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Andhra Pradesh Ministers Reviewed on File Clearances: "Speed is Our Mojo," Says Nara Lokesh
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Moneycontrol•24-09-2026, 14:52
Andhra Pradesh Ministers Reviewed on File Clearances: "Speed is Our Mojo," Says Nara Lokesh
- •Andhra Pradesh is prioritizing speed of execution in its investment strategy, with ministers' file clearance rates under review.
- •State Minister Nara Lokesh stated that "Speed is our mojo" for attracting investments, citing successful project grounding in Andhra Pradesh.
- •The state is also focusing on sector-specific industrial clusters to attract investments and reduce business costs, identifying 23 clusters.
- •Andhra Pradesh aims to grow its economy from $200 billion to $2.4 trillion by 2047, driven by sustained economic growth and job creation.
- •Lokesh highlighted a "people" component in the public-private partnership model, emphasizing collaboration for poverty eradication and opportunities.
Key Questions Answered
Andhra Pradesh is a $200 billion economy that aims to expand to $2.4 trillion by 2047 under its Swarna Andhra vision, targeting sustained annual growth of over 15 percent.
The state has identified 23 thematic-based industrial clusters covering sectors like artificial intelligence, pharmaceuticals, and horticulture to bring the entire business ecosystem within a 100 km radius.
Ministers in Andhra Pradesh are regularly reviewed on the speed at which they clear files, as faster decision-making has become a central part of the state administration's culture to attract investments.
