Andhra Pradesh's IT Minister, Nara Lokesh, has hosted an investor summit in London as part of a global outreach programme ahead of the CII Partnership Summit scheduled for November in Visakhapatnam.
The event, held at the Institute of Directors in Pall Mall, was attended by over 150 executives from firms including Ericsson, Cyient, Bank of America, Hinduja Group, and Rolls-Royce.
According to a Telugu Desam Party press release, Lokesh’s message to investors was clear: "The sunrise state of Andhra Pradesh is the best place to do business in India." He said the state had already secured investments worth ₹10 lakh crore over the last 15 months.
Highlighting Andhra Pradesh's second-longest coastline and its geographic advantages, Lokesh outlined a strategy for decentralised, cluster-driven growth. He stressed the importance of both vertical and horizontal integration, drawing parallels with the global mobile phone supply chain as a model for industrial collaboration and competitiveness. To ensure efficiency and sustainability, he emphasised clusterisation within a 100-kilometre radius, which would be supported by strong education systems, advanced research facilities, and industry-specific testing infrastructure.
Lokesh also detailed the state government's roadmap to make Andhra Pradesh a USD 2.4 trillion economy by 2047. The plan focuses on high-growth sectors such as data centres, semiconductors, renewable energy, electric vehicles, and Artificial Intelligence (AI)-led innovation.
The minister highlighted the state's unique advantage in solar, wind, and pumped storage resources, claiming that Andhra Pradesh is well-positioned to lead India's green industrial revolution with a 100 per cent renewable-based infrastructure. He assured global investors of seamless government support with fast approvals and transparent land allotments.
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