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Andhra Pradesh Pitches Rs 22 Lakh-Crore Investment Pipeline

Andhra Pradesh wants more companies to build projects in the state.

Chief Minister N Chandrababu Naidu told investors that the state has attracted a large investment pipeline.

He described plans for projects in energy, technology, shipbuilding, electronics and defence.

The state also wants to make it faster for businesses to get projects moving.

Naidu said an account for industrial incentives would be launched on November 12 and 13.

He also described plans to use technology and update school learning for future jobs.

Union Minister Piyush Goyal said Andhra Pradesh can help India grow.

The state is seeking support for infrastructure and a convention centre.

Key facts

Investment pipeline: Naidu said Andhra Pradesh had secured Rs 22 lakh crore of investments in the past 28 months.
Previous summit MoUs: MoUs worth Rs 13.50 lakh crore were signed at last year’s Partnership Summit, according to Naidu.
Green energy: Agreements have been signed for 110 GW of green-energy generation against a state target of 500 GW.
Incentives mechanism: Naidu said the industrial incentives escrow account would be launched on November 12 and 13.
Major projects cited: Naidu said Google was setting up a 1 GW data centre and ArcelorMittal was establishing projects in the state.
Proposed shipbuilding facilities: Mazagon Dock Shipbuilders proposed a centre at Dugarajapatnam; Goa Shipyard proposed a facility at Machilipatnam.
Quantum computing: Quantum computing activities in Amaravati are expected to begin in February next year.

thehansindia.com · 2 hrs ago