VISAKHAPATNAM: Andhra Pradesh has attracted investment projects worth Rs 4,47,490 crore in 2024-25 across agriculture, industry, services, and information technology, according to a study released by the MSME Export Promotion Council (MSME EPC).
The study, titled ‘Investment, Development & Growth between 2021-22 to 2024-25 in Progressive Andhra Pradesh’, was released by MSME EPC Chairman DS Rawat.
He stated that the State is positioning itself as a hub of growth and opportunities, but emphasised the need for continuous economic reforms, and infrastructure development to sustain its growth momentum. According to the findings, in 2024-25 the State completed investment projects worth Rs 19,685 crore, and revived projects worth Rs 24,590 crore.
Of the new announcements during the year, Rs 3,71,814 crore worth of projects were initiated, Rs 14,004 crore worth were completed, and Rs 18,232 crore worth of pending projects were revived. The data was sourced from the Centre for Monitoring Indian Economy (CMIE).
Rawat said industrial corridors, MSME promotion, IT exports, renewable energy, and port development boosted Andhra Pradesh’s investment appeal, but Rs 11,45,555 crore in pending projects require a high-powered committee for oversight.
“However, many MSMEs are struggling due to rapid technological changes, lack of affordable financing, and absence of an online grievance redressal mechanism. Strengthening financial, digital, and export support systems could enable MSMEs to become the State’s largest drivers of jobs and exports,” Rawat added.
On tourism, the report recommended a six-pronged strategy focusing on connectivity, infrastructure, circuit development, public-private partnerships, branding, community participation, and sustainable practices, noting AP’s long coastline, rich heritage, and natural resources.
The study highlighted AP’s potential to become a major IT hub after Bengaluru, Hyderabad and Chennai, if policy stability and world-class IT parks and SEZs are developed.