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Naidu: Coalition Revives Brand Andhra, Attracts Rs 13 Lakh Crore Investments

Andhra Pradesh Chief Minister N. Chandrababu Naidu asserted that the coalition government has successfully revived 'Brand Andhra' by restoring investor confidence, contrasting it with the period from 2019-2024 which saw over 900 company closures. He highlighted securing investments worth Rs 13.25 lakh crore at a recent summit, which is projected to create 16 lakh jobs, alongside the creation of 6.28 lakh jobs in the last 20 months. The government is pursuing massive development projects, including establishing Amaravati as a Quantum Computer Valley and developing Visakhapatnam and Tirupati as key economic hubs. A landmark Universal Health Policy offering free medical services and the Sanjeevani project for digital health records are central to the administration's welfare goals.

Key Points: Naidu Credits Coalition for Reviving Andhra's Brand & Economy

  • Rs 13.25L cr investments secured
  • 6.28 lakh jobs created in 20 months
  • 913 companies shut down in previous tenure
  • Universal Health Policy up to Rs 2.5 lakh
  • Quantum Computer Valley launched in Amaravati
3 min read

Coalition govt has revived 'Brand Andhra': Chandrababu Naidu

CM Naidu says coalition govt restored investor confidence, secured massive investments, and created over 6 lakh jobs, aiming for a $2.4T economy by 2047.

"The coalition government has restored investors' confidence in the state and revived the Brand Andhra. - N. Chandrababu Naidu"

Amaravati, March 4

Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Wednesday that the coalition government has restored investors' confidence in the state and revived the Brand Andhra.

​Speaking in the Assembly, the Chief Minister said that between 2019 and 2024, the brand AP was severely damaged. According to the RBI report, 913 companies shut down

between 2019-20 and 2023-24.

He claimed that under the present coalition government, Andhra Pradesh has become the destination for rapid progress in Doing Business. With 26 policies, approvals are being granted swiftly, he said.

He stated that tourism has been accorded industrial status. Industrial parks are being set up in all 175 constituencies. The government has also released industrial incentives worth Rs 210 crore.

He created 6.28 lakh jobs in the state within 20 months. Of these, 2.48 lakh jobs were generated in MSMEs, 1.46 lakh through Skill Development initiatives, 95,000 in industries and 64,000 in the food processing sector. Additionally, 30,500 government jobs were provided through Mega DSC, police constable recruitment and other government appointments.

The Chief Minister revealed that at the recent Investors' Summit held in Visakhapatnam, investments worth Rs 13.25 lakh crore were secured, which will generate 16 lakh jobs.

He told the House that the government is working for balanced regional development. Visakhapatnam, Amaravati, and Tirupati are being developed as economic regions. Andhra Pradesh aims to become a $2.4 trillion economy by 2047. Visakhapatnam will emerge as a hub for Information Technology and Global Capability Centres (GCCs). Unprecedented investments have flowed into Visakhapatnam, he said.

To ensure the sustainability of these investments, the government has decided to create an escrow account for industrial incentives.

India's first Quantum Computer Valley has been launched in Amaravati. Just as Silicon Valley is in the US, Amaravati will become the destination for Quantum computing.

Tirupati will be developed as a hub for space, electronics, and defence industries.

The Chief Minister said for the first time in the country, a Universal Health Policy applicable to all citizens is being introduced. It will provide free medical services up to Rs 2.5 lakh. Efforts are underway to ensure affordable healthcare.

He stated that medical colleges are being constructed under the PPP model. The previous government did not even allot land for medical colleges. The current government aims to establish 100-bed hospitals in every constituency. He explained that the PPP does not mean privatisation; the assets will remain government-owned, and services will follow government regulations.

Through the Sanjeevani project, digital health records are being created for every citizen. Providing quality healthcare to all is the coalition government's objective, he said.

- IANS

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Reader Comments

P
Priya S
Quantum Computer Valley in Amaravati? That's a bold vision! If they can pull it off, it will put Andhra Pradesh on the global tech map. But we've heard big promises before. The key is execution and not letting politics derail development.
R
Rohit P
The Universal Health Policy sounds great on paper. Free medical services up to 2.5 lakhs could be a game-changer for middle-class families. But how will they fund it sustainably? Hope it's not just an election promise.
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Anjali F
Respectfully, while the numbers are big, I'm more interested in the quality of jobs. Are these permanent positions with benefits, or mostly contract work? Also, developing all three regions equally is crucial. We don't want only Vizag to prosper.
K
Karthik V
Giving tourism industrial status is a smart move. Our state has so much potential from temples to beaches. If they improve infrastructure and connectivity, it can create lakhs of jobs locally. Tirupati as a space hub is an interesting idea too!
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Michael C
As someone looking to invest in manufacturing, the swift approvals and industrial parks in every constituency are very attractive. The escrow account for incentives shows they're serious about policy stability. AP might just be the next big destination.

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