The Global Investors Summit (GIS) with the theme “Advantage Andhra Pradesh – Where Abundance Meets Prosperity” will occur in Visakhapatnam, Andhra Pradesh, on 3 and 4 March 2023. The summit aims to highlight investment opportunities in 13 sectors, and the state pavilion will exhibit the robust industrial base, thriving presence of MSMEs and startups, and investor-friendly environment. With attendance from investors and delegates from more than 40 countries, including China and the USA, the summit is set to be a global event.
Ministers and business leaders will gather on the first day to discuss the “Andhra Advantage” and its influence on India’s contemporary economy. The summit will cover various topics, including sustainable development, India’s technology, and the electric vehicle revolution. Andhra Pradesh has taken the lead in the ease of doing business rankings by establishing a fast-track mechanism. Additionally, the single window system consolidates 96 services from 24 government departments into one location, supporting corporate entities throughout their investment journey.
During the two-day investors’ conference, the government expects at least INR 1.7 lakh crore in investments, a significant shift for Chief Minister YS Jagan Mohan Reddy’s government, which has been criticised for ignoring development by focusing solely on the welfare agenda. Unlike the previous government, the summit is seen as a way to blunt attacks on its welfare focus, with the government being instructed to set realistic targets.
The government has identified 14 focus areas, including Automobile & Electric Vehicles, Electronic & IT, Aerospace & Defence, Healthcare & Medical Equipment, Tourism & Hospitality, Agri & Food Processing, Skill Development & Education, Renewable Energy, MSME startups, and Innovation. With a 974 km usable coastline, the government focuses on port-led development and the renewable energy sector.
In the run-up to the summit, several roadshows were held in Chennai, Bengaluru, Mumbai, and Hyderabad to attract investors. The Chief Minister participated in one of the roadshows held in Delhi, calling upon the nations to invest in Andhra Pradesh and be part of its economic growth.
The Global Investors Summit in Visakhapatnam is set to be a highly anticipated event, with delegates from over 40 countries attending. Representatives from China, the USA, India, UAE, Japan, Australia, Italy, France, Canada, South Korea, Russia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Bangladesh, Nepal, Sri Lanka, Myanmar, Cambodia, Laos, Mauritius, Brunei, Maldives, and Bhutan have all been invited to participate in the summit.
The event promises to be an excellent opportunity for investors and business leaders from across the globe to come together and explore collaborations and investments in the region. The delegates will discuss ways to foster economic growth, create jobs, and promote sustainable development.
The delegates will also be discussing ways to promote public-private partnerships, support innovation and entrepreneurship, and strengthen the capacity of small and medium-sized businesses. The summit is expected to be an excellent platform for the countries to share their experiences and best economic development practices and identify potential investments.
This Global Investors Summit is a testament to the region’s growing importance in the global economy, and the delegates at the event are sure to make the most of the opportunity to further their business interests.
Here is the confirmed list of delegates attending the Global Investors Summit in Visakhapatnam.
Speakers for tomorrow’s event
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