From Our Correspondent
Massive ₹1.1 lakh crore commitment to boost renewable, real estate, data center, and port development
Visakhapatnam: In one of the largest foreign investment announcements in Andhra Pradesh’s history, Brookfield Asset Management, a global leader in infrastructure and renewable investments, will invest $12 billion (₹1.1 lakh crore) across multiple sectors in the state.
Announcing the development on Friday, Minister for IT, Electronics, and Education Nara Lokesh said the investment marks a Candmark partnership” that will position “Andhra Pradesh as a leading destination for sustainable and transformative investments — not just in India, but globally.”
Interestingly, Lokesh had hinted at the deal a day earlier on X (formerly Twitter), writing: “Whispers in the boardrooms: a global fund is about to bet big on #AndhraPradesh. Any guesses?” He followed up on Friday with the formal announcement.
Brookfield’s investment will span renewable energy, battery and pumped storage projects, solar manufacturing, and other decarbonization initiatives. In addition, the company will invest in data centers, commercial real estate, global capability centers (GCCs), infrastructure, and ports, further strengthening Andhra Pradesh’s industrial and energy ecosystem.
Lokesh described the investment as a “vote of confidence in Andhra Pradesh’s stability, speed of governance, and forward-looking policy framework,” adding that it reflects global recognition of the state’s commitment to green growth and innovation.
The announcement comes as Andhra Pradesh accelerates its mission to become a trillion-dollar investment destination and a national leader in renewable and sustainable development, under the leadership of Chief Minister N. Chandrababu Naidu.
Brookfield’s entry is expected to generate thousands of direct and indirect jobs and significantly expand the state’s presence in clean energy, advanced infrastructure, and technology-driven industries.