Firm on making AP a premier investment hub

Visakhapatnam: Andhra Pradesh Minister for IT and Electronics and TDP general secretary Nara Lokesh on Thursday said that under leadership of Chief Minister N Chandrababu Naidu, the coalition government is keen to transform the State into a premier investor-friendly destination.

In a posting on X (formerly Twitter), he said: “Thirty years ago, @ncbn garu saw the opportunity to develop a world-class IT ecosystem in Hyderabad. By identifying this opportunity early and inspiring a team with his vision, he brought the world’s largest corporates to make investments in Hyderabad and make it a global IT / ITES powerhouse.”

Lokesh said, “Once again, Andhra Pradesh is at the cusp of history, with global majors looking to establish large manufacturing and services complexes here. We are developing a framework to take advantage of our best-in-class infrastructure and high-quality manpower and welcome investors to the State. We invite the best talent.”

During his interactions with the entrepreneurs here, his first visit after becoming a Minister after a gap of five years, he sought suggestions from the entrepreneurs to develop the IT and electronics ecosystem in AP drawing inspiration from the success story of Telangana.