Visakhapatnam will be next global IT destination: Minister Gudivada Amarnath

Hyderabad: Andhra Pradesh industries and IT minister Gudivada Amarnath said the state is heading towards becoming the best destination for investors in the country. He attended a roadshow in Hyderabad on Friday, ahead of the Global Investment Summit (GIS) 2023 which will be held in Visakhapatnam on 3 and 4 March.

Earlier this month, roadshows were conducted by the state government in New Delhi, Mumbai, Bengaluru, and Chennai. The aim was to give businesses and investors a taste of what was to come at the summit.

Speaking at the event, the minister said, “Our focus is on building Visakhapatnam as the next global IT destination. It is the only state in South India to get a Bulk Drug Park.” With a new policy coming up for 2023-2028 in the next few days, the minister said they aim to create an inclusive and balanced regional development, promote startup culture, and ensure skill development.

“We would provide a one-stop digital platform for all domestic and foreign investments through our Andhra Pradesh Single Desk Portal. The business-specific approvals for setting up of business are granted within a maximum timeframe of 21 days,” minister added.

Finance minister Buggana Rajendranath highlighted all the major corporates that have set up shop in the last few years in the state. “Andhra Pradesh is a gateway for Asian countries for all exports and imports. In the automotive sector, corporates such as Ashok Leyland, Kia, Hero, Isuzu, Apollo, Yokohama, and Bharat Forge are operating from AP,” he said.