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Visakhapatnam Plans Major Growth Push With ₹21.64 Lakh Crore Investment
Visakhapatnam is planning a large program to grow its economy and infrastructure.
P.V.N. Madhav said the city could become a world-class city and an important economic centre.
The state government wants to attract ₹21.64 lakh crore in investments over the next two years.
Officials expect these investments to create about 23 lakh direct and indirect jobs.
Another plan looks toward 2032 and proposes ₹9.30 lakh crore in investment.
The city may use its 51.88-kilometre coastline to become a “Bay City.”
Several large projects, including an airport, railway zone and data centre, are expected to support growth.
The railway station may also add six platforms for more passengers and trains.
Andhra Pradesh BJP president P.V.N. Madhav said plans were being prepared to make Visakhapatnam a world-class city.
The state aims to attract ₹21.64 lakh crore in investments over the next two years and create about 23 lakh jobs.
A separate 2032 vision proposes ₹9.30 lakh crore in investments and development of Visakhapatnam as a “Bay City.”
Major projects cited include a Google data centre, South Coast Railway Zone, Bhogapuram International Airport and an ArcelorMittal Nippon Steel plant.
Visakhapatnam Railway Station is expected to expand from eight platforms to 14 to handle future traffic.
- Who
- P.V.N. Madhav, Andhra Pradesh BJP president, described plans backed by the state government led by Chief Minister N. Chandrababu Naidu.
- What
- Plans were outlined to attract investment and develop Visakhapatnam into a world-class industrial, IT, commercial, logistics and financial hub.
- Where
- Visakhapatnam, Andhra Pradesh, India.
- When
- The announcement was made on Saturday; the investment target covers the next two years, with a separate vision extending to 2032.
- Why
- The stated aim is to support economic growth, attract investments, create employment and prepare the city for future infrastructure needs.
Key facts
- Two-year investment target
- ₹21.64 lakh crore
- Expected employment
- About 23 lakh direct and indirect jobs
- 2032 investment vision
- ₹9.30 lakh crore
- Coastline
- 51.88 kilometres
- Railway station expansion
- From eight platforms to 14
- Planned development focus
- Infrastructure, industries, information technology, transport, ports, aviation, railways and urban infrastructure
Sources
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