Vice President Highlights AI and Semiconductor Investments as Pillars of Future Growth

Visakhapatnam, November 13 (Daily Kiran) : Vice President CP Radhakrishnan addressed the closing session of the 31st CII Partnership Summit held in Visakhapatnam, Andhra Pradesh, on Friday. He praised the remarkable developmental achievements of the state under Chief Minister N. Chandrababu Naidu’s leadership.

Since June 2024, Andhra Pradesh has attracted over ₹22 lakh crore in investments through 714 projects, reflecting strong investor confidence and a surge in economic activity.

Radhakrishnan noted that the state’s vision of “Golden Andhra 2047” aligns with Prime Minister Narendra Modi’s vision of a “Developed India 2047.” Investments in green energy, artificial intelligence (AI), semiconductors, quantum technology, ports, aerospace, and advanced manufacturing are positioning Andhra Pradesh as a burgeoning hub for industry and innovation.

Referencing this year’s summit theme, “Navigating the New Global Order – Trade, Technology, and Trust,” the Vice President discussed how geopolitical uncertainties, technological shifts, climate change, and evolving supply chains are reshaping the global economy. He emphasized that each period of uncertainty also presents new opportunities. Countries demonstrating resilience, innovation, and reliable partnerships will be best positioned to shape the future.

He expressed confidence that under Prime Minister Modi’s leadership, India is steadfastly moving toward becoming a developed nation by 2047. Highlighting India’s growing economic strength, youthful and skilled workforce, vibrant entrepreneurial ecosystem, and focus on expanding manufacturing and services, he stated that India’s ambition is not just to participate in the emerging global economy but to play a leading role in shaping it.

Radhakrishnan underscored the transformative potential of AI, semiconductors, quantum computing, biotechnology, advanced manufacturing, and digital platforms. He clarified that “Atmanirbhar Bharat” (self-reliant India) should not be perceived as isolationist but rather as an initiative to build domestic capabilities, enhance competitiveness, and integrate more robustly with global markets.

Calling for collective national efforts toward the goal of a developed India by 2047, Radhakrishnan asserted that the responsibility for building a developed nation cannot rest solely on the government. Active participation from industry, education sectors, entrepreneurs, youth, and international partners is essential, aligning with the Prime Minister’s call for “Sabka Prayas” (Everyone’s Effort).

He urged all stakeholders to move beyond dialogue to action, turning opportunities into achievements and partnerships into shared prosperity. The Vice President expressed gratitude to all participating nations, international representatives, industry leaders, and institutions for their contributions to the summit.

Among those present were Andhra Pradesh Governor S. Abdul Nazeer, Chief Minister N. Chandrababu Naidu, Union Ministers Prahlad Joshi and K. Ram Mohan Naidu, as well as CII Director General Chandrajit Banerjee and CII’s appointed Chairperson Dr. Suchitra Ella.