Analysing the transformation of Andhra Pradesh into an inclusive and competitive business destination and its plans of becoming a leading global investment destination by 2050.
Andhra Pradesh started its transformation with emphasis on inclusive development and has truly worked towards becoming India’s sunrise state. ‘From focusing on building world-class infrastructure to developing logistics to become a manufacturing hub, setting-up top technical institutions and private universities to become a knowledge and education hub, introduction of several reforms in agriculture and irrigation to safeguard against the impact of natural events, Andhra Pradesh has had an eventful transformation journey over the last 3.5 years since its formation in June 2014. With greenfield capital city of Amaravati poised to be developed as a city of global standards, the state is on track to achieve its vision of becoming a leading global investment destination by 2050. Robust policy environment supported by strong governance by adopting technology for real-time monitoring of key performance indicators across all sectors has ensured positive results. The ‘sunrise state’ of India is steadily marching ahead with new reforms for holistic growth and this report by KPMG in India aims to provide a fair understanding of the state’s transformation journey and way forward, thereby presenting an opportunity for forming strong partnerships.
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