Sunil Alaric D’Souza to be Voltas Chairman as Noel Tata retires

11 Nov 2026 | 8:25 PM

Mumbai, Nov 11 (UNI) Tata Group company Voltas officially informed the stock exchange here on Wednesday that present Tata Consumer Products MD & CEO Sunil Alaric D’Souza will take over as Voltas Chairman from Thursday, November 12, 2026, after Noel Tata retires as Chairman and Director of Voltas on Wednesday.
Noel Tata stepped down as Voltas Chairman at the close of business hours on Tuesday, November 11, after reaching retirement age at 70.

see more..

AP: CII Summit targets Rs 11 lakh Cr investments: TDP State Chief

11 Nov 2026 | 8:19 PM

Visakhapatnam, Nov 11 (UNI) Telugu Desam Party State President and Gajuwaka MLA Palla Srinivasa Rao on Wednesday said that the government expects the upcoming CII summit to attract investments of around Rs 11 lakh crore and generate employment opportunities for 2.5 lakh people, with nearly 3,800 Memoranda of Understanding (MoUs) likely to be signed.

see more..

AP CM seeks WIPO partnership to promote innovation, IPR and global branding of AP products

11 Nov 2026 | 7:45 PM

Visakhapatnam, Nov 11 (UNI) Ahead of the CII Partnership Summit, Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday sought the partnership of the World Intellectual Property Organization (WIPO) to promote innovation, research and intellectual property rights (IPR) in the State and secure international recognition for its traditional products, startups and technological initiatives.

see more..

11 Nov 2026 | 7:21 PM

New Delhi, Nov 11 (UNI) Moody's Ratings has revised India’s growth outlook saying the economy is likely to grow at a higher rate of 7 per cent in the current fiscal. It said the growth is led by broad-based economic momentum and energy supply shock resilience. .

see more..