AP realises more investments since 2019 as against in previous regime

AMARAVATI: Though MoUs worth Rs 18.87 lakh crore were signed between 2014 and 2019, the average investments grounded annually in Andhra Pradesh were worth only Rs 11,994 crores. On the contrary, the average investments grounded between 2019 and 2022 were Rs 15,693 crores.

Andhra Pradesh Chief Minister YS Jaganmohan Reddy was apprised of this contrasting picture of investments during a review meeting he held on Thursday on the preparations for Andhra Pradesh Global Investors Summit-2023.

Jagan asked officials to work towards attracting more investments to the State through the Global Investors Summit-23 which would be held in Visakhapatnam on March 3 and 4.

Officials informed the Chief Minister that between 2019 and 2022, the average annual investment had been Rs.15, 693 crore while the total investments of Rs. 1,81,821 crore, approved by State Investment Promotion Board (SIPB), were in various stages of progress.The projects would provide employment to 1,40,903 people.

During the meeting, the Chief Minister also said that they should aim at attracting global investments and turning the State into a hub for green energy and other emerging new products.

He asked officials to prepare a detailed plan of action explaining the vast opportunities and resources available for investments in the State.

Jagan also asked them to study the functioning of various industrial hubs during their visits abroad after officials informed him that they would be conducting road-shows abroad about the summit. He also said it would be a good idea to acquaint themselves with the management systems in vogue to run MSMEs so that the same can be implemented here.

Jagan asks officials to spruce up Vizag for Global meet

Reviewing the preparations being made for the G20 Preparatory Meeting, he asked the officials to spruce up Visakhapatnam, the venue for the event. He said that beautification of the city and the beach should be taken up immediately. He also asked them to form special committees and divide the responsibilities according to the work to be done.

“The ambience at tourist places, likely to be visited by the delegates, should be pleasant and attractive and there should be no security flaws,” he said.

Officials said that they were developing a mobile app for the delegates, to make things easier during their visit.

The meeting of the Infrastructure Working Group, to be held on March 28 and 29, would be attended by 250 delegates with all G-20 countries and international organisations sending six and four delegates each respectively.