Andhra Pradesh’s next wave of growth will be driven by mega infrastructure projects: Andhra Pradesh Government
Andhra Pradesh‘s successful Investors Meet in Chennai, held ahead of its Global Investors Summit 2023 offers to improve logistics performance by developing five Multi Modal Logistics Parks as well as ready-built infrastructure to shorten the time required to set up new facilities.
Chennai, 17th February 2023: The State of Andhra Pradesh and Tamil Nadu have a very strong foundation with their diversified portfolio of economic activity and can grow together for sustainable growth said the Honourable Minister for Finance, Planning, Commercial Taxes, Skill Development, Training, Legislative Affairs, Government of Andhra Pradesh, Shri. Buggana Rajendranath, at the very successful Investors’ Meet at Chennai today.
“We are leveraging our geographical advantage of being in proximity to the city of Chennai. It is one of the top industrialized states in the country and has been at the forefront of industrial development for the past few decades, said Shri. Rajendranath, addressing Tamil Nadu as ‘a Sibling State’.
The Honourable minister also pointed out that there are various sectors where both the states can work hand-in-hand like agriculture, maritime, infrastructure, green energy, logistics, tourism, etc. “Tamil Nadu is one of the top industrialized states in the country and has been at the forefront of industrial development for the past few decades due to strategic advantage that they had. We can collaborate in traditional sectors such as automobile, textiles, chemicals & 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 said.
“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. “We are providing 48,352 acres of land bank for industrial development,” he added.
The state of Andhra Pradesh is showcasing its rich natural resources, large investments in infrastructure, land bank, and intensive reforms in rules and regulations at a successful investors meeting in Chennai. These efforts, taken together, position Andhra Pradesh as the state where abundance meets prosperity. The event is one of many such meets being organised in the run-up to the Global Investors Summit on March 3 rd -4 th 2023 in Visakhapatnam.
He also added that in the last 3.5 years, the state has appr