Andhra Pradesh to avail long coastline for $ 2.4 trillion economy by 2047

Amaravati, 30 September (IANS) to get a $ 2.4 trillion economy as part of Swarnandhra Vision 2047, the Andhra Pradesh government said on Tuesday that there are plans to avail its 1,000 km beach by developing ports or ports every 50 km.

He was speaking at a curtain-razor event in Delhi for the 30th CII Partnership Summit to be held in Visakhapatnam on 14-15 November.

Inviting the global industry leaders at the summit, he told them that Andhra Pradesh is endowed with unique benefits, including a long beach, an investment-friendly atmosphere, which includes an investment-friendly environment and technically skilled youth forces with pro-industry policies.

He said that under Vision 2047, priority areas include logistics, deep technology, product perfection, space city, electronics, drones and aerospace hubs.

A quantum valley will also be developed in Amravati, where a quantum computer will start functioning by January 2026, with full scale production starting within two years.

Praising Prime Minister Narendra Modi as the right leader at the right time, he said that India is experiencing rapid industrial development.

The Chief Minister said that Prime Minister Modi has set a target of 500 GW in the renewable energy sector, while Andhra Pradesh has set its target at 160 GW. He said that the state is planning to establish large -scale advanced food processing units, with its strong agriculture and aqua base. Andhra Pradesh, easily finished in trade, is now focusing on “the speed of doing business”, he said.

Inviting global investors, the Chief Minister assured industry-supporting policies and full cooperation to enable rapid industrial development and economic expansion.

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Addressing the event, Union Commerce Minister Piyush Goyal described Chandrababu Naidu as a architect of reforms, who changed the lives of people. He said that Naidu believes in high technology and is developing plug-end-play facilities in three industrial hub-wisdom, Orvakallu and Koprthi. He said that CII is serving as a bridge to bring global investors and run economic development.

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MS/UK