NDA GOVERNMENT WILL MAKE VIZAG FINANCIAL CAPITAL OF ANDHRA PRADESH, SAYS IT MINISTER LOKESH

It has taken 30 years for Hyderabad to develop, but Visakhapatnam will not take more than 10 years, says Lokesh, and insists that the city will be a trillion dollar economy by 2047

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The TDP-led NDA government in the State is committed to developing Visakhapatnam as the financial capital of Andhra Pradesh and making it a trillion dollar economy by 2047, Information Technology Minister Nara Lokesh has said.

The Minister was in city to participate in various programmes, including a data centre project at Rushikonda. He laid the stone for the first 50-MW AI-powered Edge Data Center and Open Cable Landing Station at Rushikonda being set up by Sify Infinit Spaces Limited in two phases on 3.6 acres of land with an investment of ₹1,500 crore.

After laying the stone, Mr. Lokesh said, “If Hyderabad took 30 years to develop, Visakhapatnam will take 10 years. Visakhapatnam will receive the largest Foreign Direct Investment (FDI) in the history of India. We are confident of creating a trillion dollar economy by 2047.”