AP Moving from Ease of Doing Business to Speed of Doing Business: CM
Naidu, who is on a three-day visit to the UAE, showcased Andhra Pradesh's vast investment potential across sectors and introduced 24 industry-friendly policies.
Vijayawada: Chief Minister N. Chandrababu Naidu spent the second day of his UAE tour in the capital city of Abu Dhabi on Thursday, meeting top business leaders and promoting the state’s investment potential.
Naidu said Andhra Pradesh is moving from “Ease of Doing Business” to the “Speed of Doing Business,” underscoring the government’s focus on efficiency and innovation. The state has abundant opportunities for investments in petrochemicals and oil sector, he said.
In meetings with representatives of oil companies, the CM explained to them about the opportunities in the state. He proposed a working group for coordination between technology companies in the UAE and Andhra Pradesh.
On Thursday, Naidu met Abu Dhabi National Oil Company (ADNOC) global trading representative Ahmed Bin Thalit at the Al Maryah island in Abu Dhabi and explained to him the opportunities for investments in petrochemical, oil, LNG, gas processing, port logistics and green energy sectors in Andhra Pradesh.
He said the regions surrounding Krishnapatnam, Machilipatnam, Ramayapatnam and Kakinada ports are more suitable for investments in petroleum products. Following this, the two sides decided to prepare a road map for technical cooperation between ADNOC and Andhra Pradesh.
Later, the CM met Abu Dhabi Chamber of Commerce chairman Ahmed Jasim Al Zaabi and G42 International CEO Mansoor Al Mansoori and discussed with them about the Ease of Doing Business, and Speed of Doing Business opportunities in Andhra Pradesh.
Naidu said the services of a quantum computer would be available in Amaravati from January. He invited them to the Visakha CII partnership summit.
Participating in a luncheon meeting with industrialists in Abu Dhabi, the Chief Minister explained his aim to make AP a technology destination. He explained the opportunities available for investments in data centres, Artificial Intelligence, machine learning, fintech, health tech, cloud computing and digital governance in Andhra Pradesh.
Naidu said the innovation ecosystem would be further strengthened in AP with help from the Ratan Tata Innovation Hub.
G42 CEO Manukumar Jain, Abu Dhabi Investment Council (ADIC) global head Lalit Agarwal, IHC CEO Ajay Bhatia, Wio Bank CEO Jayesh Patel, Polygon Morphic CEO Jayanti Kanani, Trukker CEO Gowrav Biswas, Policy Bazaar CEO Yashis Dhiya, Insurance market CEO Avinash, Inshorts CEO Azar Iqubal, GII CEO Pankaj Gupta, Noon CEO Faraz Khalid, Inception CEO Ashish Koshy and others participated in the discussions.
Ministers B.C. Janardhan Reddy, T.G. Bharath and state Economic Development Board officials were present.
