Andhra Pradesh targets $2.40 trillion economy through sector clusters
Andhra Pradesh’s proposed cluster-specific economic strategy covers quantum technology, horticulture, rare earths and biomedicine, IT and HRD Minister Nara Lokesh said at an event in New Delhi. He said the plan aims to create both blue-collar and white-collar employment.
Andhra Pradesh is targeting a $2.40-trillion economy through a cluster-specific development strategy, IT and HRD Minister Nara Lokesh said at an event in New Delhi, according to The Hindu. The strategy covers sectors including quantum technology, horticulture, rare earths and biomedicine. The supplied material does not provide a timeline for reaching the target or explain how the clusters would be financed or developed.
Lokesh said the approach was intended to create both blue-collar and white-collar jobs. No employment target, investment figure or individual project was specified in the material. The report also does not give details of the locations proposed for the clusters, the policies supporting them or the response of industry and other stakeholders.
The stated plan combines technology, agriculture, minerals and healthcare-related sectors in pursuit of the economic objective.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.