Piyush Goyal praises Naidu’s visionary leadership, says AP shifting from Ease to Speed of Doing Business
Addressing the inaugural session of the 31st CII Partnership Summit here, Goyal said the event was opening new opportunities for the growth of India’s industry, trade and commerce by bringing together industrialists, ambassadors and delegates from across the world.
Describing Naidu as a leader ahead of his time, Goyal said he had recognised the potential of emerging technologies such as Artificial Intelligence and Quantum Technology much before they gained global prominence.
While the world was discussing Ease of Doing Business, Andhra Pradesh was moving towards “Speed of Doing Business”, he said, referring to the state’s initiatives to accelerate industrial clearances and ensure timely delivery of incentives.
The state had introduced an escrow account mechanism to ensure timely disbursement of industrial incentives and strengthen investor confidence, he added.
Goyal said Naidu had inherited a state burdened with huge debts and a damaged administrative system when he assumed office in 2024.
Despite the challenges, he had rapidly rebuilt the state, streamlined governance and improved its investment climate.
The government was now focusing on “Speed of Delivering Governance”, he said, adding that Naidu and Prime Minister Narendra Modi were working together to accelerate the country’s development, much like the characters representing water and fire in the film RRR.
Referring to prevailing global crises, uncertainties and intense competition, Goyal said India continued to be a trusted and reliable destination for investors.
Recalling India’s long tradition of welcoming overseas investments, he cited inscriptions issued by Kakatiya ruler Ganapati Deva assuring foreign investors of their security and confidence.
He said India’s skilled youth were making a significant contribution to economic growth and showcasing their capabilities across the world.
Goyal said Visakhapatnam was transforming from a Steel City into a Silicon City, while Orvakal and Pudimadaka were emerging as green energy hubs.
Assuring investors of the government’s commitment to protecting intellectual property rights, he said the Centre was extending full support to industries to manufacture high-quality products at competitive costs and with greater speed.
Inviting investors to explore opportunities in manufacturing, tourism and other sectors, Goyal said Andhra Pradesh offered immense potential, backed by its rich cultural heritage and economic prospects.
Quoting Sri Krishnadevaraya’s observation that Telugu was the sweetest of all languages, he invited investors to invest in Andhra Pradesh and become partners in its growth.
TNT KM
