Andhra Pradesh minister promotes ‘speed of doing business’ in pitch for Russian investment
Nara Lokesh, the state’s IT and human resources minister and an ally of Prime Minister Narendra Modi, told the forum that Andhra Pradesh distinguishes itself not just through policy frameworks but through rapid on-the-ground execution of major projects.
“What we are most proud of is not policy on paper, it is our prowess, it is our execution, it is our record of delivery on ground,” Lokesh said. He added that the state prioritizes swift implementation once investors commit, stating, “We are known for moving with speed when an investor makes a commitment. That speed matters. We call it speed of doing business,” while also expressing that he is “available to the investors of Russia.”
He noted that Andhra Pradesh, currently a $215 billion economy, has set an ambitious target of expanding to $2.4 trillion by 2047.
The minister also highlighted recent large-scale investments in the state, including Google’s groundbreaking for a $15 billion artificial intelligence hub. The project is expected to include India’s first gigawatt-scale AI infrastructure, with multiple data center campuses designed to support advanced artificial intelligence deployment and expanded digital services across the region.
During the forum, Lokesh also held discussions with Russian business figures, including Anton Zakharov of Element Group, a semiconductor-focused company, and Julia Suhoroslova, CEO of Nanotronica, focusing on potential cooperation and investment opportunities in Andhra Pradesh.
He further pointed to Russian aluminum producer Rusal’s reported interest in increasing its stake in Pioneer Aluminium Industries, which operates a 1.5-million-ton alumina refinery in the state, as an example of what he described as a favorable investment environment.
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