Amaravati: Andhra Pradesh Chief Minister, N. Chandrababu Naidu, announced a groundbreaking investment strategy to transform the state into a global hub for green energy, artificial intelligence (AI), and industrial growth. During his recent visit to the World Economic Forum (WEF) in Davos, the CM outlined ambitious plans to attract investments totaling Rs 10 lakh crore, with a focus on green energy, green hydrogen, and deeptech innovations.
Naidu shared details of his meetings with global business leaders, including heads from companies like PepsiCo, Walmart, and civil aviation, all of whom were invited to invest in Andhra Pradesh. He emphasized the state’s vast potential, leveraging its long coastline to drive economic growth.
Significant investments were announced, including BPCL’s Rs 96,000 crore petro-chemical complex at Ramayapatnam and NTPC’s Rs 1.87 lakh crore green hydrogen project. Additionally, a steel plant near Anakapalle, worth Rs 1.35 lakh crore, is set to revolutionize the state’s economy.
Naidu expressed confidence in the state’s rapid development, citing previous successes like the HiTech City and envisioning an IT revolution in Visakhapatnam. He also highlighted ongoing projects such as the construction of a global leadership centre in Amaravati and plans to complete Polavaram by 2047.
The CM’s optimistic outlook suggests a golden future for Andhra Pradesh with ample opportunities for both local and global investors.
