Day 1 of the Andhra Pradesh Reimagining Public Finance Summit 2025 commenced today with powerful insights, landmark discussions, and visionary addresses – setting the stage for a transformative dialogue on the future of public finance in Andhra Pradesh.
Organised by the Finance Department, Government of Andhra Pradesh, in collaboration with Elets Technomedia, the two-day summit is themed “Reimagining Public Finance for Viksit Andhra @2047.” It aims to build a forward-looking framework for fiscal innovation, sustainable capital mobilisation, PPP-led development, and institutional transformation.
Spotlight Moment of the Day: Chief Minister’s Address
Shri N. Chandrababu Naidu, Hon’ble Chief Minister, Government of Andhra Pradesh, stated that he has envisioned a transformative roadmap for the state through Swarna Andhra 2047. He recalled how people have often described him as a leader ahead of his time, noting that his early decision to champion Information Technology — treating IT as a public policy — came at a time when very few recognised its potential. These forward-looking decisions, he said, built strong digital, knowledge, and power-sector foundations that continue to benefit the state even today. The Chief Minister announced that Andhra Pradesh is now targeting ₹20 lakh crore in investments, backed by sovereign guarantees, escrow-account-based financial safeguards, and a renewed push to enhance the speed of doing business. He added that the state will also launch drone taxis and drone cars within the next two years.
With a 1,000 km coastline, fertile land, and an energetic and entrepreneurial population, Andhra Pradesh stands as the logistics gateway of the East Coast, forming the core of the Swarna Andhra 2047 vision. He expressed appreciation to the Finance Department and Elets Technomedia for organising the summit, emphasising that reimagining public finance is essential to building a resilient, globally competitive, and future-ready Andhra Pradesh.
The Chief Minister reinforced the state’s commitment to a transparent, efficient, innovation-driven financial system to achieve the Swarna Andhra Vision.
The session also saw the launch of the Special Souvenir themed “Andhra Pradesh – Powering Progress through Partnerships”
Inaugural Session Sets the Tone for a Transformative Summit
The summit began with a warm welcome and ceremonial lamp lighting, followed by the Welcome Address by Dr Ravi Gupta, Founder & CEO, Elets Technomedia.
who noted Andhra Pradesh’s unprecedented pace of development across infrastructure, logistics, energy, and investments.
A thought-provoking special address by Shri Peeyush Kumar, IAS, Principal Secretary (Planning & Finance), Government of Andhra Pradesh, highlighted the state’s strategic shift toward a diversified, future-ready economy. He reiterated Andhra Pradesh’s aspiration to achieve a USD 2.4 trillion economy with a USD 42,000 per capita income by 2047, as envisioned in the Swarna Andhra 2047 Vision.
The Hon’ble Minister for Finance, Shri Payyavula Keshav, in his keynote, captured the state’s fiscal journey – from post-bifurcation economic stress to renewed efforts to restore investor confidence and rebuild core infrastructure. He emphasised that reimagining public finance is vital to sustaining equitable, technology-driven, and environmentally responsible growth.
Shri Suresh Kumar, IAS, Principal Secretary, MA&UD, also delivered a special address on “urban infrastructure financing”, detailing the massive urbanisation shift underway- highlighting that 60–65% of the AP population will be urban in the next 15 years, making infrastructure financing one of the most critical priorities for the state.
A special address by Dr K. Ellangovan, IAS, Managing Director, Kerala Infrastructure Fund Management Limited, delved into innovative infrastructure funding pathways and the importance of institutional reforms and blended financing.
Top Themes Emerged
Public–Private Partnership in Logistics: A powerful opening panel brought together leaders from NHAI, HUDCO, Essar Port, HMRC, and IIFCL to discuss collaboration models and risk-sharing architectures crucial for strengthening the state’s logistics ecosystem.
Gaps & Challenges in Effective Public Financing: Senior leaders from AIIB, ADB, JBIC, EESL, NICDC, and IIFCL explored how multilateral funding, climate finance, and cross-border cooperation could strengthen AP’s capital mobilisation efforts.
Debt Management & Fiscal Sustainability: Moderated by Shri Ronald Rose, IAS, the session covered responsible borrowing, FRBM targets, and mechanisms to ensure fiscal resilience. Speakers from RBI, Bank of Baroda, and Andhra Pradesh Grameena Bank emphasised the importance of sustainable liabilities, cash-flow discipline, and expanding rural credit access.
Enhancing Creditworthiness & Asset Monetisation: Industry leaders from Mirae Asset, CareEdge, Acuité, India Ratings, NSE IX, and ViewTrade IFSC discussed innovative approaches for unlocking public value through blended finance, ratings frameworks, and asset monetisation.
Financing Tourism, Culture & Heritage
Tourism leaders from AP Tourism, ITC Hotels, Atmosphere Hotels, and SAIVEN Hospitality explored sustainable financing models to position Andhra Pradesh as a global cultural and tourism hub.
Top Industry Insights at the summit
Shri Ritesh Kumar, General Manager & Zonal Head Hyderabad Zone, from Bank of Baroda, showcased its extensive national and global footprint, including its pioneering leadership in green deposits and MSME financing.
And Dr. H.T. Vasappa, General Manager and Zonal Head from Union Bank of India, presented its digitalisation roadmap, connecting AP’s development vision with India’s broader digital economy transformation.
Day 1 concluded with a comprehensive summary, reflecting rich discussions on fiscal sustainability, capital mobilisation, green financing, PPP innovations, and the future of public infrastructure in Andhra Pradesh. Participants left with a clear sense of shared purpose – to build a fiscally resilient, investor-friendly, future-ready Andhra Pradesh.
Stay tuned for more updates on Day 2 of the Andhra Pradesh Reimagining Public Finance Summit, as we continue to delve into innovative financing models, institutional reforms, and the road to Viksit Andhra @2047 with national and global leaders.