Lokesh woos Blackstone, Brookfield

Amaravati: Making a strong pitch for investments in AP, IT and Electronics Minister and TDP general secretary Nara Lokesh urged top officials of Blackstone and Brookfield Asset Management, which together manage nearly $2 trillion in assets, to explore large-scale investments across urban development, clean energy, data centres and industrial infrastructure.

In a strong signal of AP’s rising global investment stature, Lokesh held high-level, back-to-back meetings with leadership of the world’s two largest alternative asset management firms on the sidelines of the WEF 2026 at Davos. Lokesh met Stephen A. Schwarzman, Chairman and CEO of Blackstone, and separately held discussions with Connor Teskey, President of Brookfield Asset Management. Collectively, the two global institutions manage close to $2 trillion in assets across infrastructure, real estate, clean energy, digital platforms, logistics and transition investing.

During discussions with Blackstone, Lokesh outlined opportunities in Grade-A commercial office spaces, integrated mixed-use urban developments, port-linked industrial and logistics parks, renewable energy, and hyperscale data centres across Visakhapatnam, Amaravati, Rayalaseema, and the CBIC–VCIC industrial corridors.

The talks focused on leveraging AP’s fast-growing urban centres, port-led industrialisation strategy, and execution-oriented policy framework to enable institution-grade real asset investments. Blackstone’s global expertise in office platforms, logistics parks, mixed-use developments and digital infrastructure aligns closely with AP’s ambition to build globally competitive, sustainable cities and industrial ecosystems.

In a separate meeting with Brookfield Asset Management, Lokesh reviewed progress since earlier engagements in London and discussed next steps to accelerate the Andhra Pradesh–Brookfield partnership. Key focus areas included fast-tracking Brookfield’s clean-energy-powered, gigawatt-scale data centre plans in Visakhapatnam, along with energy storage, solar manufacturing, and green hydrogen pilot projects near the state’s port-led industrial clusters.

The discussions also covered large-scale renewable energy deployments in AP under Evren, the Brookfield–Axis Energy platform, which is executing utility-scale solar and hybrid renewable projects in the state. These investments support Andhra Pradesh’s vision of delivering round-the-clock green power to energy-intensive industries, digital infrastructure and future hydrogen value chains. “When the world’s largest long-term capital partners engage Andhra Pradesh in quick succession, it reflects confidence in the state’s scale, governance, and ambition,” Lokesh noted, adding that Andhra Pradesh is committed to building enduring global partnerships that translate into jobs, infrastructure, and inclusive economic growth.