K Varaprasada Rao Amaravati

AndhraPradesh is embarking on a monumental 'Bhagiratha' effort to attract global investments, bring advanced technologies into the state and create lakhs of employment opportunities for its youth, as Chief Minister N Chandrababu Naidu seeks to accelerate the state's industrial transformation and position it as a major player in the global economy.

The ambitious drive gathers momentum with the 31st CII Partnership Summit scheduled for November 12 and 13 in Visakhapatnam. The event will bring together union ministers, foreign government ministers, global industry leaders and technology policymakers to explore investment and trade opportunities amid a rapidly changing global economic order.

Organised by the State government in partnership with the Confederation of Indian Industry (CII) at the AU Engineering Grounds, the summit is backed by a proposed investment pipeline of Rs 12,13,853.23 crore. As many as 141 Memoranda of Understanding (MoUs) and 30 Government Orders are lined up for exchange, with the potential to generate 2,46,373 jobs. These include a dedicated agreement with Kia and two MoUs under the government's P4 initiative.

Themed 'Navigating the New World Order: Trade, Technology, Trust and Thought Leadership', the summit comes as countries reposition supply chains and compete for strategic industries, advanced technologies and manufacturing investments. Andhra Pradesh is seeking to turn these global shifts into opportunities for capital inflows, technology partnerships and industrial expansion.

The political and international participation reflects the summit's significance. Union Ministers Piyush Goyal and Kinjarapu Ram Mohan Naidu and Chief Minister Naidu will participate, while Vice-President C P Radhakrishnan will attend the valedictory session alongside Governor S. Abdul Nazeer and Union Minister Pralhad Joshi.

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