AP Invites Singapore Investors, Showcases Growth Opportunities at CII Roadshow
Singapore, June 16 (TNT): Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday invited Singaporean businesses to make Andhra Pradesh their preferred investment destination, highlighting the state’s investor-friendly policies, infrastructure, and growth potential.
Addressing the CII Partnership Summit Roadshow in Singapore ahead of the upcoming Partnership Summit in Visakhapatnam, Naidu said Andhra Pradesh has emerged as one of India’s most attractive investment destinations.
The Chief Minister said Andhra Pradesh shares a long-standing relationship with Singapore and recalled its contribution to the development of Hyderabad during the undivided Andhra Pradesh era as well as its role in preparing the master plan for Amaravati after the state’s bifurcation.
“Singapore has designed a remarkable blue-green capital city plan for Amaravati. We continue to work closely with Singapore on urban development and infrastructure initiatives. Andhra Pradesh is one of the best destinations for investment, and I invite Singaporean entrepreneurs to make Amaravati and Andhra Pradesh their second home,” he said.
Naidu said the state has institutionalised a “Speed of Doing Business” model to ensure faster approvals, efficient administration and seamless project execution.
He cited the example of global steelmaker ArcelorMittal, which received approvals in record time and is expected to commence production and exports from Andhra Pradesh by 2028.
He said a Google Cloud AI Data Hub is being established in the state and will be powered by green energy.
Nearly 10 GW of data centre capacity is currently being developed by various companies in Andhra Pradesh, he added.
The Chief Minister also highlighted the proposed Rs 7,000-crore home appliance manufacturing facility of LG Electronics at Sri City.
To meet future workforce requirements, the state is setting up an Operational Skill University to create industry-ready talent, he said, adding that the government is increasingly relying on data-driven governance and technology-enabled decision-making.
Referring to the state’s long-term development roadmap, Naidu said Andhra Pradesh has formulated the Swarna Andhra Vision 2047 in alignment with the Centre’s Viksit Bharat 2047 mission.
Highlighting the state’s strengths, he pointed to its long coastline, rich mineral resources, tourism potential, leadership in aquaculture, horticulture and agriculture, and political stability at both the state and national levels.
The state is implementing 26 industrial policies and investing heavily in infrastructure, water management and industrial ecosystems to create a favourable investment climate, he said.
Naidu said Andhra Pradesh currently operates six ports and seven airports and that the upcoming Bhogapuram International Airport will significantly enhance international connectivity.
He said industrial ecosystems are being developed in sectors such as electronics, space technology, aerospace, drones and defence manufacturing. Plans are also underway to establish a fifth-generation fighter aircraft manufacturing and testing facility near Puttaparthi in the Rayalaseema region.
Outlining his vision for Amaravati, Naidu said the capital city is being developed as a knowledge, innovation and education hub with a strong focus on sustainability, electric mobility and renewable energy.
He announced that IBM, Tata Consultancy Services (TCS) and Larsen & Toubro (L&T) are jointly establishing a 133-qubit quantum computer in Amaravati, which is expected to become operational by December this year.
The Chief Minister said Andhra Pradesh offers significant opportunities in tourism, food processing, aquaculture, agriculture, horticulture and natural farming, and invited global investors to partner in the state’s growth journey.
He also announced plans to establish a Financial District in Amaravati to house banks, financial institutions and allied services, creating a vibrant ecosystem for investment and business growth.
TNT KS
