ADVANTAGE ANDHRA PRADESH: STATE CALLS ON INDUSTRY TO INVEST

The Andhra Pradesh government will hold its Global Investors Summit (GIS) in its new capital Visakhapatnam on March 3-4. The summit’s theme is ‘Advantage Andhra Pradesh: Where Abundance Meets Prosperity’, which would showcase the vast business opportunities in the state

- Arjun Yadav

As a run-up to the Global Investors Summit, the Andhra Pradesh government held a curtain raiser event in New Delhi on January 31, which saw participation by diplomats of various countries, company representatives, and state and central government officials.

Andhra Pradesh Chief Minister Y. S. Jagan Mohan Reddy, at the event, announced Visakhapatnam as the state’s new capital and, alongside cabinet colleagues including Finance Minister Buggana Rajendranath and Industry Minister Gudivada Amarnath, urged the global community to take advantage of the state’s rapid industrial growth and be a stakeholder in its economic growth.

The theme for the Summit is ‘Advantage Andhra Pradesh: Where Abundance Meets Prosperity.’ Through the curtain raiser, the state officials showcased how the state is embarking on the journey towards sustainable development and inclusive growth through robust and decentralised citizen-centric governance.

Highlighting the state’s achievements in the industry, Reddy said that Andhra Pradesh is the fastest-growing state in the country with 11.43 per cent gross state domestic product (GSDP). On the Ease of Doing Business Rankings, the chief minister said the state had been ranked first for the past three years.