New Delhi: Detailing the various advantages of investing in the plug-and-play industrial ambience of fast-growing Andhra Pradesh, Chief Minister Y.S. Jagan Mohan Reddy called upon global nations to invest in the state and be part of its economic growth.
Addressing the International Diplomats Alliance Meet at New Delhi on Tuesday, the Chief Minister exhorted them to participate in the Global Investors Summit (GIS) scheduled to be held at Visakhapatnam on 3 and 4 March. “Here I am to invite you to Visakhapatnam which is going to be our capital in the days to come. I myself would also be shifting over to Visakhapatnam in the months to come. Andhra Pradesh has emerged as one of the fastest-growing states, registering 11.43% GDP (2021-22) which is the highest in the country so far. Come visit our state and experience the journey,” said Jagan.
Diplomats of various countries, company representatives, and officials of the state and Central governments participated in the curtain raiser for the GIS.
Elaborating on the facilities and resources available in the state for industrial growth, Jagan said that out of the 11 industrial corridors being developed by the Centre across the country, AP shares space for three—Hyderabad to Bangalore, Visakhapatnam to Chennai, and Chennai to Bangalore.
“AP has achieved number one rank in the Ease of Doing Business (EoDB) and also retained it for the third successive year. I also assure you that in case of any problem, we are just a phone call away,” Jagan said. He underscored the fact that the availability of various industrial clusters like textile, cement, medical, renewable energy, food and automobiles would offer plenty of opportunities for industrialists to make investments in the state and grow their businesses besides providing employment to the youth.
Earlier, CEOs of companies like Toray, Kia Motors, Cadbury, Saint Gobain, and Apache spoke about the advantages of setting industries in AP and appreciated the government’s efforts in extending cooperation.
The dignitaries also watched “Advantage Andhra Pradesh” presented by the government on the 360-degree advantage it has in every sector.