Prime Minister Narendra Modi, Apple CEO Tim Cook, Tesla CEO Elon Musk, Google CEO Sundar Pichai, Microsoft Executive Chairman and CEO Satya Nadella are on the invitees list of the Andhra Pradesh government for its Global Investors Summit (GIS) to be held in Visakhapatnam on March 3 and 4. Fifteen Union Ministers, 15 Chief Ministers, 44 global industrialists, 53 Indian industry bigwigs and ambassadors of various countries are being invited for the two-day event on which the Y S Jagan Mohan Reddy government is betting big to attract large-scale investments into the state.
Amazon Executive Chairman Jeff Bezos and Samsung Chairman and CEO Oh-Hyun Kwon are also on the invitees list for the summit to be held in the port city. Mukesh Ambani, Gautam Adani, Anand Mahindra, Kumar Mangalam Birla, Adi Godrej, Rishad Premji and N Chandrasekaran are some of the Indian tycoons being invited. In his message ahead of the event, the Chief Minister noted that the GIS was being hosted "with the goal of preparing for the future." He has extended an invitation to all concerned to attend the event and "work with us" to "see your business flourish." Soon after it assumed power in May 2019, the Jagan Mohan Reddy government had conducted a diplomatic outreach programme in Vijayawada seeking investments from different countries. Now the state government is seeking to showcase "Advantage Andhra Pradesh" in a big way through the GIS, proclaiming "abundance in every sphere" and a conducive business environment for investors. YSR Congress MP V Vijayasai Reddy said in a tweet, "In 2022, the AP State government cleared investment proposals worth ₹ 1267 billion, of which ₹ 810 billion were towards green energy projects. 2023 will be bigger as we put all our strength behind the Global Investors Summit on March 3 and 4 in Vizag. AP is rising." Official sources said though a "specific target" has not been fixed for prospective investments, it was expected to garner "anywhere between ₹ 5-8 lakh crore" into different sectors.