State to become preferred Investment Destination

Andhra Pradesh’s Minister of Industries, Commerce and Food Processing, GoAP Mr. T.G. Bharath recently held an interactive meeting with CXOs and senior executives of industries operating in Sri City wherein he spoke about the newly launched Andhra Pradesh’s Industrial Policy 4.0.

The policy, he said crafted under the visionary leadership of Chief Minister Mr. N. Chandrababu Naidu, aims to position Andhra Pradesh among the top global investment destinations, targeting to attract Rs 30 lakh crore investments and over $10 billion foreign investment during the next five years. 

Mr Bharath articulated the government’s vision of building a globally competitive Andhra Pradesh that champions innovation and international collaboration while fostering sustainable industrial development. The minister actively sought industry feedback, recognising the crucial role of business insights in policy refinement.

He identified some of the key areas of focus to be MSMEs, electronics, food processing, clean energy, and industrial parks.

Following Minister’s remarks, Dr. N. Yuvaraj, IAS, Secretary, Industries and Commerce, GoAP provided an in-depth overview of the policies, focusing on initiatives like the ‘Speed of Doing Business’ for streamlined processes, investor-friendly approach, advanced infrastructure plans with industrial parks, and sector-specific incentives.

Dr.  Yuvaraj reiterated the government’s dedication to making Andhra Pradesh the preferred choice for global investors with appropriate interventions to reduce cost of production and to increase speed of doing business.

Dr. Ravindra Sannareddy, Founder Managing Director, Sri City  said “This initiative highlights the government’s proactive approach in positioning the state as a prime destination for global investment.” 

The Minister and the Industries Secretary toured the industrial and also visited Daikin India’s production facility.