Amaravati, Oct 17 Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday invited industrialists to visit the state, saying there has never been a better time to invest here.
Naidu extended an open invitation to industrialists and investors a day after the state Cabinet approved six new policies.
“Respected industrialists and investors, Andhra Pradesh is now open with new and great policies. I invite you to invest in our state, where we have rolled out the red carpet to welcome you. A business-friendly state government, talented youth and strong infrastructure await you in Andhra Pradesh,” he wrote.
He said, “The new policy framework has been prepared on the basis of extensive consultations with industry stalwarts. The policy framework aims to promote businesses and entrepreneurial spirit in our state. We are creating the best business ecosystem in the country. I want to personally assure you that the Andhra Pradesh government will take every step to help you set up base in Andhra Pradesh and grow.”
“There has never been a better time to invest in India, there has never been a better time to invest in Andhra Pradesh. Join us in this exciting growth journey, where we can expand both the horizons of your business and the potential of our state. Look forward to meeting you in Andhra Pradesh,” he said.
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 targets to attract Rs 30 lakh crore in the manufacturing sector over the next five years. It aims to channelise investments worth Rs 5 lakh crore during the policy period. The policy targets to attract foreign direct investment of Rs 83,000 crore in manufacturing sectors and create five lakh jobs. The government will develop over 175 sector and cluster-centric industrial parks. The policy also targets doubling exports to Rs 33,200 crore.
“These policies are in line with our vision to attract investments, create jobs, promote entrepreneurship and be a leader in clean energy. Our main focus is job creation and empowering the youth of Andhra Pradesh to think globally and act globally with initiatives like One Family, One Entrepreneur,” Naidu had said after the Cabinet meeting.
