Business EconomyPosted at: Nov 13 2026 10:04PM


AP emerging as major gateway for India's global economic engagement: Vice-President

Visakhapatnam, Nov 13 (UNI) Vice-President C P Radhakrishnan on Friday said Andhra Pradesh was emerging as a major gateway for India's global economic engagement, with the state attracting 714 investment projects worth over Rs 22 lakh crore since June 2024.
Addressing the valedictory session of the 31st CII Partnership Summit here, he said the investment proposals reflected strong investor confidence and the state's growing economic momentum under the leadership of Chief Minister N Chandrababu Naidu.
He said Andhra Pradesh's vision of Swarna Andhra 2047 was aligned with Prime Minister Narendra Modi's vision of Viksit Bharat 2047.
Investments in green energy, artificial intelligence, semiconductors, quantum technology, ports, aerospace and advanced manufacturing were positioning the state as an emerging industrial and innovation hub.
Referring to the summit's theme, 'Navigating the New World Order – Trade, Technology and Trust', the Vice-President said geopolitical uncertainties, technological disruptions, climate change and changing global supply chains were reshaping the global economy.
India aspired not merely to participate in the emerging global economic order but to play a leading role in shaping it, he said, citing the country's growing economic strength, skilled workforce, entrepreneurial ecosystem and expanding manufacturing and services sectors.
Highlighting the potential of emerging technologies, Radhakrishnan said artificial intelligence, semiconductors, quantum computing, biotechnology, advanced manufacturing and digital platforms would play a transformative role in the future economy.
He said Atmanirbhar Bharat should not be viewed as turning inward but as strengthening domestic capabilities, improving competitiveness and integrating more deeply with global markets.
Achieving the Viksit Bharat 2047 goal required the active participation of industry, academia, entrepreneurs, youth and international partners, besides government initiatives, he said, calling for collective efforts in line with the Prime Minister's vision of Sabka Prayas.
The Vice-President urged stakeholders to translate the discussions and opportunities identified at the summit into concrete action and shared prosperity.
Andhra Pradesh Governor S Abdul Nazeer, Chief Minister N Chandrababu Naidu, union Ministers Pralhad Joshi and K Ram Mohan Naidu, state Ministers Nara Lokesh and T G Bharath, CII Director General Chandrajit Banerjee and CII President-designate Suchitra Ella, among others, attended the session.
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