Andhra Pradesh Chief Minister N. Chandrababu Naidu addressed the Assembly, emphasizing the restoration of investors’ confidence and the revival of Brand Andhra by the coalition government. He mentioned that the state’s image suffered between 2019 and 2024, with 913 companies closing down during this period according to an RBI report. The Chief Minister stated that Andhra Pradesh has become a preferred destination for business growth under the current government, with efficient approvals facilitated by 26 policies.
The government’s initiatives include granting industrial status to tourism, establishing industrial parks in all 175 constituencies, and releasing industrial incentives amounting to Rs 210 crore. Naidu highlighted the creation of over 6.28 lakh jobs in the state within 20 months, with significant employment opportunities in various sectors such as MSMEs, skill development, industries, and food processing. He also mentioned the recent Investors’ Summit in Visakhapatnam, where investments worth Rs 13.25 lakh crore were secured, promising the generation of 16 lakh jobs.
Plans for balanced regional development were outlined, with a focus on developing economic regions in Visakhapatnam, Amaravati, and Tirupati. The state aims to achieve a $2.4 trillion economy by 2047, with Visakhapatnam emerging as a hub for Information Technology and Global Capability Centres. Naidu also highlighted the establishment of India’s first Quantum Computer Valley in Amaravati and the development of Tirupati as a hub for space, electronics, and defence industries.
In the healthcare sector, the Chief Minister announced the introduction of a Universal Health Policy applicable to all citizens, providing free medical services up to Rs 2.5 lakh. Efforts are being made to ensure affordable healthcare through the construction of medical colleges under the PPP model and the establishment of 100-bed hospitals in every constituency. Naidu emphasized that the government’s objective is to provide quality healthcare to all citizens through initiatives like the Sanjeevani project.
