AP ideal destination for investments with pro-industry policies: CM
AP endowed with long coastline, rich agricultural and aqua resources: CM
Focus on building advanced food processing industries: CM
Chandrababu hailed as architect of reforms: Union Minister Piyush Goyal
NEW DELHI: Chief Minister N. Chandrababu Naidu, inviting global industry leaders to the CII Partnership Summit to be held in Visakhapatnam on November 14 and 15, said Andhra Pradesh is endowed with unique advantages, including a long coastline, an investment-friendly atmosphere with pro-industry policies, and a technologically skilled youth force.
Speaking as the chief guest at the curtain-raiser of the 30th CII Partnership Summit in Visakhapatnam, held here this evening, the Chief Minister said he is hosting the summit for the seventh time. Praising Prime Minister Narendra Modi as the right leader at the right time, he said India is experiencing rapid industrial growth. He added that with the vision of achieving a $2.4 million economy in Andhra Pradesh, the government has unveiled Swarnandhra Vision 2047. As part of this plan, leveraging the 1,000 km-long coastline, ports or harbours will be developed at every 50 kilometres.
He said priority areas include logistics, deep technology, product perfection, Space City, Electronics, Drones, and Aerospace hubs. A Quantum Valley will also be developed in Amaravati, where a quantum computer will begin functioning by January 2026, with full-scale production set to start within two years.
The Chief Minister noted that Prime Minister Modi has set a target of 500 GW in the renewable energy sector, while Andhra Pradesh has fixed its goal at 160 GW. He said the state, with its strong agricultural and aqua base, plans to establish advanced food processing units on a large scale. Andhra Pradesh, ranked first in ease of doing business, is now focusing on the “speed of doing business,” he added. Inviting global investors, the Chief Minister assured pro-industry policies and full cooperation to enable rapid industrial growth and economic expansion.
Earlier, Union Minister of Commerce Piyush Goyal described Chandrababu Naidu as the architect of reforms who transformed people’s lives. He said Naidu believes in high technology and is developing plug-and-play facilities across three industrial hubs—Visakhapatnam, Orvakallu and Kopparthi. He added that CII is serving as a bridge to bring global investors and drive economic growth.
CII Director General Chandrajit Banerjee welcomed the gathering.
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