Ajay Piramal, Nadir Godrej, and Ashok Hinduja are invited by the government of Andhra Pradesh to participate in their prestigious global investor summit.
The delegation, which was presided over by the honourable finance minister, spoke about possible economic prospects in the state of Andhra Pradesh and how it is well-positioned to be the preferred location for investments.
The Hon. Minister stressed that Andhra Pradesh was one of the three states to secure the bulk drug park, which is set to open in Kakinada, and that this eco-system would be the ideal location for it. For its green field projects in Andhra Pradesh, the Piramal group. He also complimented Mr. Piramal for his charitable effort of providing 10,000+ women from tribal communities in the Araku valley with antenatal and postnatal care education through their CSR initiative Asara.
In the 680 sq.km of the largest PCPIR zone in the state, Godrej Industries has the opportunity to grow their chemicals business. The honourable minister praised the establishment of the 1,040 MW coal-based merchant power plant in Vizag, as well as the state’s strategy for a decarbonized economy. He also urged them to continue to look into development potential in the fields of renewable energy and clean transportation. The
state’s favourable business climate allows industries to grow. The Global Investors Summit is prominent at a time when the state is attempting to establish itself as the most appealing location for both domestic and international business groups.
The honourable minister detailed how, according to a perception poll, the state has regularly scored first for the past three years in terms of the ease of doing business and impressed up on the Andhra Pradesh’s strength in agriculture and the government’s particular focus on this sector when speaking with Mr. Nadir Godrej. He also mentioned the 10,641 RBKs (RythuBharosaKendras) Farmer Assurance Centers that were established in the state, which serve as centres to supply seed, fertiliser, and seeding to agriculture, aquaculture, and horticulture in addition to providing farmers with the most recent technology and innovation to help them increase their yield.
