Naidu unveils taskforce report to achieve Swarnandhra Vision 2047
Tired of too many ads? go ad free now
The taskforce, chaired by Naidu and co-chaired by Tata Sons chairman Natarajan Chandrasekharan, made various suggestions on improving the macro-economic situation, growth drivers in key sectors, new opportunities, and industry collaborations required.
The report highlighted the need for restoring industry confidence and improving the fiscal situation, with recommendations for balanced regional growth.
Identifying agriculture as a key growth driver, the taskforce suggested expediting the integration of technology to improve productivity and harnessing untapped potential in the food processing sector.
The report also focused on growth opportunities in life sciences, electronics and semiconductors, IT, AI, and data centers in Andhra Pradesh. Additionally, it outlined opportunities in the automotive industry, textiles, aerospace, defense, space, tourism, and mining sectors.
The taskforce report discussed new opportunities in the form of the blue economy, renewable energy, advanced manufacturing, and innovation.
Speaking on the occasion, chief minister Chandrababu Naidu said that by promoting investments and boosting exports, Andhra Pradesh can achieve economic growth envisioned in the Swarnandhra vision document. Naidu stated that Amaravati will become the most futuristic city with world-class infrastructure and the first city to use only green energy.
Tired of too many ads? go ad free now
He explained the investor-friendly policies and the government's focus on creating an environment for the speed of doing business, appealing to investors to come forward and invest in Andhra Pradesh.
Tata Sons chairman Chandrasekharan praised Naidu for his vision and setting ambitious goals of a 15% growth rate in the next 20 years and becoming a $2.4 trillion economy. He recollected how Hyderabad developed as the hub of the IT sector with the proactive steps taken by Naidu 25 years ago.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
5 hours ago
- India.com
Months after Ratan Tata's death, BIG achievement by Noel Tata, this company's profit jumps ten times higher in…, earns Rs 262320000000, it is…
Months after Ratan Tata's death, BIG achievement by Noel Tata, this company's profit jumps ten times higher in…, earns Rs 262320000000, it is… Tata Sons net profit has jumped nearly 10 times in the last half-decade to Rs 26,232 cr in FY25. By Anirudha Yerunkar Edited by Anirudha Yerunkar Advertisement Tata Sons, the primary investment holding company of the Tata Group, recorded a nearly ten times increase in its profit after tax over the past five years, rising to Rs 26,232 crore in FY 2024-25 from Rs 2,680 crore in FY 2019-20, as per its latest annual report. In terms of revenue, the company saw it climb over one-and-a-half fold to Rs 38,835 crore in FY25 from Rs 24,896 crore in FY20. Advertisement === The net worth of the company also surged nearly three-and-a-half times to Rs 1,49,680 crore in FY25 from Rs 45,586 crore in FY20. Tata Sons Revenue Tata Group's aggregate revenue stood at Rs 15,34,341 crore in FY25 as compared to Rs 7,89,057 crore in FY20, as per Tata Sons' annual report for 2024-25. Advertisement === Tata Motors remained the biggest revenue earner for the group at Rs 4,45,939 crore in FY25, up from Rs 2,64,041 crore in FY20. Tata Consultancy Services was the next with a revenue of Rs 2,59,286 crore in FY25, up from Rs 1,61,541 crore in FY20. Tata Steel was the third biggest revenue earner for the group at Rs 2,20,083 crore in FY25, up from Rs 1,50,794 crore in FY20. Tata Sons Performance Among the unlisted entities, Air India, which was acquired by the Tata Group in 2021, reported revenue of Rs 78,636 crore in FY25 and Tata Electronics, established in 2020, posted revenue of Rs 66,601 crore in FY25. Tata Digital posted revenue of Rs 32,188 crore in FY25, up from just Rs 7 crore in FY20. As per the annual report, Tata Sons Chairman N Chandrasekaran's total compensation in FY25 was at Rs 155.81 crore, up 15 per cent from Rs 135.32 crore in FY24. He is among the highest-paid industry leaders in India. For FY25, Tata Sons said based on its performance, the directors have recommended a dividend of Rs 64,900 per ordinary share on 4,04,146 ordinary shares, which if declared by the shareholders, would involve a cash outflow of Rs 2,622.91 crore. In the previous year, the dividend was at Rs 35,000 with an outgo of Rs 1,414.51 crore. The directors have also recommended a dividend on the cumulative redeemable preference shares (CRPS) amounting to Rs 13 lakh. In the previous year, it was at Rs 19.78 crore. (With Inputs From PTI)
The Hindu
6 hours ago
- The Hindu
Naidu lays out roadmap before Rajnath for defence sector investments in A.P.
