Andhra Pradesh invites Elon Musk, Tim Cook, Jeff Bezos for Investors Summit

Mukesh Ambani, Gautam Adani, Anand Mahindra, Kumar Mangalam Birla, Adi Godrej, Rishad Premji and N Chandrasekaran are some of the Indian industry giants being invited.

In his message ahead of the event, the chief minister noted that the GIS was being hosted "with the goal of preparing for the future." He has extended an invitation to all concerned to attend the event and "work with us" to "see your business flourish." Soon after it assumed power in May 2019, the Jagan Mohan Reddy government had conducted a diplomatic outreach programme in Vijayawada seeking investments from different countries.

Now the state government is seeking to showcase "Advantage Andhra Pradesh" in a big way through the GIS, proclaiming "abundance in every sphere" and a conducive business environment for investors.

YSR Congress MP V. Vijayasai Reddy laude the state's contribution toward green energy projects in 2022 with a hopeful nod toward 2023 in a tweet.

Official sources said though a "specific target" has not been fixed for prospective investments, it was expected to garner "anywhere between Rs 5-8 lakh crore" into different sectors.

"The summit will offer an all-inclusive platform to international and domestic investors, policy-makers, diplomats from various countries, country business delegations, influencers, industry associations and trade bodies to explore opportunities and enter into long-term partnerships," a top official of the Industries and Investment Department said.

The event would have business-to-business (B2B) and government-to-business (G2B) meetings and sector-specific plenary sessions to exhibit opportunities for global leaders.

"Our focus sectors are 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, among others," the official said.

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, apart from the industrial development policy.

The state government will conduct roadshows in Germany (January 20-26), Japan (Jan 25-27), South Korea (Jan 30-31) and USA (February 6-10) to propagate the Summit.

Roadshows will be held in the UAE and Taiwan as well but the dates have not been fixed yet.

In India, a roadshow of the Summit will be conducted in New Delhi from January 10-14 and in Mumbai on February 3. Dates for the event in Bengaluru, Chennai and Hyderabad have not been finalised.