Amaravati, Andhra Pradesh Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday called on global semiconductor companies to explore investment opportunities in the state, describing Andhra Pradesh as one of the most investment-friendly destinations in India.
Addressing the Semicon Ecosystem Roundtable in Singapore, the Chief Minister said Andhra Pradesh is following a ‘speed of doing business’ approach to facilitate investments and industrial growth.
“This is the right time for investors to explore opportunities in Andhra Pradesh. I invite industrialists to visit the state in the next 30 days and evaluate the policies and opportunities available,” Naidu said, according to an official press release.
He said that India is among the safest destinations for investments globally and noted that Andhra Pradesh provides a conducive environment for industries through investor-friendly policies and faster approvals.
Highlighting the state’s potential in the field of semiconductor manufacturing, he said that a semiconductor manufacturing facility would soon be set up in the Rayalaseema region.
The Prime Minister pointed out that Rayalaseema also offers huge opportunities in the areas of defence, aerospace, electronics, fighter aircraft manufacturing and automobile production.
Representatives of several semiconductor companies in Singapore attended the roundtable meeting and discussed opportunities for cooperation and investments in Andhra Pradesh.
Participants included representatives from GlobalFoundries, NXP, ASMPT, One System Technologies, TechSend Photomask, and Aquatech.
The statement added that the discussions focused on strengthening the semiconductor ecosystem and exploring investment opportunities in manufacturing and allied sectors in Andhra Pradesh.
Earlier, the Prime Minister released a book titled ‘CBN@361 Degrees – Polymath’ in Singapore, which analyzes his leadership and decision-making style as a public official.
Naidu participated in an event organized by the Local Telugu Association of Singapore and officially released the book.
He presented the first copies to the Indian High Commissioner in Singapore, Shilpak Ampol, Municipal Administration Minister P Narayana and representatives of the association.
The book was written by Chakamuri Srinivasa Prasad, a senior journalist and editor, and translated into English by retired IAS officer KV Satyanarayana.
According to the author, the book examines several decisions taken by Naidu over the years and analyzes his role as a visionary leader in governance and development.
Prasad said Naidu’s decision-making was comparable to the decisions of globally recognized leaders such as former Singapore Prime Minister Lee Kuan Yew and former New Zealand Prime Minister Jacinda Ardern.
He pointed out that Naidu’s vision for the development of Andhra Pradesh and his commitment to building Amaravati as the state capital were examples of his approach as a leader.
The book also highlights lesser-known aspects of Naidu’s public life through observations and opinions expressed by Ramanath, former Andhra Pradesh RERA chief, on various occasions, the author said.
During the event, representatives of the association presented Naidu with a commemorative silver coin issued to mark the centenary of Lee Kuan Yew, considered the architect of modern Singapore. The organizers said that the book will be released soon in Telugu, Hindi and other Indian languages.
They also pointed out that the digital version of the previously published book ‘Chandrababu X.0’ recorded around eight million downloads.
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