Amaravati, Nov 12 (NationPress) Andhra Pradesh has embarked on a bold journey to secure one trillion dollars in both global and domestic investments, as announced by state minister Nara Lokesh on Wednesday.

Ahead of the upcoming CII Partnership Summit, scheduled for November 14-15 in Visakhapatnam, the Minister for Education and Information Technology highlighted that the state has already garnered 120 billion dollars in investments over the past 16 months.

He credited this success to the state’s commitment to stability, speed, and an investor-first approach. “These are not merely symbolic MoUs; they embody tangible projects that are generating employment and reshaping local economies,” he remarked.

During the Partnership Summit, 410 investment agreements totaling 120 billion dollars will be formalized, leading to the creation of around 750,000 job opportunities. Moreover, groundbreaking ceremonies for projects worth 2.7 lakh crore rupees will take place.

In a press conference held in New Delhi, Lokesh elaborated on the state’s favorable investment environment, governance reforms, youth-driven development framework, and an employment-oriented development strategy.

“Our objective is to generate two million jobs over the next five years—not just as a goal, but as a promise to our youth. Every policy is crafted to stimulate job creation,” he affirmed.

He cited prominent investments as evidence of the increasing global trust in Andhra Pradesh.

The minister stated that India’s largest steel manufacturer has chosen Andhra Pradesh, and Google has opted for Visakhapatnam for its largest foreign direct investment in India—the Google Data City.

Furthermore, he noted that Bharat Petroleum Corporation Limited (BPCL) is launching a refinery project worth one lakh crore rupees, while the National Thermal Power Corporation (NTPC) is establishing a 1.65 lakh crore rupee green hydrogen hub.

Lokesh also mentioned that five of India’s top ten solar manufacturing firms have selected Andhra Pradesh as their headquarters.

The minister stressed that the state’s achievements stem from a new paradigm—the Speed of doing business.

“In the modern economy, agility is paramount. A mere month’s delay can disrupt an entire investment strategy. We ensure that projects transition from intention to execution at unprecedented speed,” he explained.

This framework has attracted significant companies, reinforcing Andhra Pradesh’s allure in sectors such as IT, manufacturing, hospitality, and tourism.

As one of the first Indian states to officially recognize tourism as an industry, Andhra Pradesh aims to add 50,000 hotel rooms within the next three years.