Potluri Bhaskara Rao, President of the Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers), addressed a virtual meeting with Non-Resident Indians (NRIs) to solicit investments into Andhra Pradesh. Coordinated by AP NRI cell members including Guttha Ramesh Babu, Surya Telaprolu, and others based in the USA, the meeting highlighted sector-wise investment opportunities in the state.
Rao emphasized the supportive role of AP Chambers and the state government in industrial development, identifying high-potential sectors such as food processing, fisheries, textiles, infrastructure, logistics, IT & Electronics, tourism, hospitality, and pharmaceuticals. The session saw participation from around 300 NRIs globally, from countries including the USA, Canada, the UK, Germany, the Netherlands, the UAE, Malaysia, Singapore, and Australia.
J.A. Chowdary, a key figure behind Hi-tech City and Cyberabad, joined from India, discussing the potential for startups, technology adoption, and AI. He also announced the ‘Start-up Bus Yatra,’ set to be inaugurated by the Chief Minister from Amaravati on September 30, 2024.
AP Chambers’ general secretary B. Raja Sekhar and other representatives interacted with participants to address their concerns. Rao described the current business landscape in Andhra Pradesh, future prospects, and specific investment opportunities, which received enthusiastic responses from the NRIs. Many expressed interest in visiting the state within the next 2-3 months for further discussions.
In response to this interest, AP Chambers plans to establish a help desk to assist NRIs in realizing their investments, working closely with the Ministries of Industries, MSME, and NRI Affairs.
Source: Hans India
