Amazon Executive Chairman Jeff Bezos and Samsung Chairman and CEO Oh-Hyun Kwon are among those invited to the port city summit.
The Andhra Pradesh government has invited Prime Minister Narendra Modi, Apple CEO Tim Cook, Tesla CEO Elon Musk, Google CEO Sundar Pichai, and Microsoft Executive Chairman and CEO Satya Nadella to its Global Investors Summit (GIS), which will be held in Visakhapatnam on March 3 and 4.
Fifteen Union Ministers, 15 Chief Ministers, 44 global industrialists, 53 Indian industry bigwigs, and ambassadors from various countries have been invited to the two-day event, on which the Y S Jagan Mohan Reddy government is betting big to attract large-scale investments.
Amazon Executive Chairman Jeff Bezos and Samsung Chairman and CEO Oh-Hyun Kwon are among those invited to the port city summit.
Some of the Indian titans invited include Mukesh Ambani, Gautam Adani, Anand Mahindra, Kumar Mangalam Birla, Adi Godrej, Rishad Premji, and N Chandrasekaran.
The Chief Minister stated in his message ahead of the event that the GIS was being hosted “with the goal of preparing for the future.” He has invited everyone involved to attend the event and “work with us” to “see your business flourish.” The Jagan Mohan Reddy government conducted a diplomatic outreach programme in Vijayawada shortly after taking power in May 2019, seeking investments from various countries.
The state government is now attempting to highlight “Advantage Andhra Pradesh” in a big way through the GIS, proclaiming “abundance in every sphere” and a welcoming business environment for investors.
“In 2022, the AP State government cleared investment proposals worth Rs 1,26,750 crore, of which Rs 81,000 crore were towards green energy projects,” YSR Congress MP V Vijayasai Reddy said in a tweet. 2023 will be even bigger as we rally behind the Global Investors Summit on March 3 and 4 in Vizag. “AP is on the rise.” Official sources said that while no “specific target” for prospective investments has been set, it is expected to bring in “anywhere between Rs 5-8 lakh crore” into various sectors.
“The summit will provide an all-inclusive platform for international and domestic investors, policymakers, diplomats from various countries, country business delegations, influencers, industry associations, and trade bodies to explore opportunities and form long-term partnerships,” said a top official from the Industries and Investment Department.
Business-to-Business (B2B) and Government-to-Business (G2B) meetings, as well as sector-specific plenary sessions, would be held at the event to showcase opportunities for global leaders.
“Among others, our focus sectors include agri-food processing, aerospace and defence, automobile and electric vehicles, industrial and logistics infrastructure, petroleum and petrochemicals, electronics and information technology, pharmaceuticals, renewable energy, MSMEs, and tourism,” the official said.
Apart from the industrial development policy, he said the state government has already unveiled sector-specific policies covering pumped storage power, bulk drug parks, retail parks, electric mobility, renewable energy export, electronics, and IT.
To promote the Summit, the state government will hold roadshows in Germany (January 20-26), Japan (Jan 25-27), South Korea (Jan 30-31), and the United States (February 6-10).
Roadshows will also be held in the UAE and Taiwan, but the dates have not yet been set.
The Summit will hold a roadshow in New Delhi from January 10 to 14 and in Mumbai on February 3. Dates for the event in Bengaluru, Chennai, and Hyderabad have yet to be determined.
