1 week ago

Andhra Pradesh Courts Investors for $2.4 Trillion Economy

Andhra Pradesh wants more companies to build factories and businesses there.

Minister T G Bharath invited investors to explore opportunities in the state.

The government says it will help companies get approvals and set up projects.

It also promises roads, ports, energy and other infrastructure.

Andhra Pradesh hopes to become a $2.4 trillion economy by 2047.

The state is encouraging investment in areas such as electric vehicles, electronics and renewable energy.

It plans to reach 160 gigawatts of renewable energy capacity by 2030.

Leaders will meet investors at a Partnership Summit in Visakhapatnam on November 12 and 13.

Key facts

Economy target: Andhra Pradesh aims to become a $2.4 trillion economy by 2047.
Vision: The target is part of the Swarna Andhra 2047 vision.
Coastline: The state has a 1,053-kilometre coastline.
Renewable energy target: The government is targeting 160 gigawatts of renewable energy capacity by 2030.
Promoted sectors: Electric vehicles, electronics, advanced manufacturing, life sciences, food processing, renewable energy, green hydrogen and green ammonia.
Upcoming summit: The Partnership Summit is scheduled in Visakhapatnam on November 12 and 13.
Government support: The state says it will provide timely clearances, quality infrastructure and continued support for investors.

thehansindia.com · 1 week ago