Santosh Patnaik Amaravati

Makinga strong pitch for investments in various sectors in Andhra Pradesh, Chief Minister N Chandrababu Naidu on Tuesday invited Singapore business men to make the State their preferred investment destination.

He highlighted the State's investor-friendly policies, abundant resources and world-class infrastructure. Addressing the CII Partnership Summit Roadshow in Singapore ahead of the upcoming summit to be hosted in Visakhapatnam, the Chief Minister described Andhra Pradesh as a model State for investment and economic growth. He said Andhra Pradesh enjoys a long-standing and productive relationship with Singapore. He recalled Singapore’s contribution to the development of Hyderabad during the undivided Andhra Pradesh era and its pivotal role in preparing the master plan for Amaravati after State bifurcation.

“Singapore has designed a remarkable blue-green capital city plan for Amaravati. We continue to work closely with Singapore on urban development and infrastructure initiatives. Andhra Pradesh is one of the best destinations for investment, and I invite Singaporean entrepreneurs to make Amaravati and Andhra Pradesh their second home,” he said.

The Chief Minister emphasised that Andhra Pradesh has institutionalised “Speed of Doing Business” model that ensures rapid approvals, efficient administration and seamless project execution.

He cited the example of global steel giant ArcelorMittal, which received approvals in record time and is expected to commence production and exports from Andhra Pradesh by 2028.

Naidu also said a Google Cloud AI Data Hub is being established in the State and will be powered by green energy.

According to the Chief Minister, nearly 10 GW of data center capacity is being developed by various companies in Andhra Pradesh. He also highlighted the proposed Rs 7,000 crore home appliance manufacturing facility by LG Electronics at Sri City.

To address future workforce requirements, the State is establishing an Operational Skill University to create industry-ready talent. He added that the government is increasingly relying on data-driven governance and technology-enabled decision-making to improve citizen services and economic outcomes.

Referring to the State’s long-term development strategy, Naidu said Andhra Pradesh has formulated the Swarna Andhra Vision 2047, aligned with India’s Viksit Bharat 2047 mission.“

India is rapidly emerging as a global economic power and Andhra Pradesh will soon become one of its key economic engines,” he said.

The Chief Minister highlighted the State's strengths, including its long coastline, rich mineral resources, tourism potential, leadership in aquaculture, horticulture, agriculture and services, as well as political stability at both the state and national levels. He noted that Andhra Pradesh is implementing 26 industrial policies to create a favorable investment climate and is investing heavily in infrastructure, water management, and industrial ecosystems. The State’s abundant land and water resources, supported by the Krishna and Godavari river systems, provide a strong foundation for industrial growth. Naidu said Andhra Pradesh is pursuing a vision of transforming every family into an entrepreneurial unit through the One Family–One Entrepreneur initiative. The government is also focused on improving product quality standards, particularly among MSMEs.