What is Andhra Pradesh's plan for industrial growth?

Andhra Pradesh Chief Minister N. Chandrababu Naidu has announced plans to develop Sri City as a model international industrial hub, allotting 6,000 acres of land and attracting companies from 50 countries to provide employment opportunities for 150,000 youth.

How much has Andhra Pradesh invested in the past 18 months?

According to Naidu, Andhra Pradesh has attracted investments totaling $22 trillion in the past 18 months, making it a thriving industrial powerhouse.

What other industrial corridors is Andhra Pradesh developing?

In addition to Sri City, the state government is working on creating dedicated corridors for aerospace, defense, and space-related industries in the Rayalaseema region, further diversifying its industrial landscape.

Home / Business and Economy / Andhra Pradesh Transforms into $22 Trillion Industrial Powerhouse

Andhra Pradesh Transforms into $22 Trillion Industrial Powerhouse

15 Nov

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Summary

Andhra Pradesh attracts $22 trillion in investments over 18 months
Sri City to host companies from 50 countries, employ 150,000 youth
Andhra CM Naidu announces plans for aerospace, defense corridors

Andhra Pradesh Transforms into $22 Trillion Industrial Powerhouse

In a significant development, Andhra Pradesh has transformed into a thriving industrial powerhouse, attracting a staggering $22 trillion in investments over the past 18 months. According to Chief Minister N. Chandrababu Naidu, the state has witnessed a remarkable surge in investment activity, with companies from 50 countries set to establish operations in the Sri City industrial hub.

The Chief Minister announced the allotment of 6,000 acres of land to develop Sri City as a model international industrial hub, which is poised to provide employment opportunities to 150,000 youth. During the 30th CII partnership summit, Naidu virtually laid the foundations for Raymond projects and inaugurated five new projects in Sri City, while also participating in the signing of several Memorandums of Understanding (MoUs) with companies looking to set up their units in the region.