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Naidu Promotes Andhra Pradesh as Investment and Employment Destination

Andhra Pradesh wants more companies to invest and create jobs.

Chief Minister Chandrababu Naidu described this plan as “Build AP.”

He said the state has attracted large investment commitments and is developing projects in several industries.

These include clean energy, shipbuilding, electronics and data centres.

The government also wants to connect rivers to help address water shortages.

It plans to use technology, including artificial intelligence, to help make decisions and improve services.

Union Minister Piyush Goyal said Andhra Pradesh is important to India’s development.

He said the national government is supporting projects in the state.

Key facts

Investment secured: Naidu said Andhra Pradesh had secured investments worth ₹22 lakh crore over the past 28 months.
Summit MoUs: Naidu said MoUs worth ₹13.50 lakh crore were signed at the previous year’s Partnership Summit.
Green energy target: The state’s target is 500 GW; agreements had been signed for 110 GW of generation.
Incentives escrow account: Naidu said it would be launched on November 12 and 13 this year; the article does not specify the calendar year.
Shipbuilding proposals: Mazagon Dock Shipbuilders Limited proposed a centre at Dugarajapatnam, and Goa Shipyard agreed to set up a facility at Machilipatnam.
Central support: Naidu said the Union Government was providing financial assistance for Polavaram and Amaravati capital development and had approved semiconductor units in Visakhapatnam and other parts of the state.
Additional initiatives: The state is planning a Green Energy Transmission Corridor and developing quantum computing activities in Amaravati.

deccanchronicle.com · 2 hrs ago