Visakhapatnam will be Andhra Pradesh's new capital, chief minister YS Jagan Mohan Reddy said Tuesday afternoon, indicating plans to develop Amaravati on the banks of the Krishna river - as the capital city has been scrapped.

The announcement of a new capital for Andhra comes nine years after the state of Telangana was carved out of its territory and given Hyderabad as its capital.

"I invite you to Visakhapatnam, which is going to be our capital in the days to come. I myself will also be shifting to Visakhapatnam in the months to come"

At the International Diplomatic Alliance meet in Delhi he urged investors to 'visit us and see... how easy it is do to business in the state of Andhra Pradesh'.

Identity of a new capital for Andhra Pradesh - for which over 33,000 acres of land had been acquired from farmers around Amaravati - has been the source of social, legal, economic and political friction over the past several years

In 2015, then chief minister Chandrababu Naidu said Amaravati would be the capital but, five years later, a proposal to have three capital cities was floated.