India Europe Business Partnership Roundtable: CM Naidu hardsells Andhra to investors
Andhra Pradesh is also planning to develop a space city
By - Newsmeter Network
Visakhapatnam: Hardselling Andhra Pradesh to investors, Chief Minister N Chandrababu Naidu today said the state is a gateway to India’s market with abundant opportunities in various sectors.
Participating as a chief guest at the India Europe Business Partnership Roundtable organized here today as part of the day CII partnership summit, the Chief Minister said Visakhapatnam is emerging as a global IT hub with Google setting up an AI data centre with an investment of USD 15 billion. He said submarine cables will be laid connecting Singapore.
“Andhra Pradesh has been promoting industries in a big way. As part of the speed of doing business, we are clearing applications within 45 days,” he said.
The Chief Minister said Premier Energy got clearances within 45 days with a single phone call. Likewise, Reliance is setting second-largest brewery. With clearances within a month, it plans to start production from February.
The Chief Minister said that the state government is going to develop a drone city for both civil applications and the defence sector.
Andhra Pradesh is also planning to develop a space city. This follows Prime Minister Narendra Modi’s endeavour to promote space technology in the private sector,
"Andhra Pradesh is strong in the energy sector. We produce solar, wind, and pumped storage power. Andhra Pradesh is going to emerge as a green energy hub. While India has set a target to produce 500 GW in green energy, Andhra Pradesh decided to produce 160 GW,” he said.
Andhra Pradesh is strong in several sectors, including AI, Data centre, Space, drones, electronics, aero space, and semiconductors. After the Centre announced a quantum computing policy, Andhra Pradesh decided to develop the Quantum Valley in
Amaravati and confident that a quantum computer will be produced in AP in two years.
Praising Prime Minister Narendra Modi, the Chief Minister said India has the advantage of a stable government. He appealed to global investors to come and invest in Andhra Pradesh.
Earlier, welcoming the gathering Director General, Confederation of Indian Industry, India Chandrajit Banerjee praised Chief Minister Chandrababu Naidu for his visionary outlook and commitment to the economic development of both India and Andhra Pradesh.
Dignitaries, including Gevorg Papoyan, Minister of Economy, Republic of Armenia, R Mukundan, President Designate, CII and MD and CEO of Tata Chemicals Limited, Ms Clemence Kopeikin, Chief Impact Officer, FyrstGen Holding Limited, Switzerland, Bertram Lohmuller, Professor, kSDG Technology transfer and leadership, Export-Akademie Baden-Wurttemberg, Germany, Amit Kalyani, Chairman, CII Europe council and Vice Chairman, and Jt Managing Director Bharat Forge Limited, India, were present.
It may be noted that India and Europe are witnessing significant growth across sectors, including renewable energy, technology, and smart manufacturing. Both India and Europe have committed to contributing and collaborating to advance the green shift through collaboration to accelerate the green transition and enhance the joint green funding mechanisms.
