The andhra pradesh High court had ordered the state government to transform amaravati into the state capital within six months by march 3, 2022. 75 petitions submitted by amaravati farmers and others opposing the government's decision on three capitals had been decided by a three-judge panel. The state government did, however, appeal the decision to the supreme Court. The supreme court halted the High Court's judgement in november of last year, stating that the court cannot exercise the functions of an engineer or a town planner.

At the investors' event, the chief minister said that the state had received 340 investment offers totaling Rs 13 lakh crore that would have employed nearly 6 lakh people in 20 different sectors. 92 MoUs will be signed on the first day, with a potential investment of 11.5 lakh crore and employment for over 4 lakh persons. The final 248 Memoranda of Understanding will be signed on Saturday, resulting in an investment of 1.15 trillion rupees and the employment of 2 lakh workers.

The investors were informed by jagan Mohan reddy that his administration was dedicated to fostering a business-friendly climate and ensuring sustainable economic growth. "We'll help create the best possible business environment. You can reach us by phone for anything you need, "added he. According to the chief minister, Visakhapatnam has developed into a potent economic hub because to the presence of numerous public and private sector organisations, port-driven infrastructure, and a popular tourism destination.

He claimed that in addition to its economic prowess, Visakhapatnam is renowned for its beautiful beauty and tranquil surroundings. Since india will be hosting the G20 summit in 2023 with the theme "one earth, one family, one future," he claimed that year will be significant for India. He emphasised that one of the crucial G20 working committee meetings will also be held in Visakhapatnam.

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