In a determined bid to establish Andhra Pradesh as a national leader in defence and aerospace manufacturing, Chief Minister N. Chandrababu Naidu has put forward a proposal to the Union Government, aiming to attract major strategic investments to the State. A delegation of senior Telugu Desam Party (TDP) Members of Parliament met Defence Minister Rajnath Singh in New Delhi on Thursday and submitted the Chief Minister's proposals, which outline a multi-pronged roadmap for defence development in the region. The delegation, led by MP Lavu Sri Krishna Devarayulu and joined by MPs Magunta Srinivasulu Reddy and Daggumalla Prasada Rao, conveyed Mr. Naidu's vision to transform Andhra Pradesh into a robust defence production hub. They submitted two detailed communications from the Chief Minister — both dated May 19 — laying out plans for setting up defence corridors, reviving existing infrastructure, and partnering with the Centre on high-impact manufacturing projects. At the core of the proposal is the establishment of four major defence and aerospace manufacturing clusters strategically located across the State. These include a missile and ammunition production zone in Jaggaiahpet–Donakonda, an aircraft and defence electronics hub in Lepakshi–Madakasira, a naval equipment and weapons testing complex in Visakhapatnam–Anakapalli, and a drone and robotics manufacturing unit in Kurnool–Orvakal region. Together, these clusters would cover over 23,000 acres and serve as the backbone of the State's defence industrial ecosystem. In addition to these hubs, the proposal seeks Central support for a ₹2,400 crore BEL Strategic Complex at Palasamudram and calls for the revival of the aluminium alloy plant of Utkal Alumina and Defence Ltd. (UADNL) in Nellore, which has a capacity of 60,000 TPA. Other projects outlined include land allocation for HAL's expansion plans, establishing an MRO and assembly facility for the Advanced Medium Combat Aircraft (AMCA) program at Lepakshi–Madakasira, and setting up an Air Force Station at Donakonda to support nearby UAV and missile test ranges. Naval SEZ The letter also proposes a Naval SEZ and training centre in Visakhapatnam to support the Eastern Naval Command and allied operations. A DRDO Industry-Academia Centre of Excellence at IIT Tirupati has been suggested to strengthen R&D and innovation in collaboration with academia. To coordinate and oversee the scale of these initiatives, the proposal recommends engaging NITI Aayog, defence industry veterans, and scientific experts, including former DRDO Chairman G. Satheesh Reddy, to guide Andhra Pradesh's transition into a nationally significant defence manufacturing State. In his communication, Mr. Naidu emphasised that these proposals are aligned with the national vision of Aatmanirbhar Bharat and are aimed at strengthening India's self-reliance in defence technologies. He highlighted the dual goals of enhancing national security and creating large-scale employment and industrial growth in Andhra Pradesh. He also requested the Defence Ministry's recognition and support for the projects, stating that the proposed hubs will help the State emerge as a key contributor to India's defence and aerospace sector. The outreach marks a renewed and strategic push by Mr. Naidu to attract the country's largest defence investments and position Andhra Pradesh as a future-ready hub for innovation, manufacturing, and strategic capability.
News18
7 hours ago
- News18
Andhra CM to embark on six-day visit to Singapore to woo investments
Amaravati, Jul 25 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu will embark on a six-day visit to Singapore from July 26 aimed at attracting investments to the state. The chief minister is scheduled to leave for Singapore from Hyderabad, according to an official release on Friday. During the visit, the CM will engage with representatives of leading global companies, business owners, prominent industrialists, and notable personalities. 'Naidu will embark on a six-day visit to Singapore from July 26 to 31, aimed at attracting investments to Andhra Pradesh," the release said. This visit marks the CM's second foreign visit since the formation of the TDP-led NDA government, following his earlier visit to Davos, Switzerland in January. Expected to serve as a key platform to promote 'Brand AP (Andhra Pradesh)' and showcase the state's new industrial and ease-of-doing-business policies, Naidu will highlight Andhra Pradesh's robust infrastructure. He will showcase the southern state's ports, airports, highways, harbours, and water and land resources, including the 1,053-km long coastline and skilled human capital, and urge global investors to explore opportunities in the state. During his visit, Naidu will hold meetings with CEOs and senior representatives of various companies and on the first day he will participate in a Telugu diaspora meeting. Further, he will meet with senior dignitaries in Singapore to invite industrialists from the region to the 'Visakhapatnam Investment Summit' scheduled for November this year, the release said. Naidu will also participate in business roundtable meetings centred on the digital economy and fintech, and attend a dedicated business roadshow in Singapore. As part of the tour, he will also visit key infrastructure and logistics centres across the city, the release added. PTI STH KH view comments First Published: July 25, 2025, 21:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
