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Hans India
a day ago
- Business
- Hans India
Naidu unveils vision to transform Vizag into ‘New Mumbai' by 2032
Vijayawada: Chief Minister N Chandrababu Naidu on Friday unveiled an ambitious vision to transform Visakhapatnam into a new Mumbai over the next seven years. He directed officials to develop the 'Visakha Economic Region' as AP's primary growth engine, aiming for a staggering $120 billion economy from this region by 2032. The proposed economic region encompasses eight districts, including Visakhapatnam, Vizianagaram, Srikakulam, Anakapalli, Kakinada, East Godavari, Alluri Sitharama Raju (ASR), and Manyam. The Chief Minister has instructed the officials to launch projects that will significantly boost economic activity across these eight districts, which spread across 36,000 square kilometers and are home to 15.5 million people. Currently, this region's GDP stands at nearly $49 billion. According to the Chief Minister, this region alone can generate 20 to 24 lakh jobs by 2032, making it vital for the state's future prosperity. During a review meeting on Friday with NITI Aayog officials, the Chief Minister outlined a comprehensive development strategy for the Visakhapatnam Economic Region. His proposal focused on six ports, seven manufacturing nodes, 17 major agricultural zones, six service hubs and 12 tourism hubs. The NITI Aayog officials presented a detailed plan, focusing on seven key growth drivers for the region: ports, IT, agriculture, tourism, healthcare, urban development, and infrastructure. A total of 41 crucial projects are slated for prioritised implementation. "We will develop beach roads from Mulapeta to Visakhapatnam and from Visakhapatnam to Kakinada, connecting them to national highways. Our coast is a true treasure. We must fully leverage its potential," the Chief Minister said, adding that his government accorded industry status to tourism and rolled out a highly investor-friendly policy. On future workforce needs, the Chief Minister highlighted the importance of continuous skill training for youth. He also revealed plans to provide work-from-home opportunities to 20 lakh people. For the IT sector, Naidu set a target of creating 4-5 lakh jobs over the next seven years, with a strong emphasis on establishing data centers, startups, and innovation hubs. He further said Andhra Pradesh is prioritising the development of solar, wind, pumped hydro, battery storage, and green hydrogen as part of its energy strategy. The CM highlighted the state's abundant natural resources to support this vision and urged NITI Aayog to extend its support in bringing it to fruition. Later, a Memorandum of Understanding was signed between the Andhra government, NITI Aayog, and the ISEG Foundation for the State Energy Transition Roadmap. The current installed power generation capacity in the state is 27.3 GW. Electricity demand in the state rose from 55.6 BU (billion units) in 2019 to 69.7 BU in 2025 while industrial demand grew by 4.8 percent and household demand by 5.1 per cent. Power demand is projected to rise from 88.6 BU next year to 163.9 BU by 2035.
The Hindu
2 days ago
- Business
- The Hindu
Andhra Pradesh govt., NITI Aayog, ISEG Foundation sign MoU on energy transition roadmap
The Andhra Pradesh Government, the NITI Aayog, and the ISEG Foundation entered into a Memorandum of Understanding (MoU) on the State Energy Transition Roadmap on Friday. The MoU was signed in the presence of Chief Minister N. Chandrababu Naidu. On the occasion, Mr. Naidu said that the undivided Andhra Pradesh had pioneered the power sector reforms in the country in 1998. In the year 2014, the residuary State had prioritised renewable energy, enabling lowest-cost power generation. With advances in technology, Andhra Pradesh made remarkable strides, he observed. 'The government is now implementing new policies that allows people to become both producers and consumers of power. If individuals generate electricity, distribution losses can be eliminated. EV adoption will drastically reduce transportation costs. We are focusing on solar, wind, pumped hydro, battery storage, and green hydrogen. Andhra Pradesh has abundant resources to support this vision. I seek NITI Aayog's support to realise it,' the Chief Minister said. As part of the MoU, the government intends to increase the share of renewables in power capacity addition. The current installed power generation capacity in the State is 27.3 GW. The electricity demand increased to 69.7 BU in 2025 from 55.6 BU in 2019. Industrial demand has grown by 4.8% and household demand by 5.1%. The power demand is projected to rise to 163.9 BU by 2035 from 88.6 BU next year. Under the AP Integrated Clean Energy Policy, the govenment targets 78.50 GW solar, 35 GW wind, 22 GW pumped storage, 1.50 MMTPA green hydrogen, 25 GW battery storage, 1,500 KLPD ethanol, 5,000 EV charging stations, and 10,000 TPD bio-CNG/CBG by 2029. The State has already attracted ₹5.78 lakh crore investments in clean energy, enabling 57.7 GW of power generation. Energy Minister Gottipati Ravikumar, NITI Aayog CEO B.V.R. Subrahmanyam, Chief Secretary Vijayanand, and representatives of the ISEG Foundation were present.
