Amaravati (Andhra Pradesh), Aug 5 (PTI) Andhra Pradesh Energy Minister Gottipati Ravi Kumar on Monday urged entrepreneurs and NRIs to come forward and invest in the state to capitalise on umpteen opportunities.

In a virtual interaction with NRIs based in the US, he assured them that Chief Minister N Chandrababu Naidu is fully prepared to provide the necessary facilities for investors.

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"The coalition government (NDA) is committed to restoring investor confidence and will soon introduce the country's best industrial policy for the next five years," said Kumar in a press release.

He alleged that the YS Jagan Mohan Reddy-led previous YSRCP government's policies had deterred industrialists from entering the state, leading to the cancellation of investment agreements and a decline in new investments.

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Further, he emphasised that the TDP-led state government is happy to welcome investments in the power sector, particularly in solar and wind energy formats.

Due to the alleged negligence of the previous YSRCP government, Kumar said companies had exited the state while suggestions from proactive industry bodies such as ASSOCHAM, National Solar Energy Foundation, Indian Wind Power Association and others were also ignored.

However, the Energy Minister said the present government (TDP, BJP and Janasena alliance) was open to deliberations and eager to take advice from the stakeholders.

Further, he said no other state in India can match the geographical advantages offered by Andhra Pradesh for entrepreneurs and added that Andhra Pradesh is endowed with a stable government.

According to Kumar, the goal of the state government is to attract investments and create job opportunities for local youth and reaffirmed the commitment to generate 20 lakh jobs as promised in the run-up to the polls.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)