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The Hindu
27-07-2025
- Business
- The Hindu
Lokesh appeals to Telugu diaspora to invest in Andhra Pradesh and contribute to its growth
Minister of IT and HRD Nara Lokesh said Andhra Pradesh (A.P.) would undergo a dramatic transformation if a sizable chunk of the investments flowing into India from Singapore come to the State, and that the A.P. Government would extend all possible support to the Telugu diaspora living in Singapore, Malaysia, Thailand, Vietnam, the Philippines, Hong Kong and Indonesia, who were keen on investing in the State, and contributing to preservation of Telugu language, culture, and traditions. Participating in a meeting of the Telugu Diaspora from South-East Asia organised by the A.P. Non-Resident Telugu Society (APNRTS) and the A.P. Economic Development Board (APEDB) in Singapore on Sunday, Mr. Lokesh said A.P. was destroyed during the YSR Congress Party (YSRCP) rule, and the present NDA Government was rebuilding the State amidst heavy odds under the leadership of Chief Minister N. Chandrababu Naidu, whose reputation was a big advantage. He highlighted the investment opportunities in A.P., and asserted that the APEDB would extend the necessary hand-holding to Telugu entrepreneurs coming forward to partner with the government of their home State. He said A.P. was following Singapore as a role model in implementing new policies, with focus on 'speed-of-doing business' and it needed the cooperation of the Telugu people in realising Mr. Naidu's vision. 'A.P. has over 1,000 km of coastline, a string of seaports and airports, highways, waterways, land, and connectivity, which make it an ideal place to invest. Also, the State has a rich talent pool,' he said. 'One capital — decentralised development' was the coalition government's slogan, in tune with which industries were being promoted in all the regions of the State, and due priority was given to the Micro, Small & Medium Enterprises (MSME), Mr. Lokesh added.
New Indian Express
24-07-2025
- Business
- New Indian Express
'Andhra Pradesh will be a magnet for global capital': CM Chandrababu Naidu
VIJAYAWADA: Andhra Pradesh Chief Minister N Chandrababu Naidu expressed unwavering confidence in transforming the state into a global investment hub, unveiling ambitious plans to attract USD 120 billion in investments within the next year. Speaking at the Investopia Global AP 2025 Summit in Vijayawada, organised by the United Arab Emirates (UAE), Naidu outlined a strategic roadmap to position Andhra Pradesh as a prime destination for international investors. The summit, a landmark event in strengthening economic ties between AP and the UAE, saw the participation of the UAE Minister of Economy and Tourism, Abdulla bin Touq Al Marri. A significant highlight was the signing of a Memorandum of Understanding (MoU) between the AP Economic Development Board (APEDB) and Investopia, marking a new chapter in bilateral economic collaboration. Naidu emphasised AP's strategic location on India's eastern coast, serving as a vital link between northern and southern India. CM aims to attract USD120 billion investments for State in one year He showcased the state's immense potential in sectors such as oil and gas, food processing, mining, tourism, hospitality, and technology. 'Andhra Pradesh is open for business,' Naidu declared, assuring investors of a seamless process with his personal supervision to ensure swift project implementation. 'Our policies are designed to make AP a magnet for global capital,' he added, inviting investors to tap into the state's diverse industries. Hosted at a private hotel in Vijayawada, the Investopia Global AP 2025 Summit underscored the growing synergy between AP and the UAE. Naidu expressed gratitude to Minister Al Marri for choosing Vijayawada to host the event, recalling his invitation to the UAE minister during the World Economic Forum in Davos. The summit facilitated high-level discussions on investment opportunities, focusing on infrastructure, technology, and green energy initiatives.
Hans India
21-07-2025
- Business
- Hans India
AP charts green hydrogen future at summit
Vijayawada: India's push towards a sustainable energy future gained significant traction at the two-day Green Hydrogen Summit hosted by SRM-AP. The event, which concluded on Friday, brought together a distinguished assembly of policymakers, industry titans, and researchers, underscoring AP's unwavering commitment to sustainable energy development under the leadership of Chief Minister N Chandrababu Naidu. The second day of the summit on Saturday was marked by a series of engaging plenary sessions, an industry-academia conclave, and strategic discussions. Leaders from industry, science, academia, and policy engaged in robust dialogues covering technology innovations, infrastructural requirements, off-taker options, and critical funding and policy frameworks essential for India's green hydrogen journey. Key discussions highlighted the cost-effectiveness, broad industrial applications, and inherent sustainability of green hydrogen. A dedicated panel also delved into the promising scope of fuel cells. Dr R Vijay, director-ARCI, emphasised the potential of metallic bipolar plates and the urgent need for establishing electrolyser plants to facilitate large-scale hydrogen production. While the summit broadly championed the advantages of hydrogen production, it also served as a crucial forum for addressing the inherent challenges. Scientists and academicians presented the benefits, while industry leaders brought forth practical hurdles. Karthikeya A from APEDB notably pointed out the often-overlooked necessity of off-takers for the produced hydrogen, questioning whether sufficient market demand truly exists to consume the output. Discussions focused on cultivating a collaborative ecosystem. Dr Mallikarjun Bhavanari stressed the imperative for synergy between academia and industry, identifying infrastructure, material accessibility, and robust research and development (R&D) as pivotal factors in positioning India as a global hydrogen superpower. During the valedictory session, Pro-Vice Chancellor Prof Ch Satish Kumar offered a thought-provoking perspective. 'Let's not just celebrate green hydrogen progress; let's also talk about the difficulties in production, the health implications, and community-level engagement,' he urged. Prof D Narayana Rao, executive director-research, SRM Group of Institutions, said the summit was a success. He announced that under the directive of the Chief Minister, SRM-AP, in collaboration with NREDCAP, will host the Hydrogen Summit annually to review the progress made in Andhra Pradesh's green hydrogen journey.
