Andhra Pradesh CM Chandrababu Naidu expressed confidence of achieving 15 percent growth rate

Amaravati: Chandrababu Naidu, the chief minister of Andhra Pradesh, stated his confidence in creating and carrying out a number of strategies to reach a 15% growth rate.

As he engaged with various industrial giants during a Task Force meeting on the steps to be taken to achieve the goal of Vision-2047 on Monday, Chandrababu Naidu stated, “Creating wealth is possible only by providing various kinds of opportunities after which the living conditions of the poor can be increased by distributing this wealth to them.”

Recalling that the previous TDP government reached a growth rate of 13.5%, the Chief Minister expressed confidence that a 15% growth rate will undoubtedly be attained presently.

Chandrababu said unequivocally that the state government would make the choices to put the required plans and policies into effect in order to accomplish this goal.

In order to propel AP’s development, our duty is to lead discussions, pinpoint opportunities for economic growth, evaluate infrastructural requirements, and suggest policy changes. We have determined a number of important goals in a number of areas, including manufacturing, MSMEs, entrepreneurship, infrastructure, and skills development, in order to meet our growth goal for Andhra Pradesh. “The Taskforce will develop a thorough plan to propel significant expansion by 2030 and 2047, draw in fresh capital, and establish Andhra Pradesh as a pioneer in economic development, establishing the groundwork for sustained prosperity,” CM Naidu said.

The Chief Minister chaired the first Task Force meeting, which focused extensively on a number of topics. The conference, which was co-chaired by Chandrasekharan, the Executive Chairman of the Tata Group, was attended by all of the Cabinet Ministers, members of the Confederation of Indian Industry (CII), top executives from several ministries, and other industrial giants.

Along with sharing his thoughts on Vision 2047, CM Chandrababu also spoke about the numerous actions that need to be performed in various sectors in addition to the policies that the state government is currently implementing. In order to accomplish the aim, he also asked each of them for recommendations on a variety of topics.

“The technology is more sophisticated now, and it is imperative that we use it appropriately. “We will achieve outstanding outcomes if we give the youth opportunities,” the Chief Minister said. Naidu believed that the state should serve as a platform for new ideas and inventions since it possesses all the infrastructure people need, including natural resources, human resources, basic amenities, and the essential roadways and airports.

“Speed of Doing Business is our current emphasis, although we previously discussed Ease of Doing Business. The Chief Minister said, “We are now working toward the goal that every family should have one entrepreneur, but we worked hard to ensure that every household had one IT employee.” He continued by saying that this is the reason the state government has implemented the finest policies in this area to get the greatest outcomes in the industrial sector.

The meeting was attended by a number of people, including the Chairman of the GMR Group, GM Rao; the Director General of CII, Chandrajit Banerjee; the Executive Chairman of Tata Sons, Chandrasekharan; the Chairman of the TVS Company, Venu Srinivasan; the Chairman of Reddy Labs, Sateesh Reddy; and the Chairman of L&T, SN Subrahmaniyan.