Naidu unveils taskforce report to achieve Swarnandhra Vision 2047
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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.
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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.
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