India's first drone taxi to launch in Andhra Pradesh
What's the story
Andhra Pradesh Chief Minister N Chandrababu Naidu has unveiled an ambitious economic vision for the state at the CII Partnership Summit. He promised to make AP a center of innovation, investment, and job creation. The CM also announced that India will get its first drone taxis in two years, starting from his state.
Investor assurance
Naidu assures frictionless investment environment
Naidu assured investors, both global and domestic, of a seamless investment experience in Andhra Pradesh. He announced that the state will soon introduce escrow accounts for secure fund transfers through banks. "We will implement sovereign guarantee if required," he added. The CM also highlighted that AP has already attracted $20 billion in investments over the last 18 months, creating 20 lakh jobs.
Growth projection
Andhra Pradesh's ambitious investment target
Naidu has set an ambitious target for Andhra Pradesh to attract $500 billion in investments over the next three years. He said this could create up to 50 lakh jobs. The CM extended an open invitation to global investors, saying, "Once you commit investment, our people will be after you. You won't need to follow up with us."
Business backing
Industry leaders support Naidu's vision for Andhra Pradesh
Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv Ltd, pledged to promote skilling across Andhra Pradesh. He announced the establishment of the Rahul Bajaj Centre of Excellence in Skilling with CII, which now has centers in multiple cities including Amaravati and Vijayawada. Karan Adani, MD of Adani Ports & SEZ also endorsed Naidu's leadership calling him "an institution" and "the original CEO of Andhra Pradesh."
Investment pledge
Adani Group's long-term commitment to Andhra Pradesh
Adani also praised Nara Lokesh, the state's IT Minister, for his work in skilling and digital infrastructure. He announced that the Adani Group has already invested ₹40,000 crore in Andhra Pradesh and will invest another ₹1 lakh crore over the next 10 years across various sectors including ports, logistics, cement, data centers and energy.