How Will Andhra Pradesh Utilize Its Long Coastline to Achieve a $2.4 Trillion Economy by 2047?
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Synopsis
Andhra Pradesh's ambitious Swarnandhra Vision 2047 aims to achieve a $2.4 trillion economy by strategically utilizing its 1,000 km coastline. Chief Minister N. Chandrababu Naidu emphasizes investment-friendly policies and technological growth, inviting global investors to participate in shaping the state’s future.
Key Takeaways
- Coastal Development: Plans to build ports every 50 km.
- Investment-Friendly Policies: Assurance of support for investors.
- Technological Advancements: Focus on deep tech and quantum computing.
- Renewable Energy Goals: Target of 160 GW for the state.
- Focus on Speed: Enhancing the speed of doing business.
Amaravati, Sep 30 (NationPress) In a bid to realize the Swarnandhra Vision 2047 aimed at a $2.4 trillion economy, the Andhra Pradesh government is set to capitalize on its extensive 1,000 km coastline by constructing ports or harbours every 50 kilometres, Chief Minister N. Chandrababu Naidu announced on Tuesday.
During a curtain-raiser event in Delhi for the upcoming 30th CII Partnership Summit, scheduled for November 14-15 in Visakhapatnam, he extended an invitation to global industry leaders.
Naidu highlighted that Andhra Pradesh boasts unique benefits, such as its long coastline, a favorable investment climate with pro-industry policies, and a workforce with strong technological skills.
Under Vision 2047, priority sectors include logistics, deep technology, product perfection, Space City, Electronics, Drones, and Aerospace hubs.
An ambitious Quantum Valley is also planned in Amaravati, with a quantum computer expected to be operational by January 2026, followed by full-scale production in two years.
Naidu praised Prime Minister Narendra Modi as a transformative leader, noting that India is experiencing swift industrial growth.
He mentioned that Modi aims for a target of 500 GW in the renewable energy sector, while Andhra Pradesh has set its own ambitious goal of 160 GW. With a robust agricultural and aqua foundation, the state plans to establish advanced food processing units on a large scale. Furthermore, Andhra Pradesh, recognized as the best in ease of doing business, is now focusing on the speed of doing business.
Inviting global investors, the Chief Minister assured them of pro-industry policies and full support to foster rapid industrial growth and economic advancement.
Union Minister of Commerce Piyush Goyal, speaking at the event, referred to Naidu as the architect of reforms who has significantly improved lives. He noted Naidu's commitment to high technology and the development of plug-and-play facilities across three industrial hubs—Visakhapatnam, Orvakallu, and Kopparthi. Goyal emphasized that the CII plays a crucial role in bridging global investors with economic growth.
Point of View
It is evident that Andhra Pradesh is making significant strides towards becoming an economic powerhouse. The state's strategic coastal positioning and progressive policies make it an attractive destination for global investment. The focus on technology and renewable energy aligns with national goals, ensuring that progress is both sustainable and impactful. This initiative promises to enhance the overall economic landscape of India.
NationPress
30/09/2025
Frequently Asked Questions
What is the Swarnandhra Vision 2047?
The Swarnandhra Vision 2047 is an initiative by the Andhra Pradesh government to achieve a $2.4 trillion economy by leveraging its coastal resources and promoting various sectors.
How will the coastline be utilized?
The coastline will be utilized by developing ports or harbours every 50 kilometers to enhance logistics and trade.
What are the key sectors targeted under Vision 2047?
Key sectors include logistics, deep technology, aerospace, electronics, and renewable energy.
What is the significance of the Quantum Valley?
The Quantum Valley aims to foster advancements in quantum computing, with a facility expected to operational by January 2026.
Why is Andhra Pradesh attractive for investors?
Andhra Pradesh offers a pro-industry environment, skilled workforce, and a commitment to rapid industrial growth, making it an attractive destination for global investors.
