Vishakapattanam, India – The Global Investors Summit held over two days on March 3rd and 4th has been declared a mega success with investments worth ₹13 lakh crore and 340 Memorandums of Understanding (MoUs) signed, generating six lakh job opportunities across 20 sectors.
The National Thermal Power Corporation (NTPC), JSW Group, ABC Limited, Aurobindo Group, Adani Green Energy, Aditya Birla Group, and Jindal Steel were among the major investors. NTPC signed three MoUs with an investment of ₹2,35,000 crore and employment generation for 77,000 people. JSW Group signed six MoUs with an investment of ₹50,632 crore and employment generation for 9,500 people, while ABC Limited signed an MoU for ₹1.2 lakh crore investments, generating employment for 7,000 people. The Aurobindo Group signed five MoUs for ₹10,365 crore which will create employment for 5,250 people. Adani Green Energy has signed two MoUs involving an investment of ₹21,820 crore and employment generation for 14,000 people. The Aditya Birla Group signed two MoUs for ₹9,300 crore, which will generate employment for 2,850 people. Jindal Steel signed one MoU for ₹7,500 crore and is expected to provide employment for 2,500 people.
The Energy Department attracted 35 proposals for ₹8.25 lakh crore investment, generating 1.33 lakh employment opportunities, followed by the Industries & Commerce Department that attracted around 41 proposals involving an investment of ₹3.2 lakh crore that will generate 1.79 lakh jobs. The IT and ITES Department received six proposals with an investment of ₹32,944 crore with a potential to create employment for 64,815 people. The Tourism Department drew 10 proposals with an investment of ₹8,718 crore which will generate employment for 13,400 people.
The success of the summit is expected to drive significant economic growth in the state of Vishakapattanam, creating a plethora of job opportunities across various sectors.
