Red Carpet Rolled Out for Renewable Energy Investments in AP

Vijayawada: Energy minister Gottipati Ravi Kumar has highlighted the ample opportunities for entrepreneurs to invest in Andhra Pradesh, stating that no other state in the country matches AP’s geographical advantages.

During a virtual meeting with non-resident Indians in the United States, the minister urged them to invest in AP. He also encouraged the investors to confidently set up industries in the state, emphasising on the politically stable government at present.

The minister assured that the Telugu Desam government, under Chief Minister Nara Chandrababu Naidu’s leadership, was fully prepared to provide the necessary facilities for investors.

He noted that previous government’s policies had deterred industrialists from entering the state, leading to the cancellation of investment agreements and a decline in new investments.

The coalition government, he said, is committed to restore investors’ confidence and will soon introduce the best industrial policy for the next five years.

The energy minister also mentioned that the AP government was happy to have investors who are interested in investing in the power sector, particularly in solar and wind energy.

He pointed out that the previous government had neglected the suggestions and appeals of associations like the National Solar Energy Foundation, Indian Wind Power Association and ASSOCHAM.

The coalition government, however, is open for discussions and is eager to consider the advice of these associations, he said.

Ravi Kumar reiterated the government’s goal to attract investments and create job opportunities for local youth. He also reaffirmed their commitment to generate 20 lakh jobs as promised during the election campaign.