Andhra Pradesh Targets 15% Growth with Vision-2047 Initiative
Andhra Pradesh Chief Minister N. Chandrababu Naidu convened a high-level meeting with industry leaders in Amaravati on Monday to set ambitious economic growth targets under the Vision-2047 initiative.
The meeting focused on establishing policies to boost development, with the state aiming for a 15% growth rate.
Strategic Growth Plan Led by Industry Task Force
The task force for Vision-2047, chaired by Chief Minister Naidu and co-chaired by Tata Sons Chairman N. Chandrasekaran, discussed strategies to achieve Andhra Pradesh’s growth objectives. Naidu underscored the importance of creating wealth to uplift underprivileged communities and enhance quality of life, emphasizing his commitment to surpass the 13.5% growth rate achieved during his previous term. “Creating wealth enables us to uplift underprivileged communities and improve overall quality of life,” he stated.
Infrastructure and Innovation as Growth Pillars
Highlighting the state’s potential, Naidu pointed to Andhra Pradesh’s abundant natural resources, skilled workforce, and advanced infrastructure, including highways and airports. “Andhra Pradesh is poised to become a hub for innovation and entrepreneurship,” he said. He also emphasized the importance of ‘Speed of Doing Business’ as a priority to make Andhra Pradesh an attractive industrial destination.
Collaborative Input from Industry Leaders
Key industry representatives from Tata Sons, GMR Group, Apollo, L&T, TVS, and Piramal were present to provide insights on creating investment-friendly policies. Leaders from the Confederation of Indian Industry (CII), including Director General Chandrajit Banerjee, also attended to offer strategic advice.
The Vision-2047 task force will drive sustainable development, innovation, and economic growth, leveraging Andhra Pradesh’s infrastructure and resources to position the state as a leader in industrial growth and technology.
