Andhra Pradesh Chief Minister N Chandrababu Naidu very confidently said that the Andhra Pradesh will be seen as pioneering state in development in all sectors by 2029.
Participated in India-Australia Summit organised by CII held in New Delhi today, he said that his government is going with a vision of 7 missions, 5 Grids and 4 campaigns. Since, it is the new state, Government of India will also announce special package to Andhra Pradesh very soon.
Hence, he is sure that more investors will come forward to invest in Andhra Pradesh, he said. The state Government has announced Industrial policy and it could facilitate the investor to clear their proposals at single desk. Andhra Pradesh is having abundant Human resources and Natural resources and have wider scope for attracting more industries in to the state, he said.
Therefore, he said that it is the right time for Australian companies to look at India. Some of the areas that we can consider are energy, mining, resources, infrastructure, financial services, food security, agriculture, water management, education, tourism and health, technology and IT sector.
Taking this opportunity, Chandrababu Naidu has highlighted some of the key initiatives. The government is in the process of developing a Petroleum and Petrochemical Investment Region in between Visakhapatnam and Kakinada Region in an extent of 603 sq. kms. In the Chennai - Bangalore Industrial Corridor there is lot of scope for Mineral based Industries, Leather Training Industry, Automobile and Glass Industry he said.
While explaining about Visakhapatnam ' Chennai Industrial Corridor, he mentioned that it has the potential of attracting investment and it could benefit Petroleum, Steel, Fertilizer, Power, Minerals, Edible Oil Refineries, Automobile, Textiles, Cement, Chemical, Biotechnology and Food processing sectors.
He further mentioned that the New State of Andhra Pradesh is geared up to become the logistic hub for the country because of its strategic location advantages. The State is further expanding its Port infrastructure, Connectivity through Road, Rail and Air, besides industrial estates. The State provides immense investment opportunities for Australian players to partner with Andhra Pradesh.
Since, the State is having 950 Kms of coastline and availability of land hills of Eastern Ghats with wildlife and forests, biological diversity centers like Nallamalas, Sheachala and Sahyadri hill range, temples, Buddhist sites, and bird sanctuaries, these places have potential to attract greater investment in Temple Tourism, Eco Tourism, Adventure in Tourism sector.
The state enjoys a position of pre-eminence in respect of crop production. Andhra Pradesh is endowed with bountiful of natural resources, good fertile soil, diversified cropping patterns and major irrigation systems fed by perennial rivers. There is a mega opportunity in food processing in the state. We are promoting mega food parks for accelerating growth in the sector.
The textile and apparel industry is set to grow into a multi-billion dollar opportunity. Andhra Pradesh is the third largest cotton producer in the country. Government is aiming at promotion and developing a strong and vibrant Textile Industry in Handloom, Power loom, Textile and Apparel sectors.
Andhra Pradesh has trained and skilled manpower, research and development facilities. World-class 'Pharma City' at Parawada near Visakhapatnam with private sector participation in Pharma City. Andhra Pradesh is endowed with large number of mineral resources and it is called as a mineral store house.
The major minerals include Bauxite, Lime stone, Barytes, Sea sand, Quartz, oil and natural gas, Dolomite, Calcite, low grade iron ore etc. Based on these minerals, there is huge potential for Cement, Aluminum Refinery, Barium chemicals, Glass, Atomic Minerals, Steel and iron ore industries in the state.
The Chief Minister welcomed the Australian Government, Australian Industrialists and the Indian Diaspora in Australia to Partner with Andhra Pradesh and make it one of the best destination in the country.