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AP will become No. 1 investment destination
\"I\'m confident that not only IT, but also electronic hardware manufacturing, automobile, agro-processing, petrochemicals hub and pharma will come. Everything will come,\" he added.
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New Delhi: Exuding confidence in his efforts to make Andhra Pradesh the most favourable investment destination, Chief Minister N Chandrababu Naidu on Thursday said his government was confident of setting up a petrochemical corridor, electronic hardware manufacturing and automobile hubs in the state. "We will build again. Everything will come as there is a lot of opportunity there. We will make it the most favourable investment destination," he told PTI on the sidelines of the India Economic Summit here. In June this year, Naidu took oath as the first Chief Minister of Andhra Pradesh after the state was bifurcated to create Telangana.
When asked how he planned to draw investments in the industrial sector in the state post-bifurcation, as many IT industries near Hyderabad have gone into Telengana, he said the government is confident of building the state's industrial fortunes again.
"I'm confident that not only IT, but also electronic hardware manufacturing, automobile, agro-processing, petrochemicals hub and pharma will come. Everything will come," he added.
Speaking at the session earlier, Naidu said that the government would ensure 24/7 power, water and fast clearances. Besides, he laid out ambitious plans to make the state a favourable investment opportunity.
"Andhra Pradesh has a 1,000 km coastline. No other state has such a large coastline. On the east coast, we have four ports and we are going to develop another 10 ports. Ultimately we want to make Andhra Pradesh a port hub and a gateway for India," he added.
On the issue of power, Naidu said the government would provide 24/7 cost effective power to the industries with dedicated feeder line for big industries. "In the last 5 months I have increased the power efficiency from 65 per cent to 85-90 per cent. We are now looking at providing 24/7 cost effective power," he said.
The Chief Minister said that if the documents provided by the interested entrepreneur or company were correct and in order, the state government would clear the proposal in 30 days.
Naidu further said that he had a unique challenge of building a new state as well as a new state capital city. He said the government would be setting up five grids in the areas of water, roads, power, gas and fibre optic networks. "All of these missions and grids were designed to interconnect the state and bring the benefits of reforms to rural areas," Naidu said. Naidu added that there is a need to communicate economic reforms as pro-public initiatives. "There is a need to communicate that economic reforms are not against the common man but actually helps them. It becomes all the more necessary to enter into a dialogue with the people to let them know how the reforms can benefit them," he added.
