VIJAYAWADA: Asserting that Andhra Pradesh is not just an investment destination but also a strategic advantage, Chief Minister N Chandrababu Naidu has invited global industry to partner with the State for long-term growth.
Speaking at the CII session “India at the Centre: The Geography of Growth - The Andhra Pradesh Advantage” held on the sidelines of the World Economic Forum in Davos on Tuesday, he said, “Our speed of doing business makes AP a premier investment hub.”
Naidu urged global investors to study the industry-friendly policies of Andhra Pradesh government by visiting the State with more than 1,000 km coastline, and take a decision after witnessing the speed of doing business.
The Chief Minister explained opportunities for investments in green energy, technology, digital infra and logistics sectors. Mentioning Google investment in Visakhapatnam and Green Ammonia plant in Kakinada, he said the State government laid emphasis on development of space city, ports and airports to promote rapid economic growth.
Naidu said he has been attending the World Economic Forum for the past several years to identify the requirements of industrialists, and formulate necessary policies to make AP an industry-friendly State. “The future is for knowledge economy, and Indians are ahead in utilising technology,” he observed.
CII Director General Chandrajit Banerjee, Cognizant CEO Ravikumar and several global industrialists were present.
Taking to ‘X’ after the meeting, Naidu posted “Andhra Pradesh isn’t just an investment destination; it’s a strategic advantage. I was delighted to engage with industry leaders at the CII session “India at the Centre: The Geography of Growth - The Andhra Pradesh Advantage” in Davos, showcasing AP’s strengths across various sectors. With nearly a quarter of India’s FDI, our speed of doing business makes AP a premier investment hub. I invited global industry to partner with us for long-term growth.”