The Andhra Pradesh Government expects that the first Global Investors’ Summit (GIS)-2023 will receive a fantastic response from investors from India and overseas because it will be completely different from the Partnership Summits held under the previous TDP administration. They are signing MoUs with people who are genuine about investing in the state after carefully reviewing their credentials. With the majority of project proposals coming from the renewable energy sector, the government has set a target of MoUs worth Rs 2 lakh crore.
“After overcoming the hurdles brought on by the epidemic, we have established a two-pronged plan to strengthen AP’s economy. We’ll be announcing the New Industrial Policy, which will go into effect on April 1, 2023, and last for five years. to maintain consistency and stability in order to gain investors’ trust. Our main goals in looking for investments across a range of industries are to boost the economy and give young people access to jobs. In an exclusive interview with Bizz Buzz prior to GIS, Minister for Industry, Trade, and IT Gudivada Amarnath stated that the new policy places a strong emphasis on expedited project clearance to ensure their early start.
The Minister stated that the new policy will be extremely competitive and that they hope to reduce clearances by 23 departments under the single window policy in less than 21 days, adding that as part of improving Ease of Doing, most project proponents are now receiving clearances within 12 days on average. Business. He also made a suggestion that land allocation be added to the list of single window permissions to shorten the time it takes for an industry to become grounded.
Our government is committed to developing IT with a healthy startup environment because we want young people to disseminate an innovation culture. We talked about supporting startups as they grow into unicorn businesses at the World Economic Forum in Davos. The Chief Minister of Visakhapatnam has already made the decision to build a three lakh square foot startup centre at Rushikonda. A very good design will be used to construct an iconic tower. After the GIS, we will be soliciting expressions of interest for the project.
We have attracted investment totaling $ in the past three and a half years. Indian Textile Being Celebrated Of of the Rs. 1.90 lakh crore, projects worth Rs. 75,000 crore have already been launched, which is somewhat of a record. Several people are stepping forward to invest in a variety of fields thanks to the Chief Minister YS Jagan Mohan Reddy’s imaginative leadership. The majority of our investment in renewable energy has been attracted. Our attention is also directed towards industries with high job potential, such as renewable energy, port-led growth, MSME, and agriculture.
10,000 people have signed up to take part. A sizable delegation from the European Union Chambers of Commerce will be attending, along with representatives from 22 to 25 nations, including 14 ambassadors and eight to ten second-in-command foreign officials. We have confirmation from a number of leading businesspeople, including Karan Adani, Krishna Ella, Naveen and Sajjan Jindal, Sanjiv Bajaj, Mukesh Ambani, and Kumaramngalam Birla.
