Andhra Pradesh made a strong impression at the World Economic Forum 2026 in Davos, with major announcements that underlined the state’s ambition to become a global investment destination.
IT Minister Nara Lokesh, who is in Davos to attract global investments, announced a landmark agreement involving investments worth nearly ₹1 lakh crore. The investment will simultaneously boost Visakhapatnam, which is emerging as the state’s IT capital, and Rayalaseema, which is being positioned as a major industrial and logistics hub. The announcement was made jointly with the RMZ Group, following discussions with its chairman Manoj Menda.
The proposed investments focus on developing large-scale mixed-use, digital, and industrial infrastructure across Andhra Pradesh. Lokesh said the objective is balanced regional growth and large-scale employment generation. In Visakhapatnam, RMZ Group plans to develop a next-generation digital and mixed-use ecosystem. As part of this vision, the group has proposed a Global Capability Centre park at the Kapuluppada Phase-1 IT Park. The project is expected to span nearly 50 acres, with a potential built-up area of up to 10 million square feet.
In addition, RMZ is planning a hyperscale data centre cluster in Visakhapatnam with a capacity of up to one gigawatt. The project will require around 500 to 700 acres of land and is designed to support future digital and artificial intelligence-driven needs. These facilities are expected to place Visakhapatnam firmly on the global technology map.
Rayalaseema is also set to see a major transformation. At Tekulodu, RMZ Group has proposed the development of a large industrial and logistics park spread across nearly 1,000 acres. The project will support manufacturing units, warehousing, and logistics operations, strengthening the region’s industrial base.
The total investment for these projects over the next five to six years is estimated at around 10 billion dollars. Officials estimate that nearly one lakh jobs will be created across IT, data centres, industrial manufacturing, and logistics sectors.
India Will Become the World’s Top Economy by 2047: Chandrababu Naidu
Meanwhile, Andhra Pradesh Chief Minister Nara Chandrababu Naidu also addressed global leaders at Davos and shared an optimistic vision for India’s economic future. He said India is currently the fourth-largest economy in the world and is expected to move to the third position within the next two to three years. He expressed confidence that by 2047, India will emerge as the world’s largest economy.
Chandrababu Naidu compared India to a sleeping lion that is beginning to awaken. He said India is already competing with global economic giants and once its full potential is unlocked, its leadership on the world stage will be inevitable. He highlighted India’s scale, talent pool, innovation capacity, and reform-oriented policies as the key drivers of this growth.
The 2026 World Economic Forum saw unprecedented political participation from India, with Union ministers and chief ministers from ten states presenting a unified growth narrative. Chandrababu Naidu said India is among the safest and most attractive destinations for global investments, offering unmatched stability and opportunity.
He also spoke about Andhra Pradesh’s proactive approach to future growth. The state has rolled out 25 new policies focused on advanced sectors such as artificial intelligence, digital infrastructure, and drone technology. These policies, he said, are designed to attract quality investments and create sustainable employment.
Leaders from other states echoed similar confidence in India’s growth story. Assam Chief Minister Himanta Biswa Sarma highlighted rapid development under the Act East policy, while Telangana leaders spoke about their goal of building a multi-trillion-dollar economy. Kerala and Gujarat also showcased their development priorities.
The combined announcements and statements at Davos sent out a clear message. Andhra Pradesh is positioning itself as a key engine of India’s economic growth, while India’s rise as a global economic powerhouse is steadily gathering momentum.
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At Davos, Chandrababu Sets India Vision While Lokesh Drives Andhra Investment Push
