Andhra Pradesh seeks to attract $4 billion investment in EV segment

Andhra Pradesh is seeking to position itself as the ‘lighthouse state’ and attract investments to the tune of USD 4 billion in the electric vehicles segment over the next few years.

As a first step in this direction, the state government on Friday conducted a day-long CEO-Ministerial Dialogue to frame a requisite policy by eliciting views and ideas from various stakeholders.

This is the first such initiative by a state under the World Economic Forum-Moving India network on ‘Shaping the Future of Mobility’, according to AP Industries and Investment Minister Gudivada Amarnath.

“The global automobile industry today is at an inflection point.