VIZAG: In the event of the Prestigious Global Investors Summit, which is scheduled to take place in Vizag on the 3rd - 4th of March, Minister for Finance & Planning, Commercial Taxes, Legislative Affairs, Skill Development & Training, Industries, Infrastructure, Investment & Commerce; Information Technology, Sri BugganaRajendranath along with Smt. K Sunita, IAS Principle Secretary, Handlooms & Textiles and Mr. Y S R Rajeev Kumar, Head Investment Promotion, Andhra Pradesh Economic Development Board, met the top industrialists in the country and invited them to the Global Investors Summit on behalf of the Chief Minister Sri. Y S Jagan Mohan Reddy.  

The Andhra Pradesh government is fully prepared for its prestigious Global Investors Summit and is doing everything in its power to ensure a great outcome and establish the state as the preferred location for investment.

The government of Andhra Pradesh held road shows in important cities like Bangalore, Chennai, and Mumbai to entice investors and industrialists with the tremendous growth opportunities in the state of Andhra Pradesh. These road shows followed the government's successful diplomatic outreach, which was attended by 48+ diplomats, and the curtain-raiser event in Delhi, which was led by the Hon'ble Chief Minister Sri Y S Jagan Mohan Reddy.

The high-level delegation personally invited Sri. Ajay Piramal, Chairman, Piramal Group, Sri. Nadir Godrej, Managing Director, Godrej Industries, and Sri. Ashok P. Hinduja, Chairman, Hinduja Group of Companies to the Prestigious Global Investors Summit after a successful industry meet in Mumbai that was attended by 200+ top CEOs and industry representations.

The delegation, which was presided over by the finance minister, spoke about possible economic prospects in the state of Andhra Pradesh and how it is well-positioned to be the preferred location for investments.
The Honorable Minister stressed that Andhra Pradesh was one of the three states to obtain the bulk drug park, which is set to open in Kakinada. The Piramal Group will benefit greatly from this eco-system for its green field projects in Andhra Pradesh. He also complimented Mr. Piramal for his charitable effort of providing 10,000+ women from tribal communities in the Araku valley with antenatal and postnatal care education through their CSR initiative Asara.
The  Minister emphasised Andhra Pradesh's strength in agriculture and the government's particular focus on this sector when speaking with Mr. Nadir Godrej. He also mentioned the 10,641 RBKs (RythuBharosaKendras) Farmer Assurance Centers that were established in the state, which serve as centres to supply seed, fertiliser, and seeding to agriculture, aquaculture, and horticulture in addition to providing farmers with the most recent technology and innovation to help them increase their yield.

He also emphasised the chances for Godrej Industries to grow their chemical industry in the state's largest PCPIR zone, which is 680 sq. km. The minister praised the establishment of the 1,040 MW coal-based merchant power plant in Vizag, as well as the state's strategy for a decarbonized economy. He also urged them to continue to look into development potential in the fields of renewable energy and clean transportation.

The Global Investors Summit is prominent at a time when the state is attempting to establish itself as the most appealing location for both domestic and international business groups.

The minister detailed how, according to a perception poll, the state has regularly rated first for the past three years in terms of the ease of doing business and impressed with the friendly business environment the state offers for industries to develop.