Amravati, October 17 (IANS). Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday invited industrialists to come to the state, saying there has never been a better time to invest here.
A day after the state Cabinet approved six new policies, Naidu extended an open invitation to industrialists and investors.
He wrote, “Respected industrialists and investors, Andhra Pradesh is now open with new and wonderful policies. I invite you to invest in our state, where we have rolled out the red carpet to welcome you. Andhra Pradesh A business-friendly state government, talented youth and strong infrastructure awaits you in India.”
He said, “The new policy framework has been prepared based on extensive consultation with industry leaders. The policy framework aims to promote businesses and entrepreneurial spirit in our state. We aim to create the best business ecosystem in the country.” I would like to personally assure you that the Andhra Pradesh government will take every step to help you set up and grow in Andhra Pradesh.”
He said, “There has never been a better time to invest in India, there has never been a better time to invest in Andhra Pradesh as well. Join us in this exciting growth journey, where we will expand your business horizons and our We can expand both the capacities of the state. Looking forward to meeting you in Andhra Pradesh.”
The Cabinet meeting chaired by the Chief Minister on Wednesday approved policies for industrial development, MSME and entrepreneur development policy, food processing, electronics, private parks and integrated clean energy.
The industrial policy aims to attract Rs 30 lakh crore to the manufacturing sector during the next five years. It aims to trigger investments worth Rs 5 lakh crore during the policy period. The policy aims to attract foreign direct investment of Rs 83,000 crore in manufacturing sectors and create five lakh jobs. The government will develop more than 175 areas and cluster-focused industrial parks. The policy also aims to double exports to Rs 33,200 crore.
Naidu had said after the cabinet meeting, “These policies are in line with our vision of attracting investment, employment generation, promoting entrepreneurship and being a leader in clean energy. Our main focus is employment generation and providing the youth of Andhra Pradesh with a family, “To empower one to think globally and act globally with initiatives like Entrepreneur.”
–IANS
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