Andhra Pradesh Government to Host Investment Drive in Chennai, Ahead of Global Investment Summit 2023

The summit is intended to highlight the formidable industrial base, well-established presence of MSMEs and start-ups, and overall investor-friendly environment of the southern state. With its sizeable manufacturing base, impressive infrastructure, business-friendly policies, and skilled and talented young population, Andhra Pradesh is widely recognized as a key player in the Indian economy.

The GIS will offer a deep dive into critical sectors such as IT, Manufacturing, Pharmaceuticals, Automobiles, Tourism, and Energy. The conference will provide a chance to network and engage with key investors, influential industry leaders, and government officials, with attendees having ample opportunity to explore the diverse range of investment prospects available throughout the state.

Andhra Pradesh is well-known for its large manufacturing base, excellent infrastructure, business-friendly environment, and pool of talented, skilled young people. The state has consistently ranked first in Ease of Doing Business (EoDB) for the last three years, which is significant given that this survey is based on stakeholders feedback. According to the numbers released thus far, it has the highest double-digit GSDP growth rate in the country in 2021-22, at 11.43 percent. It also has maritime infrastructure, as it is gateway to Southeast ASIA, with 974 km of coastline, the second longest in the country, 6 airports, 6 existing ports, and 4 upcoming ports. It has a favourable business environment and industry-focused policies, as well as a proactive government guiding the state.

Three of the countrys eleven industrial corridors are being built almost cutting across the state covering more than 80% of the districts. To name a few, the state has received the LEADS award for logistics 2022, the Enertia Award for Energy 2022, the ET award for port led, and the infrastructure project 2022.