Singapore, June 15 -- Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday invited venture capitalists to explore investment opportunities in the State which was playing a crucial role in driving India's rapid transformation into a global economic powerhouse.

Addressing a meeting with leading venture capitalists during the first day of his Singapore visit, the Chief Minister noted that while countries such as China took decades to achieve high economic growth, India is advancing at a much faster pace under the visionary leadership of Prime Minister Narendra Modi.

The Chief Minister informed investors that Andhra Pradesh has already facilitated fast-track approvals and land allotments for major projects, including the Advanced Mediu...