Latest news with #SwarnaAndhraVision2047
Time of India
18 hours ago
- Business
- Time of India
ITC Limited will make its next investment in Andhra Pradesh: Sanjiv Puri
New Delhi: ITC Limited will make its next investment in Andhra Pradesh, said Sanjiv Puri, Managing Director of the company and CII President, during the CII Annual Business Summit 2025 in the national capital. "The next investment we make will be in Andhra Pradesh, and then you will hear about it very soon, Puri said, speaking with Andhra Pradesh Chief Minister Chandrababu Naidu in the concluding session of the industry body's annual business summit. "Chief Minister, it is with that thought in mind about the point you made on performance, we know it from the past. That is what motivated me to say we are going to invest because we have seen how you have transformed in the past, and we are seeing the speed with which Andhra Pradesh is now transforming, and this has all been very encouraging to all of us," said ITC's MD, talking to Naidu. ITC is one of India's foremost private sector companies with presence in Fast Moving Consumer Goods (FMCG), Packaging, Paperboards & Specialty Papers, Agri and IT businesses. The company has been investing heavily in the state across sectors. In the quarter that ended on March 31, the company delivered a resilient performance during the year amidst a challenging macroeconomic and operating environment. For FY25, Gross Revenue and EBITDA from Continuing Operations stood at Rs 73464.55 crores and Rs 24024.83 crores respectively. Profit Before Exceptional items and Tax stood at Rs 26000.86 crores. ITC's FMCG-Others segment delivered a resilient performance amidst weak demand conditions and the significant increase in competitive intensity from regional or local players. As per the company's statement, its businesses continue to leverage the power of digital to drive superior consumer insights & innovation, deepen consumer engagement and enhance brand loyalty. The Company's deep and wide multi-channel distribution network, with tailored channel-specific assortments, continues to sharply target opportunity areas through superior product availability and visibility. Focused investments continue to be made to enhance distribution infrastructure and drive penetration across markets. Addressing the summit, Andhra Pradesh CM invited industry's investments in the state, stating that this is the "right time" to invest in India's development. CM Naidu highlighted the state's strategic roadmap under the Swarna Andhra Vision 2047, focusing on accelerated economic growth, inclusive development, industrial resurgence, and innovation-led transformation.
India Gazette
2 days ago
- Business
- India Gazette
ITC Limited will make its next investment in Andhra Pradesh: Sanjiv Puri
New Delhi [India], June 1 (ANI): ITC Limited will make its next investment in Andhra Pradesh, said Sanjiv Puri, Managing Director of the company and CII President, during the CII Annual Business Summit 2025 in the national capital. 'The next investment we make will be in Andhra Pradesh, and then you will hear about it very soon, Puri said, speaking with Andhra Pradesh Chief Minister Chandrababu Naidu in the concluding session of the industry body's annual business summit. 'Chief Minister, it is with that thought in mind about the point you made on performance, we know it from the past. That is what motivated me to say we are going to invest because we have seen how you have transformed in the past, and we are seeing the speed with which Andhra Pradesh is now transforming, and this has all been very encouraging to all of us,' said ITC's MD, talking to Naidu. ITC is one of India's foremost private sector companies with presence in Fast Moving Consumer Goods (FMCG), Packaging, Paperboards & Specialty Papers, Agri and IT businesses. The company has been investing heavily in the state across sectors. In the quarter that ended on March 31, the company delivered a resilient performance during the year amidst a challenging macroeconomic and operating environment. For FY25, Gross Revenue and EBITDA from Continuing Operations stood at Rs 73464.55 crores and Rs 24024.83 crores respectively. Profit Before Exceptional items and Tax stood at Rs 26000.86 crores. ITC's FMCG-Others segment delivered a resilient performance amidst weak demand conditions and the significant increase in competitive intensity from regional or local players. As per the company's statement, its businesses continue to leverage the power of digital to drive superior consumer insights & innovation, deepen consumer engagement and enhance brand loyalty. The Company's deep and wide multi-channel distribution network, with tailored channel-specific assortments, continues to sharply target opportunity areas through superior product availability and visibility. Focused investments continue to be made to enhance distribution infrastructure and drive penetration across markets. Addressing the summit, Andhra Pradesh CM invited industry's investments in the state, stating that this is the 'right time' to invest in India's development. CM Naidu highlighted the state's strategic roadmap under the Swarna Andhra Vision 2047, focusing on accelerated economic growth, inclusive development, industrial resurgence, and innovation-led transformation. (ANI)
New Indian Express
3 days ago
- Business
- New Indian Express
Trust ‘Brand CBN' & invest in AP: CM Chandrababu Naidu
VIJAYAWADA: Chief Minister N Chandrababu Naidu, who is keen to transform the State into a $2.4 trillion economy by 2047, has invited industry leaders to participate in the Swarna Andhra Vision 2047. Addressing the annual Business Summit 2025 of the CII in New Delhi on Friday, the CM called for deeper collaboration in innovation, infrastructure, and inclusive growth. 'Entrepreneurs generate wealth, and with it, we can implement impactful welfare programs,' he said. Recalling the CII Partnership Summit held in Hyderabad, 'it brought immense visibility and investment. I seek your support to bring investments to Andhra Pradesh.' The CM emphasized that industrialists can trust his leadership, stating, 'CBN is a tested Brand with a proven track record.' He urged them to leverage this credibility to grow their businesses in AP.' 'The economic reforms initiated by former PM PV Narasimha Rao changed India forever. Today, many of the world's top achievers are Indians and about 30% of them are Telugus. India is poised to serve the global community for centuries to come. The world is moving forward rapidly with developments in AI, quantum computing. If real-time data can be harnessed effectively, India, with its pool of outstanding entrepreneurs, can lead this revolution,' Naidu said.
