AP an investor-friendly State: Parthasarathy
Andhra Pradesh Minister for Information, Public Relations, and Housing, Kolusu Parthasarathy, declared on Friday that the state is emerging as a prime investment hub. He urged industrialists to capitalize on the government’s robust policy framework during the inauguration of the three-day AP Chambers Business Expo 2025 at SS Convention Hall.
The expo showcases over 150 stalls spanning key sectors like banking, automobiles, solar power, food processing, tourism, textiles, and construction. The minister toured the exhibition, engaging with entrepreneurs and officials.
In his address, Parthasarathy highlighted the Single Window system, which clears all industrial approvals within 21 days, aligning with Chief Minister N. Chandrababu Naidu’s push for swift business clearances. He emphasized that clear policies and transparent governance are fueling the state’s economic momentum.
On innovation, the minister announced Andhra Pradesh’s plans to host India’s first quantum computer, leveraging the Centre’s Rs 1 lakh crore allocation for quantum technology—the first state to do so. The government aims to manufacture these computers locally.
Parthasarathy assured investors of timely incentive disbursals via the Escrow Account mechanism to boost confidence. He pointed to the state’s extensive coastline, fertile lands, skilled workforce, and tailored sector policies as key enablers. He specifically invited investments in food processing and tourism in Nuzvid.
Earlier, Pollution Control Board Chairman P. Krishnayya called for balancing industrial expansion with environmental safeguards, noting recycling programs offering up to 45% incentives. MSME Development Corporation Chairman Tammireddy Siva Shankar Rao observed that micro, small, and medium enterprises are integrating into global supply chains.
Organized by the Andhra Pradesh Chambers of Commerce and Industry, the expo anticipates over 5,000 visitors and aims to forge new partnerships and investment deals statewide.