Andhra Pradesh Pioneers 'Speed of Doing Business'

Andhra Pradesh is shifting focus from ease to speed of doing business, successfully closing a deal with TCS for a Visakhapatnam campus in 90 minutes. Minister Nara Lokesh emphasizes reengineering business processes for seamless governance and targets significant investments, competing with global markets.

The Andhra Pradesh government is pioneering a new approach to attract investments, emphasizing the 'speed of doing business'. This strategy swiftly secured a deal with Tata Consultancy Services to set up a campus in Visakhapatnam within just 90 minutes, according to Minister Nara Lokesh.

At a recent ITServe Alliance Synergy Conference in Las Vegas, Lokesh highlighted the state's commitment to reengineering business processes under Chief Minister N Chandrababu Naidu's regime. The goal is to streamline governance, minimizing the role of officials and politicians, and delivering seamless governance directly to the public.

Lokesh revealed plans to position Visakhapatnam as a hub for IT investments, describing it humorously as a mix between Bangalore and Goa. The state aims to capture a significant share of the $300 billion global investment in data centers, striving for $100 billion in investments funneled to India, with Andhra Pradesh at the forefront.

(With inputs from agencies.)