Sattva Group to invest Rs.1,500 cr in Vizag; to create 25,000 jobs
Sattva Group plans to invest ₹1,500 crore in Vizag, establishing a major new facility expected to generate 25,000 jobs and bolster regional economic growth.
Sattva Group to invest Rs.1,500 cr in Vizag; to create 25,000 jobs
Following talks with Andhra Pradesh IT and Electronics Minister Nara Lokesh, Sattva Group has announced the development of a Rs.1,500 crore, 30-acre integrated campus in Visakhapatnam.
The proposed investment will generate direct jobs for 25,000.The initiative follows strategic discussions of the Sattva group with Lokesh, who is trying to position Andhra Pradesh as a top destination for investment.
The proposed Sattva Vantage Vizag Campus is set to be a landmark infrastructural development in the port city. The infrastructure will combine Grade A office spaces, premium residential zones, and world-class infrastructure designed to meet global standards of sustainability and smart urban planning.
Most importantly, the project is expected to generate over 25,000 direct jobs, contributing largely to the local economy. The announcement marks a key milestone in the government’s efforts to channel investment into tier-2 cities like Visakhapatnam, which are now emerging key investment drivers in the IT and GCC (Global Capability Centers) ecosystem.
Speaking on the development, a spokesperson for the Sattva Group said, “We are proud to be partnering with the Government of Andhra Pradesh in this transformative journey. The Hon’ble Minister Nara Lokesh’s clarity of vision, deep understanding of the industry, and commitment to building a future-ready Andhra Pradesh has played a crucial role in shaping this initiative.”
Minister Lokesh, who has been spearheading AP’s digital and IT push, has laid out an ambitious vision to generate two million jobs across the State, including 5,00,000 in IT and GCC sectors. The Sattva Group’s project aligns directly with this agenda and adds further momentum to Visakhapatnam’s transformation into a digital capital.*
The government’s focus on building integrated infrastructure, enhancing air connectivity (with the Bhogapuram International Airport under development), and skilling youth in high-growth areas like AI, cloud computing, and cybersecurity is laying a strong foundation for sustained tech-led growth in the State.
