Latest news with #TowardsSwarnaAndhraPradesh
New Indian Express
18-07-2025
- Business
- New Indian Express
Andhra poised to be Swarna Andhra by 2047: CM Chandrababu Naidu
VIJAYAWADA: The Task Force report, 'Towards Swarna Andhra Pradesh @2047,' unveiled by Chief Minister N Chandrababu Naidu on Wednesday, projected that Andhra Pradesh - endowed with the third-longest coastline in the country and one of the largest land banks - is undoubtedly at a comparative advantage in becoming one of the champions of the country's overall goal of achieving a USD 35 trillion economy over the next two decades. In 2014–15, the State's economy stood at USD 86 billion at current prices. By 2023–24, Andhra Pradesh's economy had more than doubled, reaching USD 174 billion. This significant growth was achieved despite the formidable challenges posed by the bifurcation in 2014. Looking ahead, while certain gaps remain to be addressed, the Task Force on Economic Development for Swarna Andhra Pradesh @2047 is confident that the State is well poised to take a leap toward achieving the vision of a 'Swarna Andhra Pradesh' by 2047. The report highlights that Andhra Pradesh has a diverse and multifaceted economy, enriched with natural resources and a 1,053 km-long coastline that offers a strategic vantage point for the development of sectors such as renewables, the blue economy, and others. Fertile river plains support agriculture and allied activities, while the mineral-rich districts of Rayalaseema present ideal conditions for the growth of mineral-based industries. The report also notes that Andhra Pradesh is among the few Indian states with abundant land banks (50,573 acres), designated for industrial development. These land banks provide a strategic geographical advantage for the creation of sector-focused industrial zones, parks, and clusters. 'Coupled with ease, cost, and speed of doing business, the State offers an investor-friendly environment for both domestic and international players. Strategically positioned to lead India's transition to a sustainable economy, AP holds immense potential to attract significant investments for developing a robust manufacturing ecosystem in green hydrogen and green ammonia. It also has the capacity to emerge as a leader in solar and wind energy,' the report stated.
New Indian Express
17-07-2025
- Business
- New Indian Express
By 2047, AP will be the best State in India, asserts CM Chandrababu Naidu
VIJAYAWADA: Chief Minister N Chandrababu Naidu released the report 'Towards Swarna Andhra Pradesh@2047', a comprehensive blueprint for the State's economic development, in New Delhi on Wednesday. Prepared by the high-level Task Force for Economic Development, in collaboration with Confederation of Indian Industry (CII), the report outlines a transformative vision to position AP as India's leading State by 2047. Reflecting on his earlier Vision 2020 initiative, he noted that AP had successfully achieved its targets, and is now setting even more ambitious goals. He emphasised that Swarna Andhra Vision aligns with Prime Minister Narendra Modi's Viksit Bharat 2047. 'By 2047, AP will be the best State in India, meeting international standards, and we are determined to make it happen,' he declared. Naidu outlined India's three key advantages -- early economic reforms, demographic dividend, and first mover advantage in IT. 'Today, we are the world's fourth-largest economy, and by 2047, we will be the third-largest,' he said, crediting Modi for steering India's growth. He urged stakeholders to think big and act decisively to realise this vision. He further said AP has strong and dynamic human resources, fertile land, and is rich in agricultural commodities, especially horticulture, aquaculture, and commercial crops.
