Andhra Pradesh: A Thriving Hub for Global Investments

Andhra Pradesh is fostering an environment ripe for investments with favorable policies and infrastructure. Minister Nara Lokesh emphasized the state's rapid progress under Chief Minister Naidu, highlighting its potential as a hub for startups and industries. The state promotes diverse sectors including IT, renewable energy, and aquaculture.

Andhra Pradesh is positioning itself as a premier destination for global investments, bolstered by investor-friendly policies and a comprehensive infrastructure network, according to Minister for Education, IT, and Electronics, Nara Lokesh.

During discussions with the US-India Business Council and Indiaspora, Minister Lokesh underlined the state's swift advancement under the direction of Chief Minister Chandrababu Naidu. He outlined plans to transform Andhra Pradesh into a focal point for startups and manufacturing, supported by a revitalized Economic Development Board aimed at streamlining industry approvals.

As part of the state's decentralized development strategy, specific industries are targeted for growth across various regions, including automobiles in Anantapur and renewable energy in Kurnool. An AI University is also planned to advance global expertise. At the meeting were notable business leaders such as Zscaler's Kavita Mariyappan and QuantumScape CEO Shiva Shivram.

(With inputs from agencies.)