

Andhra Pradesh Chief Minister N. Chandrababu Naidu said the CII Partnership Summit held in Visakhapatnam was a grand success, with meaningful discussions and knowledge-sharing sessions alongside deliberations on investment opportunities. He stated that the state had witnessed significant changes in industrial development over the past two years due to the government's policies. Unlike in the past, when memorandums of understanding often remained on paper, the present government is actively tracking agreements and working to turn them into reality. He said 25 sectoral parks had been established and that the government was introducing self-certification and real-time approvals to speed up industrial clearances. An escrow account for industrial incentives had also become operational, while steps were being taken to introduce an Investment Protection Act.
The Chief Minister announced that Amaravati is set to emerge as a quantum computing hub, with the government encouraging the manufacturing of quantum computers in the state. He expressed confidence that Made-in-Amaravati quantum computers would soon be exported to international markets. Chandrababu Naidu also highlighted efforts to develop Visakhapatnam as an IT and tourism destination, revive the Visakhapatnam Steel Plant and establish a Steel City in Anakapalli. He said submarine cables were being laid from Visakhapatnam to various countries. The summit also discussed global developments and their impact on India and Andhra Pradesh, along with ways to address emerging challenges. The Chief Minister added that delegates attending the next partnership summit would be taken to the scenic Araku Valley.




















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