Andhra Pradesh emerging as gateway for India’s global economic engagement: Vice-President
Visakhpatnam, Nov 13 (TNT) : Vice-President C P Radhakrishnan on Friday said Andhra Pradesh was emerging as a major gateway for India’s global economic engagement, backed by strong investor confidence, rapid industrial development and investments in advanced technologies.
Addressing the valedictory session of the 31st CII Partnership Summit here, he said Andhra Pradesh had attracted 714 investment projects involving proposed investments of over Rs 22 lakh crore since June 2024, reflecting the state’s growing economic momentum under Chief Minister N Chandrababu Naidu.
The Vice-President said the state’s vision of Swarna Andhra 2047 was aligned with Prime Minister Narendra Modi’s vision of Viksit Bharat 2047.
Investments in green energy, artificial intelligence, semiconductors, quantum technology, ports, aerospace and advanced manufacturing were positioning Andhra Pradesh as an emerging industrial and innovation hub.
Referring to the summit’s theme, ‘Navigating the New World Order – Trade, Technology and Trust’, he said geopolitical uncertainties, technological disruptions, climate change and changing global supply chains were reshaping the global economy and creating new opportunities for countries capable of adapting to the changing environment.
India aspired not merely to participate in the emerging global economic order but also to play a leading role in shaping it, he said, citing the country’s growing economic strength, skilled workforce, entrepreneurial ecosystem and expanding manufacturing and services sectors.
Highlighting the economic potential of artificial intelligence, semiconductors, quantum computing, biotechnology and advanced manufacturing, Radhakrishnan said Atmanirbhar Bharat should focus on strengthening domestic capabilities, improving competitiveness and deeper integration with global markets rather than turning inward.
He stressed that achieving the Viksit Bharat 2047 goal required the collective participation of industry, academia, entrepreneurs, young people and international partners, in line with the Prime Minister’s call for Sabka Prayas.
Calling upon stakeholders to translate the summit’s deliberations into concrete outcomes, he said partnerships should lead to shared prosperity and sustainable economic growth.
Andhra Pradesh Governor S Abdul Nazeer, Chief Minister N Chandrababu Naidu, Union Ministers Pralhad Joshi and K Ram Mohan Naidu, state Ministers Nara Lokesh and T G Bharath, CII Director General Chandrajit Banerjee and CII President-designate Suchitra Ella, among others, attended the session.
TNT KM
