Kurnool: Andhra Pradesh is emerging as a major investment destination, attracting nearly 25 per cent of the total proposed investments coming into India, Industries Minister T.G. Bharath Gupta said.
Addressing the Bus World India Conclave 2026 in New Delhi, the minister said growing investor confidence in the leadership of Chief Minister N. Chandrababu Naidu was a key factor behind the achievement.
Bharath participated in the event along with Union Minister for Road Transport and Highways Nitin Gadkari. Citing Forbes data, he said Andhra Pradesh accounted for more than 25 per cent of India's total proposed investments.
He said the state government was implementing a "Speed of Doing Business" policy to facilitate industries and improve ease of doing business.
"India is fast emerging as a global hub for future mobility, and Andhra Pradesh will play a crucial role in this transformation," he said.
Highlighting the state's strengths, the minister said Andhra Pradesh has a coastline of over 1,000 km and six operational ports, making it strategically important for industrial growth.
He added that major automobile companies such as Kia India and Isuzu Motors India had already established operations in the state. The government was now focusing on electric mobility and battery manufacturing sectors.
Bharath said the AP EV Policy 4.0 was attracting investors through incentives such as capital subsidies, reimbursement for SC/ST entrepreneurs, power tariff concessions and 100 per cent stamp duty exemption.