After the Chandrababu Naidu-led NDA came into power in Andhra Pradesh, development and welfare activities are now back on track after being severely disrupted during the last five years under the YSR Congress Party’s rule.
Major companies are coming forward to invest in Andhra Pradesh, and over the past three months, the state has seen a significant rise in investments.
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One of the top Indian companies, Tata announced investments in various sectors in Andhra Pradesh and seems to be positioning the state as its next major hub.
Tata Group Chairman N. Chandrasekaran met Chandrababu Naidu yesterday in Amaravati and discussed the collaboration between Tata Group and the Government of Andhra Pradesh.
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On X, Naidu wrote, “Tata Group continues to be an important stakeholder in the growth of Andhra Pradesh. During my meeting with Mr. N. Chandrasekaran today, I also discussed some key areas of growth in AP, where GoAP and Tata Group could collaborate.”
He announced that TCS will soon set up an IT Development Center in Vishakapatnam, which can provide employment for around 10,000 people.
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To boost tourism and industrial growth, Tata Group is planning to set up 20 hotels across the state (Taj, Vivanta, Gateway, SeleQtions, and Ginger Hotels) along with a large convention centre.
Tata Power will set up solar and wind projects with an investment of around Rs. 40,000 crore. Additionally, Naidu and Chandrasekaran discussed the potential collaboration to innovate deep tech and AI solutions for primary healthcare.
Naidu wrote that the Ratan Tata Innovation Hub will be set up to mentor entrepreneurs across the state to achieve the ‘One, One Family Entrepreneur’ vision.
All these investments from Tata will significantly boost the development and economic growth of Andhra Pradesh and also indicate that the company is considering AP as a potential hub for investment across various sectors.
