AP Secures Rs 9.89 lakh cr Of investment at CII Summit: CM Naidu

Andhra Pradesh Chief Minister Chandrababu Naidu said 303 deals that have been inked during the CII Partnership Summit will create an investment inflow of Rs 9.89 lakh crore for the state which now has a total investment of Rs 32 lakh crore.

Addressing delegates from abroad, ambassadors and government officials, the chief minister said that since Visakhapatnam has been declared as the cleanest city in the country by the Central government, guests have been greeted with shows on Andhra Pradesh’s culture and traditions like the Thimsa tribal dance.

Naidu said that the state is capitalising on opportunities in the rare earth magnet sector, steel sector, solar wafers, energy and batteries. He said that the state’s focus is on the Critical Mineral Mission, new steel policy, Solar Mission, defence self-reliance, space vision, semiconductor mission, logistics policy, quantum technology, green hydrogen and maritime sectors.

The state will set up quantum computing units and is aiming to become a manufacturer of quantum devices bearing the 'Made in Amaravati’ tag. The chief minister also announced the setting up of a Drone City to manufacture drones for civilian and defence use with drones already being used to transport medicines to remote locations.

The state will also boost its position as a global horticulture hub through investments in the food processing industry. Deals are being approved 12 times faster.

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Pavan Bandari

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I am content writer with six years of experience in entertainment and politics besides other modules as well.