Well Balanced and Forward Looking Budget Aimed At Fulfilling Aspirations Of People: AP CM
Naidu congratulated Prime Minister Modi and Finance Minister Nirmala Sitharaman for presenting a "well-balanced budget"
By : Pathri Rajasekhar
Update: 2026-02-01 12:40 GMT
Nellore: Chief Minister N. Chandrababu Naidu on Sunday welcomed the Union Budget, describing it as a forward-looking and balanced document that provides clear direction and momentum for growth.
The CM congratulated Prime Minister Narendra Modi and Union finance minister Nirmala Sitharaman for presenting a Budget that supports reforms and long-term development.
Addressing media in Kuppam on Sunday, he asserted that the Budget would help the AP government move more decisively in areas it has already prioritised, particularly ease of doing business, investments and employment generation. The Centre’s proposals would strengthen Andhra Pradesh’s focus on MSMEs. The Budget’s decision to provide credit guarantees for 75 per cent of MSMEs, along with the state’s additional 20 per cent support, will improve access to finance and expand the sector’s business activity.
Naidu underlined that the Budget focuses on empowerment of women, farmers and youth. It aligns with the goal of transforming India into a developed economy by 2047. He said the Union finance minister’s measures address the short, medium and long-term objectives. These would contribute to improved living standards and ease of living through better governance.
Referring to infrastructure, the Chief Minister said the proposed high-speed Hyderabad-Bengaluru, Hyderabad-Chennai and Bengaluru-Chennai rail corridors benefit the state. Regions, such as Tirupati, Amaravati, Palamaner and Chittoor will be covered, improving connectivity between major cities, including Hyderabad, Amaravati, Bengaluru and Chennai.
He said the East Coast corridor would significantly boost logistics. The allocations for inland water transport would help develop the state’s nearly 1,000-km-long coastline. He pointed out that the state has already set up a logistics corporation and that container-based logistics would further improve efficiency.
Naidu said funds have been earmarked for urban development and growth centres, which would benefit the Visakhapatnam economic corridor, Tirupati growth centre, and the Amaravati region. The Budget is supporting creation of regional medical and AYUSH hubs. Integrating these initiatives would accelerate overall growth.
On healthcare and innovation, he said the Sanjeevani project would emerge as a game changer this year, laying the foundation for biosciences and personalised medicine. He said the “One Family, One Entrepreneur” policy would create employment and livelihood opportunities across the state.
The CM said tax exemptions for data centres up to 2047 would lead to large-scale expansion, positioning India as a global data centre hub. He noted that investments are coming to Visakhapatnam, including from Google, and said Andhra Pradesh would become a key destination for next-generation technologies, such as AI, quantum computing and data centres. He revealed that Bill Gates is expected to visit Amaravati soon.
Referring to regional development, Naidu said the Budget proposes funding under the Purvodaya initiative. AP would use it to take Rayalaseema to the next level. He said Rayalaseema districts are being developed into a world-class horticulture cluster to attract reputed global firms such as DP World. He acknowledged the challenges inherited during 2019–24 and said the government will address them while moving forward with reforms and growth.Highlighting the thrust on technology, the Chief Minister expressed confidence that the budget will accelerate next-level reforms, including artificial intelligence, quantum technologies and data-driven growth. He welcomed the focus on renewable energy and the “One Nation, One Grid” approach, calling it important for sustainable development.