Vijayawada, Nov 9 (KNN) With the aim to attract industrial investments into the state, the Andhra Pradesh government will organise the Global Investors Summit-2023 in Visakhapatnam on March 3 and 4.

Addressing a press conference on Tuesday, Gudivada Amarnath, Minister for Information Technology and Industries said that the government will conduct roadshows to promote the summit in major cities of India as well as in other countries like the USA, UK, Germany, Israel, Taiwan and South Korea.

“On the Chief Minister’s directions, measures are being taken to use the event as a platform to attract investments for focused areas in sectors like agriculture and food processing, marine products, aerospace and defence, automotive and electric mobility, education and skill development, tourism and hospitality, health sector, infrastructure, maritime and logistics among others,” Amarnath said.

The Information Technology and Industries minister highlighted that the Chief Minister has been encouraging MSMEs so that more jobs can be made available for the youth in the State. “The newly-established Apache Footwear in Tirupati will create 10,000 employment opportunities,” the minister noted and said Andhra Pradesh is a role model in renewable energy and green hydrogen.

Stating that the advantages of the 640-km Visakhapatnam-Kakinada PCPIR corridor were discussed at the recently held India Chem 2022 event in New Delhi, Amarnath explained that the government will showcase the opportunities of the largest corridor in the country during roadshows and the Summit to attract more investments in petrochemical sector.

“Investors will be explained about the benefits of the State’s long coastline and port-based economy. With 10 ports and nine fishing harbours, the government is making every effort to develop Andhra Pradesh as a gateway to India on the East Coast,” he asserted.  (KNN Bureau)