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**Summary:**

Andhra Pradesh IT Minister Nara Lokesh laid the foundation stone for an AI-powered Edge Data Center and Open Cable Landing Station in Rushikonda, Visakhapatnam. This project, undertaken by Sify Infinit Spaces Limited with a ₹1,500 crore investment, is part of the TDP-led NDA government’s plan to develop Visakhapatnam into a financial capital and achieve a trillion-dollar economy by 2047. Lokesh emphasized the government’s commitment to decentralized development, job creation (especially in the IT sector), and attracting significant FDI to the region, positioning Visakhapatnam as a key economic hub. He also highlighted the support from the central government and the importance of this project for saving the Visakhapatnam Steel Plant.

**News Article:**

**Visakhapatnam Poised for Tech Boom as Minister Lokesh Unveils AI Data Center Project**

**Visakhapatnam, Andhra Pradesh – October 12, 2025** – Andhra Pradesh is making a bold push to become a major technology and financial hub, with the cornerstone laid today for a state-of-the-art AI-powered Edge Data Center and Open Cable Landing Station in Rushikonda, Visakhapatnam. The project, spearheaded by Sify Infinit Spaces Limited, represents a ₹1,500 crore investment and signals the TDP-led NDA government’s ambition to transform Visakhapatnam into a trillion-dollar economy by 2047.

Information Technology Minister Nara Lokesh presided over the ceremony, emphasizing the government’s commitment to “One State-One Capital and decentralized development.” The data center, spanning 3.6 acres, is expected to be completed in two phases.

“Visakhapatnam will receive the largest Foreign Direct Investment (FDI) in the history of India,” declared Minister Lokesh, drawing comparisons to the development of Hyderabad’s IT sector decades ago. He expressed confidence that Visakhapatnam’s growth would be significantly faster, projecting a ten-year timeline to reach its economic potential.

Lokesh underscored the importance of job creation, particularly in the IT sector, aiming to generate 5 lakh IT jobs in Visakhapatnam as part of the government’s broader goal of 20 lakh jobs across the state. He highlighted the recent allocation of land to IT giant TCS and the anticipated establishment of units by Cognizant, Accenture, and Google as indicators of the region’s growing appeal to tech companies.

The Minister also credited the central government’s support, stating that the “double-engine government is moving like a bullet train,” and that the partnership is instrumental in preserving the Visakhapatnam Steel Plant. He further noted that over 50% of the $120 billion in investments into Andhra Pradesh over the last 17 months have been concentrated in the Greater Visakhapatnam Economic Region, signifying the region’s emergence as a key investment destination.

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