AP Is Premier Investment Destination: CM

“Progressive policies are being implemented to facilitate investments from Singapore-based enterprises,” he said during an official visit to the island nation.

Naidu held discussions with the Indian high commissioner in Singapore, Shilpak Ambule. The envoy highlighted the significant recognition and respect that the ‘CBN Brand’ commands within Singapore’s government and industrial sectors.

Ambule shared insights into Singapore’s achievements in diverse areas, its robust economic growth and the effective public policies being implemented there. He also outlined the contributions and presence of the Indian community in Singapore. The envoy briefed Naidu on the strategies being adopted in Singapore across sectors such as healthcare, green hydrogen, aviation, semiconductors, ports and industrial development.

He said, “Singaporean firms are particularly interested in exploring investment opportunities in Andhra Pradesh.”

In response, the chief minister recalled the state’s earlier collaboration with Singapore on the Amaravati capital city project. “However, due to certain developments during the 2019–2024 period, Singapore had to pull itself out of the initiative. One of the objectives of my present visit is to address past misunderstandings and correct the narrative through renewed engagement,” he said.

The CM shared details of the state’s new policies aimed at attracting investments. He reiterated the state’s ambitious goal of achieving 160 gigawatts of green energy generation. He informed the high commissioner that green hydrogen projects have already been launched in Visakhapatnam (in partnership with NTPC) and Kakinada.

Naidu stated that under the India Quantum Mission, Andhra Pradesh would establish the country’s first-ever Quantum Valley in Amaravati. He also announced that global tech leader Google is setting up a data centre in Visakhapatnam.

Highlighting the state’s industrial potential, the CM pointed out that regions like Rayalaseema offer highly conducive conditions for the establishment of defence, aerospace, electronics and automobile manufacturing units. Andhra Pradesh, he said, can serve as a strategic gateway for Singaporean investments into India.

Ambule said 83 per cent of Singapore’s population benefited from public housing projects. In response, AP minister P Narayana, who is part of the CM’s tour, provided an overview of AP’s housing initiatives.

Minister Lokesh outlined the steps being taken in AP’s education sector. He discussed the presence of leading academic institutions in the state and asserted, “We are fully prepared to host additional prestigious institutions.”

Ambule said major Asia-Pacific firms headquartered in Singapore, including STT, Keppel, CapitaLand, Equinix and PSA were considering expansion in AP.

The meeting also focused on collaboration in fields such as artificial intelligence, startups, medical device research and academic partnerships between universities in AP and Singapore.

Apart from Lokesh and Narayana, the others in the CM’s tour were minister TG Bharat and senior government officials from AP.