Naidu Urges Singapore Investors to Make AP Their Preferred Destination
The state currently has six operational ports and seven airports, with the upcoming Bhogapuram International Airport expected to boost global connectivity.
Vijayawada: Chief Minister N. Chandrababu Naidu has invited Singaporean investors to make Andhra Pradesh their preferred investment destination, describing the state as a model for economic growth, innovation and industrial development.
Addressing the CII partnership summit roadshow in Singapore ahead of a similar upcoming event in Visakhapatnam, Naidu highlighted AP’s investor-friendly policies, world-class infrastructure and strong economic fundamentals.
Emphasising the long-standing relationship between AP and Singapore, the CM recalled Singapore’s contributions to the development of Hyderabad during the undivided state period, and its key role in preparing the master plan for Amaravati after the 2014 state bifurcation. He noted that Singapore had designed a globally acclaimed blue-green capital city plan for Amaravati and said the state continued to collaborate closely with Singapore in urban development and infrastructure projects.
Inviting entrepreneurs to consider Amaravati and Andhra Pradesh as their “second home,” Naidu said the state has institutionalised a Speed of Doing Business model that ensures quick approvals, efficient governance and seamless project execution. He cited the example of global steel major ArcelorMittal, which secured approvals in record time and is expected to begin production and exports from Andhra Pradesh by 2028.
The CM announced that a Google Cloud AI Data Hub powered by green energy is being established in the state. Nearly 10 GW of data centre capacity is also under development, while LG Electronics is planning a `7,000-crore home appliance manufacturing facility at Sri City.
Highlighting the state’s long-term vision, the CM said the Swarna Andhra Vision 2047 aligned with India’s Viksit Bharat 2047 mission. He stressed that AP’s strengths included a coastline exceeding 1,000km, rich mineral resources, thriving agriculture, aquaculture, horticulture, tourism potential and political stability.
The state currently has six operational ports and seven airports, with the upcoming Bhogapuram international airport expected to boost global connectivity. Andhra Pradesh is also investing heavily in roads, railways, industrial corridors and sector-specific ecosystems covering electronics, aerospace, drones, defence manufacturing and space technology.
Naidu revealed plans for a fifth-generation fighter aircraft manufacturing and testing facility near Puttaparthi and reiterated the government’s commitment to green mobility and electric vehicles. He also announced plans for specialised universities in logistics, agriculture, energy and civil aviation to create an industry-ready workforce.
Positioning Amaravati as a future education, innovation and knowledge hub, the chief minister said IBM, TCS and L&T were jointly establishing a 133-qubit quantum computer in the capital city, expected to become operational by December this year. The government, he said, is also promoting innovation through the Ratan Tata Innovation Hub and plans to develop a dedicated Financial District in Amaravati.
Observing that global geopolitical shifts are increasingly directing investments towards India, Naidu said AP was emerging as a preferred destination for major projects. He urged investors to seize the opportunity and partner in the state’s growth journey.