san francisco : Education, IT and Electronics Minister of Andhra Pradesh is on America tour these days. During his tour, Lokesh is making every effort to increase investment in Andhra Pradesh. He said that his state has a better and favorable environment for investment with favorable policies for investors, extensive coastline and well-developed road, water and air connectivity. Due to which this is the best time to set up operations for a new business. Let us tell you that Nara Lokesh has also met representatives of America-India Trade Council and Indiaspora here.
On this occasion, Lokesh said that under the leadership of Chief Minister Chandrababu Naidu, Andhra Pradesh is rapidly moving towards development. He said that Andhra Pradesh is going to become a center of startups and manufacturing in the coming days. He said a conducive ecosystem for industry development is being developed and the Economic Development Board has been revived to streamline approvals without delays.
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Aquaculture Industry
Lokesh has said that under decentralized development, we have decided to promote automobile sector in Anantapur, renewable energy in Kurnool, IT, pharmaceuticals and medical equipment manufacturing in Visakhapatnam, bio fuel in Prakasam and aquaculture industry in Godavari districts.
business friendly environment
He has said that the construction of Amaravati capital city will soon be started using advanced technology. We are also setting up an AI University to train global experts. Minister Lokesh while inviting investment in Andhra Pradesh highlighted the business-friendly environment of the state.
$300 investment
Lokesh had recently informed on social media platform that Tata Consultancy Services i.e. TCS is going to set up an IT service in Andhra Pradesh, in which 10,000 employees will work. Lokesh also informed in the program that 300 billion dollars are being invested in data centers at the global level. The aim is to attract 100 billion dollars out of this to India, in which Andhra Pradesh will get the maximum investment.
(with agency input)
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