Pawan rolls out red carpet for investors

Visakhapatnam: Deputy Chief Minister K Pawan Kalyan called upon investors and industrialists to invest in Andhra Pradesh with a clear vision and become partners in fulfilling both their aspirations and the state’s development goals.

Assuring investors of complete security, policy support and speedy clearances, he said the coalition government was committed to creating a business-friendly environment and ensuring that investments translated into tangible benefits at the grassroots level. Addressing the 31st CII Partnership Summit being held here, Pawan Kalyan described Andhra Pradesh as a land of immense opportunities and a promising destination for building the future. He urged investors to come forward with ambitious ideas and assured them that the State government would work like a family to facilitate their growth.

In his address, the Deputy Chief Minister highlighted Andhra Pradesh’s strategic advantages, including its 1,053-kilometre coastline, geographical position as a gateway to Southeast Asian countries, skilled human resources, innovative talent and promising young workforce. He said the government was committed to extending full cooperation to investors and ensuring that approvals were granted without unnecessary delays.

Referring to the state’s investment performance, Pawan Kalyan said the partnership between the government and industry had continued since the CII summits began in 1995. At the 2024 CII Partnership Summit, the state secured investment agreements worth Rs. 22.6 lakh crore with 714 companies, with the potential to generate 19.3 lakh jobs. At the recent CII regional summit in Kakinada, 15 MoUs were signed, attracting proposed investments of Rs. 4,256 crore and envisaging 14,000 employment opportunities.

At the ongoing 31st CII Partnership Summit, the government was working towards securing 150 MoUs involving investments of Rs 10 lakh crore, he said, describing the initiative as a major step towards accelerating the State’s economic growth and creating a prosperous future for coming generations. The Deputy Chief Minister stressed that investments should not be confined to large industrial projects and called for greater participation from micro, small and medium enterprises (MSMEs).

He particularly encouraged entrepreneurs to establish industries in rural and tribal areas, assuring them of all necessary support from the government. Industrial development, he said, should bring meaningful changes to the lives of people at the grassroots level and create new livelihood opportunities in underserved regions.

“I have only one message for industrialists. Believe in our human resources and invest in Andhra Pradesh. Invest not only in production but also in innovative ideas. Take responsibility and pledge to pursue development without damaging the environment and nature,” he said.

Civil aviation minister K Ram Mohan Naidu, ministers T G Bharath and BC Janardhan Reddy, MP M Sribharat, CII president Mukundan, CII president-designate Suchitra Ella, chief secretary G Sai Prasad and other dignitaries attended the summit.

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