AP Ranks Fourth in EIU’s List of Top Investment Destinations
"We are also upgrading our human capital through skill development and bringing top global and national institutions to Amaravati," said Naidu.
New Delhi /Vijayawada: Chief Minister Nara Chandrababu Naidu has said that AP attracted investments worth Rs.10 lakh crore after his government came to power in AP over a year ago.
“We have set a target of investments worth Rs.13 lakh crore next year,” the CM said while releasing a document titled, ‘Towards Swarna Andhra Pradesh@2047’ in New Delhi on Wednesday. This is a comprehensive blueprint for the state’s economic development.
Prepared by the high-level task force for economic development in collaboration with the Confederation of Indian Industry, the document outlines a transformative vision to position Andhra Pradesh as India’s top state by 2047.
Naidu said the Swarna Andhra Pradesh Vision aligned with Prime Minister Modi’s Viksit Bharat 2047 mission. “By 2047, AP would be the best state in India, meeting international standards,” he declared.
“Andhra Pradesh now ranks fourth in the EIU’s list of top investment destinations. The state has already attracted investments worth Rs.10 lakh crore, generating 8.5 lakh jobs. Three academic hubs, Visakhapatnam, Amaravati and Tirupati, are being developed to foster innovation. Amaravati will be the world’s best city to live in, with futuristic amenities,” the CM said.
“The day you join us, your project becomes our project,” Naidu told industrialists, assuring them full government support. He thanked task force chairman N Chandrasekaran and CII for their contributions and pledged to implement the recommendations.
The CM outlined India’s three key advantages: early economic reforms, demographic dividend and first- mover advantage in IT. “Today, we are the world’s fourth-largest economy, and by 2047, we will be the third-largest,” he said, crediting PM Modi for steering India’s growth. He urged stakeholders to think big and act decisively to realise this vision.
He said, “AP has strong and dynamic human resources, fertile land, and is rich in agricultural commodities, especially horticulture, aquaculture, and commercial crops. On the East Coast, we have a long coastline, where in every 50 km, we want to have a port. We are constructing airports on a large scale and developing one of the best road networks. Logistics-wise, AP will be the hub for India in the future. We are also upgrading our human capital through skill development and bringing top global and national institutions to Amaravati.”
“Our state has excellent mineral wealth. Major industries are being set up in AP. We have the talent and resources to realise our vision. By 2047, our economy will grow from 180 billion USD to 2.4 trillion. Per capita income will increase from 3,400 USD to 42,000. Exports will surpass 450 billion USD. Our population is projected to reach 5.8 crore by 2047, with a median age of 40 years, a life expectancy of 85 years, and 60 per cent urbanisation.”
“We have identified 10 principles to achieve these goals, driven by our motto of achieving zero poverty through the P4 model,” Naidu said.
He said, “By January 2026, the government of Andhra Pradesh will be starting quantum computing in the state in collaboration with IBM, TCS and L&T. America has Silicon Valley; we are developing Quantum Valley in Amaravati. Deep tech will be used to improve all aspects of good governance in the state. With the help of data and AI, the government can make the right decisions,” the CM added.
