CM Chandrababu Naidu is actively pursuing investment opportunities for Andhra Pradesh following the TDP+ government's assumption of office. Recently, Naidu engaged in discussions with BPCL to potentially establish a Rs. 60,000 to 70,000 crore oil refinery in the state. Now, another promising opportunity has emerged with "River," a Bengaluru-based startup specializing in electric vehicles.
River is in talks with governments across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu to set up a manufacturing facility capable of producing 500,000 electric scooters annually on a 25-50 acre site. With strong competition from neighboring states, Naidu faces a critical challenge in positioning Andhra Pradesh as the preferred destination for River's investment. His track record includes successfully attracting major investments such as KIA Motors to the state, marking significant milestones in Andhra Pradesh's industrial growth.
Securing River's investment would not only bolster the state's economy but also enhance its reputation as a hub for sustainable manufacturing. It presents a crucial opportunity for CM Babu to showcase his pro-business stance and attract positive attention to the new TDP+ government's efforts in promoting industrial development.