🏠 News Empire
economy

Tata chief Chandrasekaran to co-chair Andhra Pradesh task force for 2047 vision

Published on: 12 Aug 2026, 06:50 AM
Tata chief Chandrasekaran to co-chair Andhra Pradesh task force for 2047 vision

The Andhra Pradesh government has roped in Tata Sons chairman Natarajan Chandrasekaran to co-chair its newly formed 'Task Force for Economic Development of Swarna Andhra Pradesh @ 2047'. The announcement was made by Chief Minister N. Chandrababu Naidu on Friday, August 16, after a meeting with Mr. Chandrasekaran at the State Secretariat in Amaravati.

In a message on social media platform X, Mr. Naidu said he was delighted to meet his 'old friend' and that Mr. Chandrasekaran would co-chair the task force, which will include intellectuals and industry leaders. The task force is part of the State government's long-term vision to transform Andhra Pradesh into a prosperous region by 2047, marking 100 years of India's independence.

The Chief Minister also revealed that Tata companies have agreed to partner in the Centre for Global Leadership on Competitiveness, to be set up by the Confederation of Indian Industry (CII) in the State capital Amaravati. This centre is expected to focus on research, skill development, and policy advocacy to enhance the competitiveness of Indian industry, with a particular emphasis on Andhra Pradesh.

During the meeting, the two leaders explored several avenues for collaboration, including the possibility of setting up a development centre of Tata Consultancy Services (TCS) in Visakhapatnam. A TCS development centre in the port city could significantly boost the region's IT sector and create employment opportunities for local youth. The discussions also covered enhancing air connectivity to and from Andhra Pradesh through Air India and Vistara, both Tata group airlines. Improved air connectivity is seen as crucial for attracting investment and promoting tourism in the State.

Mr. Chandrasekaran, who has been chairman of Tata Sons since 2017, is scheduled to step down from the role in February 2027. His appointment as co-chair of the task force comes at a time when Andhra Pradesh is seeking to rebuild its economy after the bifurcation of the State in 2014, which led to the loss of Hyderabad as its capital. The current government has prioritised industrial development, infrastructure, and human capital as key pillars of its growth strategy.

The task force is expected to provide a roadmap for sustainable economic development, leveraging the expertise of industry veterans and academicians. The involvement of Mr. Chandrasekaran, one of India's most respected business leaders, is seen as a significant boost for the State's efforts to attract both domestic and foreign investment. His experience in steering the Tata Group, a conglomerate with interests spanning technology, automobiles, steel, and aviation, will be valuable in shaping policy recommendations.

The State government has not yet announced the full composition of the task force or its terms of reference, but the initiative reflects a broader trend of governments collaborating with private-sector leaders to drive economic growth. Similar task forces have been set up in other States to address specific challenges such as job creation, infrastructure development, and ease of doing business.

Analysts note that the success of the task force will depend on translating recommendations into actionable policies and ensuring effective implementation. With a clear timeline leading up to 2047, the task force has a long-term horizon, but early deliverables could include proposals for improving the investment climate, promoting innovation, and strengthening the State's fiscal position.

The announcement has been welcomed by industry bodies, which see it as a positive signal for Andhra Pradesh's business environment. However, some observers have called for transparency in the task force's functioning and for ensuring that its recommendations benefit all sections of society, including small businesses and rural communities.

As the task force takes shape, all eyes will be on how this collaboration between the State government and a corporate leader like Mr. Chandrasekaran translates into tangible outcomes for the people of Andhra Pradesh.

Latest in Economy 10
Rupee gains 44 paise to 94.92 as RBI steps in to curb dollar demand
economy

Rupee gains 44 paise to 94.92 as RBI steps in to curb dollar demand

The rupee appreciated 44 paise to 94.92 against the U.S. dollar in early trade on Wednesday, helped by RBI measures to reduce near-term dollar demand and curb speculation. The currency has now gained for three consecutive sessions, though traders expect external pressures to limit further gains. Domestic equities opened marginally lower.

The Hindu 14 Oct 2026, 05:00 AM
Read More →
Sitharaman Says She Will 'Keenly Hear' Views on LTCG and STT as Markets Rise 1%
economy

Sitharaman Says She Will 'Keenly Hear' Views on LTCG and STT as Markets Rise 1%

Finance Minister Nirmala Sitharaman said she would keenly hear views on the long-term capital gains tax and the securities transaction tax, without confirming whether either would be considered in the Budget 2027 preparations. She also said the RBI would continue acting to curb rupee volatility rather than fix its level, shortly after which the stock market rose about 1%.

