Global Investors Summit 2023: Andhra Pradesh aims to set up 20,000 new MSMEs

Sakshi Education

The Andhra Pradesh government will hold a two-day Global Investors Summit 2023 on March 3 and 4 at Visakhapatnam with the aim to achieve remarkable growth in the industrial sector. The theme of the summit is "Advantage Andhra Pradesh – Where Abundance Meets Prosperity".
At the summit, the state government will showcase its robust presence of MSMEs and startups, good infrastructure, business-friendly environment, and its pool of talented, skilled young population. Several roadshows have been held in Chennai, Bengaluru, and Mumbai to attract investors.
The state has identified various sectors with high growth potential in the long run which include aerospace, defense, agri and food processing, automobiles, EVs, electronics, IT, healthcare, medical equipment, logistics, MSME, startups, petroleum, pharma, renewable energy, textiles, tourism and hospitality.
According to Andhra Pradesh's Economic Development Board, there has been an increase in MSMEs development and job creation in the state, demonstrating his dedication to a vibrant economy for everybody. In three years, 37,956 MSME units have grown to 60,800 units employing 5,61,235 from 4,04,939 in 2019.

Download Sakshi Education Mobile APP