Andhra to bring in Investment Protection Act to ease doing business, says Naidu
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Union Minister for Commerce and Industry Piyush Goyal shares a light moment with Andhra Pradesh Chief Minister N. Chandrababu Naidu during the inaugural session of the 31st CII Partnership Summit in Visakhapatnam on Thursday. | Photo Credit: KR DEEPAK
Addressing the inaugural session of the 31st CII Partnership Summit 2026 on Thursday (November 12, 2026), Chief Minister N. Chandrababu Naidu said Andhra Pradesh was working towards becoming a major manufacturing and technology hub in areas such as rare earth minerals, steel production, solar wafers, solar energy and battery energy storage.
He said that Asia’s first 120-qubit quantum computer in Amaravati would be inaugurated on February 3, 2027 and the Google Data Centre in Visakhapatnam on August 15, 2028, and that 303 MoUs involving proposed investments to the tune of ₹9.89 lakh crore would be signed at the ongoing summit. This would take the value of the investment proposals attracted by A.P. since June 2024 to ₹32.49 lakh crore, he said.
He stated that Asia’s first 120 qubit quantum computer in Amaravati would be inaugurated on February 3, 2027 and the Google Data Centre in Visakhapatnam on August 15, 2028, and that 303 MoUs involving proposed investments to the tune of ₹9.89 lakh crore would be signed at the ongoing Summit. With this, the value of the investment proposals attracted by A.P. reached ₹32.49 lakh crore since June 2024.
Emphasising the State’s commitment to speedy clearances, Mr. Naidu said A.P. was granting approvals at a speed that was unmatched by others and it was clear from the record time in which the government had facilitated the establishment of the Kia car manufacturing plant in Sri Sathya Sai district.
The grant of approvals to the Advanced Medium Combat Aircraft project which was also coming up in Sri Sathya Sai district was another shining example of the priority attached to speedy clearances. LG Electronics was preparing to commence production in Sri City within 19 months.
The Chief Minister outlined ambitious targets across key sectors: renewable energy 160 GW, annual electronics production ₹4.20 lakh crore, and aerospace and defence sector ₹50,000 crore. He observed that Amaravati was being developed as a blue-green capital city and it offered tremendous opportunities as it was poised to emerge as one of the most livable cities.
Highlighting the State’s strategic geographical advantage, Mr. Naidu said the State was emerging as a leading logistics destination with six operational ports, airports, high-speed rail connectivity and an extensive road network. Comprehensive plans were drawn up to ensure water availability for agriculture, drinking water and industrial requirements through interlinking of rivers, of which the Polavaram project was a major component.
The State government was committed to the Swarna Andhra Vision 2047 and a clear roadmap had been prepared for it, Mr. Naidu said, and called upon global investors, industrialists and technology leaders to partner with the State in realising that vision.
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