The Hindu 13 Oct 2026, 01:44 PM
Read More →
Chennai Dominates Tamil Nadu's Residential Market with 51.5% of Launches: Report
economy

Chennai Dominates Tamil Nadu's Residential Market with 51.5% of Launches: Report

A report by JLL released at CREDAI Tamil Nadu's STATECON 2026 reveals that Chennai accounts for 51.5% of the state's residential launches, while plotted developments dominate secondary growth corridors. The conference discussed strategies to support Tamil Nadu's ambition of becoming a $1.5-trillion economy by 2036, including regulatory reforms and affordable housing.

The Hindu 11 Oct 2026, 01:52 PM
Read More →
Tomato prices rise in Andhra Pradesh as Madanapalle arrivals fall ahead of festive season
economy

Tomato prices rise in Andhra Pradesh as Madanapalle arrivals fall ahead of festive season

Tomato prices in Andhra Pradesh's Rayalaseema districts have risen after arrivals at the Madanapalle market yard fell to 62 tonnes on Wednesday from 88 tonnes a day earlier, with first-grade produce quoted at ₹410 per 10 kg. Retail prices are ruling at ₹45 to ₹50 a kg in Madanapalle, Kadapa, Tirupati and Kurnool. Traders expect prices to stay firm through the Dasara, Diwali and Ayyappa Deeksha season unless arrivals improve, while farmers say retail rates do not fully reach them after costs.

The Hindu 01 Oct 2026, 03:30 AM
Read More →
CAG flags 12,393 acres of Odisha industrial land lying unutilised, encroachments unchecked
economy

CAG flags 12,393 acres of Odisha industrial land lying unutilised, encroachments unchecked

A CAG report tabled in the Odisha Assembly has found that 12,393.651 acres of land allotted for industry between 1981 and 2021 were never used for their sanctioned purpose, with a further 252.692 acres diverted. The audit also flagged 668.893 acres of government land worth ₹597.87 crore under unauthorised occupation, including 10 acres of Bhubaneswar forestland held by the Kalinga Institute of Social Sciences despite a pending case.

The Hindu 29 Sep 2026, 01:48 PM
Read More →
Rupee slips 11 paise to 95.84 as crude oil holds above $100 amid West Asia uncertainty
economy

Rupee slips 11 paise to 95.84 as crude oil holds above $100 amid West Asia uncertainty

The rupee fell 11 paise to 95.84 against the U.S. dollar in early trade on Thursday, pressured by a stronger dollar, firm U.S. bond yields and crude oil prices holding above $100 a barrel amid stalled West Asia diplomacy. Domestic equities also declined, with the Sensex down 506 points, though foreign investors remained net buyers of Indian shares on Wednesday.

The Hindu 24 Sep 2026, 05:10 AM
Read More →
Spinning mills urge Centre to scrap 11% cotton import duty permanently
economy

Spinning mills urge Centre to scrap 11% cotton import duty permanently

The Southern India Mills' Association has renewed its demand for the permanent removal of the 11 per cent import duty on cotton, saying the levy fuels price volatility across the textile value chain. SIMA chairman Durai Palaniswamy also sought curbs on speculation and a review of the Cotton Corporation of India's pricing policy, while the association announced its office bearers for 2026-27.

The Hindu 22 Sep 2026, 01:50 PM
Read More →
Over 3,670 MSMEs Tap Into PSU Supply Chains as Tamil Nadu Expands Vendor Outreach
economy

Over 3,670 MSMEs Tap Into PSU Supply Chains as Tamil Nadu Expands Vendor Outreach

Tamil Nadu has held 13 vendor development programmes to connect MSMEs with public sector undertakings, with more than 3,670 small firms benefiting so far, MSME Minister P. Mathan Raja said in Thoothukudi. He cited a ₹2,141 crore budget allocation for MSMEs this year and a ₹600 crore capital subsidy scheme, and said the State's $1.5 trillion economy target for 2036 depends on large industry and small firms working together.

The Hindu 18 Sep 2026, 01:49 PM
Read More →
State revenue receipts lag at 32% of annual Budget estimate after five months
economy

State revenue receipts lag at 32% of annual Budget estimate after five months

The State’s revenue receipts reached only 32.14% of the annual Budget estimate at the end of August, with non-tax revenue and grants lagging significantly. Tax collections were relatively better but several heads remained below 40% of their targets. Pensions and interest payments continued to dominate expenditure, while the revenue deficit stood at ₹14,840 crore.

The Hindu 18 Sep 2026, 01:54 PM
Read More →
→ View All Economy News