Summit to provide analysis of IT, manufacturing, pharmaceuticals, automobiles, tourism and energy
Andhra Pradesh is organizing Global Investment Summit (GIS) 3-4 Mar 2023 for its well-known large manufacturing base, excellent infrastructure, business-friendly environment, and pool of talented, skilled young people.
Themed “Advantage Andhra Pradesh – Where Abundance Meets Prosperity”, the Visakhapatnam summit is to highlight the southern state’s formidable industrial base, well-established presence of MSMEs and start-ups as well as overall investor-friendly environment.
Andhra Pradesh is widely regarded as a key player in the Indian economy for its sizable manufacturing base, impressive infrastructure, critical industries such as IT, pharmaceuticals, automobiles, tourism and energy.
The gala meet will give attendees the opportunity to network and engage with key investors, influential industry leaders, and government officials as well as explore the diverse range of investment opportunities available throughout the state.
The state has consistently ranked first in Ease of Doing Business (EoDB) for the three years, which is significant given that this survey is based on stakeholder feedback.
According to the numbers released thus far, it has the highest double-digit GSDP growth rate in the country in 2021-22, at 11.43%.
It also has maritime infrastructure, as it is India’s gateway to the Southeast Asian markets, with 974 km of coastline, the second longest in the country, 6 existing ports, and 4 upcoming ports.
It has a favourable business environment and industry-focused policies, as well as a proactive government guiding the state. Three of the country’s eleven industrial corridors are being built in Andhra Pradesh alone, the state Government said in a release on 18 Feb 2023. fiinews.com
