‘Accelerating Sustainable Production’ - A USD 5 billion opportunity in the Automotive and Electronics Industries in Andhra Pradesh
A joint initiative by the Andhra Pradesh Economic Development Board and World Economic Forum.
During the World Economic Forum, Sustainable Development Impact Summit in New York, the Hon’ble Chief Minister of Andhra Pradesh, Mr Chandrababu Naidu, launched the findings of the project, “Accelerating Sustainable Production” in Andhra Pradesh.
The joint study undertaken by the World Economic Forum (WEF), Accenture Strategy in collaboration with Government of Andhra Pradesh, identifies a $5 billion annual opportunity for the automotive and electronics sector in Andhra Pradesh enabled by Fourth Industrial Revolution (4IR) technologies for manufacturing.
Andhra Pradesh is the first region where World Economic Forum is working towards contextualizing their global study on ‘Driving the Sustainability of Production Systems with Fourth Industrial Revolution Innovation’.
The state of Andhra Pradesh under the futuristic vision of the Hon’ble Chief Minister is leapfrogging in its approach for preparing the state’s economy to lead and be ready to embrace the opportunities that the 4IR has to offer.
Under the leadership of the Hon’ble Chief Minister, the State Government is working very closely with international institutions as well as businesses to scope out opportunities for job creation as well as laying a lot of emphasis on training and skilling to make the youth job ready for the jobs of the future.