The state’s exports increased by 15.31% compared to the performance in 2021-22, the recent Leads Report has said, placing it among the achievers in the coastal states, Amarnath said in an interaction with investors ahead of AP’s two-day global investors summit scheduled from March 3.
The government has informed investors about the availability of 48,352 acres of land bank for industrial development, as well as ready-built infrastructure to shorten the time required to set up new facilities.
Amarnath added that in the last three and a half years, his government has approved investments worth Rs.1.9 lakhcCrore. “That would go on to create employment for around 90,000 people in the state in the future.”
Finance Minister Buggana Rajendranath assured investors that the government will help early completion and commissioning of their projects. “We strongly believe reducing the time to start a business will have a significant impact on the manufacturer’s profitability. The state is building numerous plug-and-play facilities which will have ready-built factory sheds with quality power and water supply and help speed up setting up of manufacturing units.”
The state has embarked on a rapid growth path under the leadership of chief minister Y.S. Jagan Mohan Reddy, the state has emerged on top in the ease of doing business (EoD) for three consecutive years due to the governance reforms and investor-friendly policies, an official press release said.