Andhra Pradesh Global Investors Summit 2023; We have received 340 investment proposals worth Rs 13 lakh crores, providing employment to 6 lakh people across 20 sectors”, says CM Jagan
Our Correspondent
Visakhapatnam: Andhra Pradesh Chief Minister Jagan Mohan Reddy has assured the business tycoons that there is no threat to investments in his state.
Speaking at the Global Investors Conference, here CM said that there are sustainable development opportunities in AP. He said that AP has plenty of water resources and geographically suitable for industries.
He said that there are already 6 ports and 4 more ports are coming up. He said that there is also no dearth of skilled youth in the state. Jagan revealed that if 11 industrial corridors are coming up in the country, 3 of them are going to come up in AP.
“We have received 340 investment proposals worth Rs 13 lakh crores, providing employment to 6 lakh people across 20 sectors” , said CM
A two-day global investor conference kicked off in the city on Friday. Prominent industrialists from different parts of the country are attending the conference which is being held at the engineering college grounds of Andhra University.
The 2-day summit offers an all-inclusive platform to international and domestic investors, policy-makers, diplomats from various countries across the globe, country business delegations, influencers, industry associations, and trade bodies to explore opportunities, and forge partnerships. The state has planned Business-to-Business (B2B) and Government-to-Business (G2B) meetings, keynote speeches, sector-specific plenary sessions, and exhibits as opportunities for global leaders to engage fruitfully.
The state has also planned activities for international partners to experience local culture, art, and cuisine giving everyone a holistic experience of the state.
Visakhapatnam city, which is hosting the Global Investors Summit (GIS) have been flooded with huge hoardings to drive home a strong marketing message to visiting dignitaries as to why Andhra Pradesh was ideal for setting up industries across sectors.
Messages that greet visitors are loud and clear. They range from ‘Advantage Andhra Pradesh — Where Abundance Meets Prosperity’, ‘AP’s No. 1 rank in Ease of Doing Business’ for the three consecutive years based on stakeholders’ feedback, ‘Industry-centric policies with a proactive government steering the state’, ‘Registering 11.43% GSDP growth rate which is the highest in the country’.
“Andhra Pradesh is India’s gateway to the southeast with its 974 km long coastline, the second longest in the country, 6 existing ports, and 4 upcoming ports. However, it has also emerged as the fastest-growing state in India, as per the number released so far, with double-digit growth of 11.43% in 2021-22. The state has embarked on a rapid growth path under the able leadership of Y.S. Jagan Mohan Reddy, Chief Minister of Andhra Prades. Thanks to the governance reforms and formulation of investor-friendly policies by the government, the state has emerged on top in terms of ease of doing business (EoD) for three consecutive years,” an statement from the state government said.
“Consistent improvement in the governance framework to create hassle-free investing is augmented by hard infrastructure as three of the country’s eleven industrial corridors are being built in Andhra Pradesh alone. The improvements have been duly recognised and the state has received various awards over the last one year alone. To name a few the LEADS award for logistics 2022, the Inertia Award for Energy 2022, the ET award for port-led, and the infrastructure project 2022,” the statement by AP government added.
Story is edited by Andalib Akhter