Global Investors Summit: Andhra set to roll out red carpet for 4,800 delegates

Andhra Pradesh By SNV Sudhir and Pavan Korada March 1, 2023 Read the article

From homegrown billionaires like Mukesh Ambani to global tech honchos like Tesla Inc co-founder Martin Eberhard, Visakhapatnam will host 4,800 delegates.

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The delegates, from some 25 countries, are coming to Andhra Pradesh for the Global Investors Summit (GIS) on 3 and 4 March.

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The YSRCP government was receiving flak for ignoring development by focusing only on the welfare agenda for obvious political reasons.

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With Lok Sabha and Assembly elections barely 14 months away, the GIS is being seen as a major shift by Chief Minister YS Jagan Mohan Reddy’s government towards development.

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The government is expecting at least ₹1.7 lakh crore investments during the conference, something that will blunt the attacks on its welfare focus.

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The government has identified 14 focus areas including Automobile & Electric Vehicles, Electronic & IT, Aerospace & Defence, and Tourism & Hospitality.

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Union Ministers Nitin Gadkari, G Kishan Reddy, Piyush Goyal, Sarabananda Sonowal, and Rajeev Chandrasekhar have confirmed their participation.

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In one of the road shows held in Delhi, Chief Minister Jagan Mohan Reddy himself participated. A few roadshows were also held outside India.

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The state achieved first rank in the Ease-of-Doing Business (EoDB) for three years in succession, and is the fastest-growing state in the country with a GSDP of 11.43 percent.

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CEOs of companies like Toray, Kia Motors, Cadbury, Saint Gobain and Apache spoke about the advantages of setting industries in AP.

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