Andhra Pradesh Seeks Swiss R&D, Manufacturing Investments

24 Jan 2025 CW Team

In a bid to boost economic growth, Andhra Pradesh's IT and HRD Minister, Nara Lokesh, invited Swiss investors and universities to establish manufacturing units and collaborate on research and development (R&D) projects in the state. During his visit to Switzerland as part of the Davos tour, Lokesh met with industrialists in Zurich and showcased the advantages of Andhra Pradesh's infrastructure, including its extensive coastline, superior connectivity, and port facilities.

The state government aims to foster innovation through the creation of hubs and incubators, encouraging technology transfers and start-up growth. Lokesh emphasized the establishment of a Swiss vocational education and training model centre in Andhra Pradesh, similar to existing programs in Pune, to support skill development among the youth.

In the pharmaceutical sector, the Minister invited global giants like Novartis, Roche, Lonza, and Alcon to set up operations in the state, highlighting Andhra Pradesh's favorable conditions for foreign investments, which are incentivized by the new industrial policy. The state offers attractive incentives for foreign investments in key sectors such as manufacturing, textiles, electronics, rail components, pharmaceuticals, and medical devices.

Lokesh also discussed the potential for a world-class golf city in the state with representatives of Stone Craft group, which is planning PGA-branded golf courses in major cities. This initiative, if realized, could significantly boost tourism and economic development, transforming Andhra Pradesh into a global sports destination.

With Amaravati rapidly evolving into a world-class city, Lokesh assured investors that all required approvals for new projects would be granted within 15 days, underscoring the state's commitment to ease of doing business.

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