A recent event hosted by Andhra Pradesh highlighted the state’s advantages to global business leaders. The event was attended by several dignitaries and industry leaders, who shared their insights on the state’s potential for growth and development.
During the event, Shri YS Jagan Mohan Reddy, Hon’ble Chief Minister, Andhra Pradesh, proudly mentioned that the state has received 340 investment proposals with investment of about Rs 13 lakh crore, providing employment to almost 6 lakh people across 20 sectors distributed all along the state. As a first step, they will execute 92 MoUs with 11 lakh crore.
The honourable chief minister also emphasised that the APGIS is taking place in 2023, which is an important year for India. The country is playing a key role as the leader of G-20. This throws up great opportunities for India in terms of attracting global investment and technology. The chief minister assured the delegates that Andhra Pradesh is prepared to be at the forefront of emerging growth opportunities. He also pointed out the potential of the state in the renewable energy sector and how it is blessed with a large renewable energy potential of 82.5 GW. The state has also identified and set aside dedicated land parcels for wind, solar and pumped storage projects.