Amaravati: Ahead of the Global Investors Summit 2023, Andhra Pradesh held the Investors Meet in Chennai. A roadshow was held in Chennai to apprise investors about Andhra Pradesh’s abundance. Setting the tone for the meeting, Andhra Pradesh finance and Legislative Affairs minister Buggana Rajendranath said, “We are leveraging our geographical advantage of being in proximity to the city of Chennai. It is one of the top industrialised states in the country and has been at the forefront of industrial development for the past few decades.” He addressed Tamil Nadu as a “sibling state.”
“Andhra Pradesh and Tamil Nadu have a very strong foundation with their diversified portfolios of economic activity and can grow together for sustainable growth,” said Mr. Rajendranath.
The minister also pointed out that there are various sectors where both states can work hand-in-hand like agriculture, maritime, infrastructure, green energy, logistics, tourism, etc. “We can collaborate in traditional sectors such as automobile, textiles, chemicals and petrochemicals, engineering; strong maritime infrastructure; renewable energy; social infrastructure such as education and health; as well as focus on modern forward-looking sectors such as IT, global capability centers, data centers, emerging technologies, Defence and electric vehicles,” he added.
“Andhra Pradesh is hardwired to lead the Indian growth story and we want investors to take advantage of the opportunity and be a part of this journey,” he said and added, “We are providing 48,352 acres of land bank for industrial development.”