Andhra Pradesh to hold 2-day global investors summit from March 3, aims to emerge big in South by 2050

Andhra Pradesh will host a two-day global investors summit from March 3 at Visakhapatnam with "a vision to make the southern state India's gateway to South East Asia by 2050" and emerge as a preferred global destination for investments.

Industries, IT, Infrastructure and Investment Minister Gudivada Amarnath said the event carried the theme ‘Advantage Andhra - Where Abundance meets Prosperity’ in line with the State’s vision of inviting global leaders to engage fruitfully on various opportunities, existing challenges, and a way forward towards mutual growth.

The minister held a high-level meeting with top officials and stakeholders on Wednesday to draw up a road map to achieve the goals. The State, he said, was blessed with a 974-km long coastline and numerous ports that have brought unique recognition to the state and make it known as “Gateway to the East”.


Andhra Pradesh, the minister added, was the only state in India to have three industrial corridors that cut across its geography and AP's robust network of highways and railways provide excellent connectivity to large consumption centers across the South and East India.

Special Chief Secretary (Industries, Infrastructure & Investments) Karikal Valavan said AP provided an excellent ecosystem to industrial units, with its large parcels of land, plug-and-play infrastructure, ample warehousing capacity, access to multiple ports, and surplus water & power.

The government will hold roadshows next month in Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, and Mumbai as part of the campaign for investments, he added.



The AP government, an official press release said, has identified 13 focus sectors for the summit for attracting sector-specific investments including Aerospace & Defence, Agri & Food Processing, Automobile & Electric Vehicles, Electronics & IT, Healthcare & Medical Equipment, Industrial & Logistics Infrastructure, MSME and Startups & Innovation, Petroleum & Petrochemicals, Pharmaceuticals & Life Sciences, Renewable Energy, Skill Development & Education, Textiles & Apparel, and, Tourism & Hospitality. The government will hold sectoral plenary sessions led by industry experts.