Andhra Pradesh aims for 10% share in India’s export

Bengaluru, Feb 15 (KNN) Andhra Pradesh government has set a target to attain 10 per cent share in India’s total export with the help of attracting domestic and global investment across a dozen sectors.

It showed its rich natural resources, large investments in infrastructure, land bank, and intensive reforms in rules and regulations at an investors meeting held in Bengaluru on Tuesday.

The event is one of many such meets being organised in the run-up to the Global Investors Summit on March 3-4, 2023 in Visakhapatnam.

Speaking on the occasion Gudivada Amarnath, Minister for Industries, Infrastructure, Investment & Commerce said, “According to LEADS Report 2022, the state's exports increased by 15.31 per cent from the previous year in 2021–2022, classifying it as "Achievers" in the Coastal States.”

“With the completion of new ports and also further development of infrastructure for the last-mile connectivity, the state’s share in exports can reach up to 10 per cent of India’s total exports,” he added.

Addressing the investors Buggana Rajendranath, Minister for Finance, Planning, Commercial Taxes, Skill Development, assured the investors of the fast-paced implementation of projects in the state.

“We strongly believe reducing the time to start a business will have a significant impact on the manufacturer’s profitability,” he said.

Gudivada Amarnath, Minister for Industries further said that the state is building numerous plug-and-play facilities which will have ready-built factory sheds with quality power and water supply and help speed up setting up of manufacturing units.

He also added that in the last 3.5 years, the state has approved investments to the tune of Rs 1.9 lakh crore.

“That would go on to create employment for around 90,000 people in the state in the future,” he said.  (KNN Bureau)