Hans India
3 days ago
- Business
- Hans India
Naidu unveils vision to make AP $2.4-tn economy by 2047
New Delhi: Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday unveiled a bold development agenda to transform Andhra Pradesh into a $2.4-trillion economy by 2047. Addressing the Special Plenary Session of industry body CII's Annual Business Summit 2025 here, he invited industry leaders to participate in the Swarna Andhra Vision 2047 and called for deeper collaboration in innovation, infrastructure, and inclusive growth. As part of the vision, the government aims to sustain over 15 per cent annual GDP growth and achieve a per capita income of $42,000-positioning Andhra Pradesh as one of the most prosperous and inclusive states in India. Naidu said entrepreneurs generate wealth, and with it, we can implement impactful welfare programmes. During the years when the CII Partnership Summit was held in Hyderabad, it brought immense visibility and investment, he added. 'Now, I seek your support to bring investment to Andhra Pradesh so we can continue creating wealth. We are at a truly inspiring moment in time', the Chief Minister said. Reflecting on his decades-long association with CII, Naidu noted, 'For over three decades, you've understood and engaged with my vision. In the mid-1990s, when CII was still finding its footing, I was warned that associating with industrialists or international forums like Davos might harm my political prospects. Yet, I persisted- attending Davos regularly since 1995 - because I believed in economic development through collaboration'. The Chief Minister said his government would set up a global leadership centre in Amaravati to prepare leaders for tomorrow, on the lines of Davos in Switzerland. "We want to set up a global leadership centre in Amaravati to prepare global leaders for tomorrow. We are all going to Davos to learn, network, meet people, exchange ideas. Now, this is the place I want to make it," he said. Naidu said companies like TCS, IBM and L&T would be setting up quantum computing centres in Amaravati, the new Greenfield capital. He said Andhra Pradesh is well-positioned for industries producing green energy. Naidu said his state has good solar and wind energy potential, along with pumped storage, green ammonia and nitrogen. It also has ports. "Some states have solar, some have wind, but all put together, Andhra Pradesh is the number one state for green energy and downstream industries," he said. Inviting industries to set up facilities in the state, Naidu said, "I will give you all the facilities. I am planning big." He said out of India's target to achieve 500 gigawatts of installed electricity capacity for non-fossil-based energy sources, 160 GW will come from Andhra Pradesh. Naidu highlighted India's evolution since the economic liberalization era under Prime Minister PV Narasimha Rao, noting that nearly 30 per cent of top global Indian achievers are of Telugu origin. He underlined the importance of technological advancements - ranging from AI to quantum computing—and stressed the potential of real-time data and innovation to position India as a global leader. 'We are fortunate to have Prime Minister Narendra Modi at the helm during this critical phase. Today, we are the fourth-largest economy. As India ascends to become the world's third-largest economy, the real competition begins - with the USA and China. The Indian industry must prepare for this next phase,' he urged.
Hindustan Times
3 days ago
- Business
- Hindustan Times
Naidu plans global leadership centre in Amaravati on the lines of Davos forum
Andhra Pradesh chief minister N Chandrababu Naidu on Friday said his government was contemplating setting up of a global leadership centre at Amaravati on the lines of World Economic Forum of Davos in Switzerland to produce future entrepreneurs and leaders in industry. Speaking at the special plenary session of the Annual Business Summit 2025 of the Confederation of Indian Industry (CII) in New Delhi, Naidu said his government was aiming at promoting more leaders to lead and provide services to the global community. 'We have requested the CII to set up a global leadership centre in Amaravati to produce leaders of tomorrow. We all have been going to Davos to network, exchange ideas, and meet people, and now, I want to make this place the new global centre. All leaders should come to Amaravati and India to cultivate leadership.' The chief minister unveiled a development agenda of his government to transform Andhra Pradesh into a $2.4 trillion economy by 2047. Inviting industry leaders to participate in the Swarna Andhra Vision 2047, he called for deeper collaboration in innovation, infrastructure, and inclusive growth. He said entrepreneurs generate wealth, and with it, the government can implement impactful welfare programmes. 'During the years when the CII Partnership Summit was held in Hyderabad, it brought immense visibility and investment. Now, I seek your support to bring investment to Andhra Pradesh so we can continue creating wealth,' he said. Naidu said the economic reforms initiated by former Prime Minister P V Narasimha Rao changed India forever. 'Today, many of the world's achievers are Indians—about 30% of them Telugus. India is poised to serve the global community for centuries to come,' he said. The chief minister pointed out that technology has matured, and the world is moving forward rapidly with developments in Artificial Intelligence, quantum computing, wearables, CCTV, and drones. If real-time data can be harnessed effectively, India, with its pool of outstanding entrepreneurs, can lead this revolution, he said. While answering a question on competitive federalism, the chief minister said the industrialists should be aware that, 'CBN (Chandrababu Naidu) is a tested brand and he offers the proof of concept.' Thus, they should be choosing his leadership in Andhra Pradesh to build their business, he said.
