Andhra Pradesh has turned into a gateway for India’s market, says CM Naidu

Andhra Pradesh is a gateway for India’s market with abundant investment opportunities in various sectors, Chief Minister N Chandrababu Naidu said here on Thursday.

Participating as a chief guest at the India Europe Business Partnership Roundtable organized in connection with the CII Partnership Summit, while praising Visakhapatnam as a beautiful green and safest city, he said that the City of Destiny will certainly emerge as a global IT hub. He stated Google is going to set up an AI data centre with an investment of $15 billion and subsea cables will be laid connecting Singapore. Andhra Pradesh has been promoting industries in a big way and as part of it adopted speed of doing business and clearing applications within 45 days.

Citing a recent example, the Chief Minister said Premier Energy got clearances within 45 days with a single phone call. Likewise Reliance is setting up globally second largest brewery with clearances within a month and planning to start production from February. "This is called real speed of business," he remarked.

Naidu said that the State Government is developing a drone city for both civil applications and defence sector needs. As per the call given by Prime Minister Narendra Modi to promote space technology in the private sector, Andhra Pradesh has decided to develop a space city. Andhra Pradesh is strong in the energy sector by producing solar, wind and pumped storage power generation. He said Andhra Pradesh is going to emerge as a green energy hub. While India set a target to produce 500 GW in green energy Andhra Pradesh has decided to produce 160 GW of green energy.

The Chief Minister said Andhra Pradesh is strong in several sectors including AI, data center, space, drones, electronics, aero space, semiconductors. When the Government of India recently announced a quantum computing policy, Andhra Pradesh decided to develop a quantum valley in Amravati and declared the first quantum computer in the State in two years.

Naidu said India is going to emerge as No. 1 economy under the visionary leadership of Prime Minister Narendra Modi and remarked it is unstoppable. Praising Modi, the Chief Minister said India has an advantage of a stable government. He appealed to global investors to come and invest in Andhra Pradesh. If any one comes forward for investment, the government will provide an escort officer to follow up their applications for setting up of industries in the State, he promised.

Earlier, welcoming the gathering Director General, Confederation of Indian Industry Chandrajit Banerjee praised Chief Minister Chandrababu Naidu for his visionary outlook and commitment for economic development of both India and Andhra Pradesh.

Dignitaries including Gevorg Papoyan, Minister of Economy, Republic of Armenia, R. Mukundan, President Designate, CII and MD and CEO of Tata Chemicals Limited, Clemence Kopeikin, Chief Impact Officer, FyrstGen Holding Limited, Switzerland, Bertram Lohmuller, Professor kSDG Technology transfer and leadership, export-Akademie Baden-Wurttemberg, Germany, Amit Kalyani Chairman, CII Europe council and Vice chairman and Jt Managing Director Bharat Forge Limited, India were present.

The participants stated that India and Europe are witnessing significant growth across sectors including renewable energy, technology and smart manufacturing. Both India and Europe have committed to contribute and collaborate to advance the green shift through collaboration to accelerate green transition and enhance the joint green funding mechanisms.