Ahead of Global Investors Summit, AP govt to host investment drive

The government of Andhra Pradesh is gearing up to host another investor meet in Chennai next, on February 17th, 2023, as part of its efforts to attract businesses and investors to the upcoming Andhra Pradesh Global Investment Summit (GIS) 2023. The investor drive has been carefully designed to give businesses and investors a taste of what’s to come at the summit, which is set to take place in Visakhapatnam on March 3–4, 2023. Under the theme “Advantage Andhra Pradesh: Where Abundance Meets Prosperity,” the summit will showcase the state’s strong industrial base, robust presence of MSMEs and start-ups, and investor-friendly atmosphere. The summit is intended to highlight the formidable industrial base, well-established presence of MSMEs and start-ups, and overall investor-friendly environment of the southern state. With its sizeable manufacturing base, impressive infrastructure, business-friendly policies, and skilled and talented young population, Andhra Pradesh is widely recognized as
a key player in the Indian economy. The GIS will offer a deep dive into critical sectors such as IT, manufacturing, pharmaceuticals, automobiles, tourism, and energy. The conference will provide a chance to network and engage with key investors, influential industry leaders, and government officials, with attendees having ample opportunity to explore the diverse range of investment prospects available throughout the state. Andhra Pradesh is well-known for its large manufacturing base, excellent infrastructure, business-friendly environment, and pool of talented, skilled young people. The state has consistently ranked first in Ease of Doing Business (EoDB) for the last three years, which is significant given that this survey is based on stakeholder feedback. According to the numbers released thus far, it has the highest double-digit GSDP growth rate in the country in 2021–22,
at 11.43 percent.