Chief Minister N. Chandrababu Naidu has unveiled ambitious plans to position Andhra Pradesh as a global investment hub with a strong focus on green energy and artificial intelligence (AI). Speaking about his recent visit to Davos, where he interacted with global business leaders at the World Economic Forum (WEF), Naidu emphasised the state’s transformation into a premier destination for investments.
“We aim to attract Rs 10 lakh crore in investments, particularly in green energy and green hydrogen,” Naidu said, highlighting the strides made during the Davos meetings. He noted that Andhra Pradesh, once plagued by challenges, is now being repositioned on the global map.
Recalling his early visits to Davos in 1997, Naidu shared how Hyderabad was once mistaken for a city in Pakistan. “I promoted Hyderabad when no one knew about it, and today, I am doing the same for Andhra Pradesh,” he said.
The Chief Minister announced major investment commitments, including BPCL’s Rs 96,000 crore petrochemical complex in Ramayapatnam and a Rs 1.35 lakh crore steel plant near Anakapalle. NTPC plans to invest Rs 1.87 lakh crore in green hydrogen, while green ammonia production in Kakinada forms part of the Rs 10 lakh crore green energy investment.
Naidu also revealed plans to establish a global leadership centre in Amaravati in collaboration with the Confederation of Indian Industry (CII) and Singapore’s International Institute for Management Development (IMD). He added that Andhra Pradesh is poised to become a model state for natural farming and a petro hub, with an IT revolution on the horizon, supported by TCS’s upcoming unit in Visakhapatnam, which will create 10,000 jobs.
He expressed optimism about the state’s strategic advantages, including its coastline and youthful workforce, and highlighted discussions in Davos centred around green energy, AI, and deep tech. Naidu reaffirmed his commitment to completing infrastructure projects, including Polavaram, by 2047, and continuing rapid development in Amaravati with the Centre’s support.
The Chief Minister dismissed opposition criticism as baseless and noted the continued support from Singapore for the state’s development initiatives. He also credited IT and Electronics Minister Nara Lokesh and the team for meeting over 70 global companies in Davos, further cementing Andhra Pradesh’s position as an emerging investment destination.