One of the key challenges before the Andhra Pradesh Chief Minister N Chandrababu Naidu is to restore the confidence of potential investors and create an environment conducive for attracting investments into the state. His predecessor Y S Jagan Mohan Reddy’s regime was marked by the flight of capital from the state as his government’s policies were largely seen as being hostile to the industry.
Since taking over the reins of the state in June, Naidu has been reaching out to both domestic and international investors and inviting them to set up industries in AP.
As part of these efforts, the Chief Minister announced setting up a special task force to fast-track industrial development in the state. Tata Group chairman Natarajan Chandrasekaran would co-chair this task force which will comprise industry leaders, economic experts and intellectuals as its members.
The decision was announced on Friday soon after Naidu had a meeting with Chandrasekaran in Amaravati. Naidu also announced that CII in Amaravati will establish the Centre for Global Leadership on Competitiveness (GLC) with Tata Group as a partner.
“We are focussing on attracting investments to AP, and the TDP-led NDA Government has decided to constitute a special task force to provide suggestions to the government on industrial development,” Naidu said.
Officials said that several suggestions were made during the discussion, and to formulate plans to attract investments and implement the suggestions, the task force is being set up with the CM as the chairman and Chandrasekharan as the co-chairman.
“Since the state government is planning to take Andhra Pradesh to the number one position in the country by 2027, the Task Force will mainly focus on the steps to be taken to achieve this goal. The State Government also decided to establish the Centre for Global Leadership in Amaravati with the active partnership of the Confederation of Indian Industry (CII) in which the Tata company will become a partner,” the CM’s office stated.
A Tata Consultancy Service (TCS) Development Centre too will be set up in the port city of Visakhapatnam. The CM also discussed with the Tata Group Chairman on the possibilities of the expansion of Air India and Vistara Airlines in the State. Naidu also held discussions with him on establishing solar, telecommunication and food processing units in the state.
Naidu, who returned to power in the recent elections, is focussing on creating IT and electronic hubs in the state. During his Independence Day Thursday at Vijayawada, Naidu said: “I am confident that the state will get back the past glory and we are taking all possible measures to build the brand AP. Simple government, effective governance is the main motto of this government,’’ he added.
“While the central government is moving forward with its plan of Viksit Bharat-2047 the state is preparing its Vision-2047 to build Vikasitha Andhra Pradesh by 2047,” the CM said, adding that details of the Vision 2047 will be released on October 2.
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