Andhra Pradesh Energy Minister Gottipati Ravi Kumar urges NRIs, entrepreneurs to invest in state

Andhra Pradesh Energy Minister Gottipati Ravi Kumar urged entrepreneurs and NRIs to invest in the state and take advantage of the opportunities available. In a virtual interaction with NRIs based in the US, he assured them that Chief Minister N. Chandrababu Naidu is fully prepared to provide necessary facilities for investors. Kumar also mentioned that the coalition government (NDA) is committed to restoring investor confidence and will soon introduce the country’s best industrial policy for the next five years.

He alleged that the previous YSRCP government’s policies had deterred industrialists from entering the state, resulting in the cancellation of investment agreements and a decline in new investments. Kumar emphasized that the TDP-led state government is welcoming investments in the power sector, particularly in solar and wind energy formats.

He mentioned that due to the alleged negligence of the previous YSRCP government, companies had exited the state, while suggestions from industry bodies such as ASSOCHAM, National Solar Energy Foundation, Indian Wind Power Association, and others were ignored.

The Energy Minister said the present government (TDP, BJP, and Janasena alliance) is open to deliberations and eager to take advice from the stakeholders.

He added that no other state in India can match the geographical advantages offered by Andhra Pradesh for entrepreneurs and emphasized the stability of the government in the state. According to Kumar, the goal of the state government is to attract investments and create job opportunities for local youth, reaffirming the commitment to generate 20 lakh jobs as promised in the run-up to the polls.