Time to Make AP One of The Top 10 Global Investment Destinations – CM

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2-11-16-8-copy

Andhra Pradesh is now number one in ease of doing business in the country, as confirmed by secure sources. The state is slowly getting into the zone, attracting some lucrative investors and projects. CM Sri N Chandrababu Naidu had just upped the bar of achievements. He intends a bigger forum and possibility for AP – let’s say, global.

The state government now aims to make AP one of the top 10 investment destinations in the world in the next few years.

“We are drawing plans for that. Last year we were number two in the country and this year we are number one in ease of doing business. In the coming years, we want to be among the top five, six or ten in the world,” Chief Minister N Chandrababu Naidu said while addressing the Telugu Desam workers recently.

“Ranks should create a perception (about the state). The perception should translate into decisions and investments into the state. We have to think beyond India” Mr Naidu told his Cabinet colleagues and senior bureaucrats, managing collective expectations way forward.

As of now, Andhra Pradesh holds the credibility of being the only state to be ranked 51 in the global competitiveness index of the World Economic Forum, and India as such is ranked at 56.

“We have to benchmark ourselves with countries like Switzerland and Singapore (ranked no 1 and 2 respectively) and aim to reach the top. Pick up the best practices from those countries and try to implement them here,” CM said.

By 2022, Andhra Pradesh aims to improve its ranking to 38 from 51.

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