“We would use technology in all walks of life”
VIJAYAWADA: Chief Minister N. Chandrababu Naidu has said AP treats investors as “partners in progress” and “our goals are to achieve a 2.4 trillion dollar economy and a 43,000 dollar per capita income by 2047.”
“We welcome all investors to make AP their investment destination,” Naidu said while inaugurating the ‘Investopia Global Andhra Pradesh 2025’ here on Wednesday.
Several MoUs were exchanged between the state economic development board and Investopia.
The Chief Minister praised the UAE’s remarkable vision and execution, especially in transforming Dubai into one of the most livable cities in the world. He also appreciated the leadership qualities of its minister of economy and tourism, Abdulla Bin Touq Al Marri.
Naidu stated, “I treat investors as contributors in nation-building as they are very important for wealth creation. They are our partners in progress. AP has unique advantages of having a long coastline, ports, airports, a strategic location, and rich natural resources like fertile land, green cover, water, wind, and solar energy. I welcome all investors to make AP their investment destination.”
“God has blessed me with the opportunity to create two capital cities in a lifetime. It is our promise that we will grow mutually and complete all the projects within time,” he said.
The Chief Minister said, “I met Abdullah Bin Touq Al Marri in January in Davos during the World Economic Forum, and requested him to visit AP. He kept his promise, and today we are here. The progress achieved by UAE and Dubai is commendable. They started Internet City while I started Hitec City in Hyderabad. Their vision and execution are doing extremely well.”
“India and the UAE have excellent relations. Nearly 38 per cent of the UAE’s population is Indian. They are providing opportunities and we are contributing to their growth. The world is watching India now. India has the advantage of a demographic dividend for at least the next 20 to 25 years," he said.
Naidu said, “This is a wonderful time for strengthening ties between our nations. In the year 2024-25, trade worth 100 billion dollar was done between India and the UAE, and trade worth 1.5 billion dollar was done between AP and the UAE. We are witnessing very inspiring times, and AP has an ambitious development vision.”
The CM announced, “We are focusing on AI and quantum computing. With the collaboration of IBM, TCS, and L&T, we are establishing Quantum Valley in India, in Andhra Pradesh. The quantum computing operations will start in AP by January 1, 2026. If America has Silicon Valley, India will have Quantum Valley in Amaravati. We are going to use technology in all walks of life,” said the CM.
State food processing minister TG Bharath, chief secretary K Vijayanand, president designate, CII, and MD & CEO, Tata Chemicals R Mukundan, Lulu International chairman and MD Yussuf Ali MA were present among others.
