According to a release issued by the chief minister's office, Naidu received the award yesterday for his excellence in public service.
Giving a presentation at the 17th London Global Convention to attract investments during his acceptance speech, Naidu said, "In Q1, 2017-18, AP registered a growth rate of 11.72 per cent double the country's average."
"Much like corporate companies are accountable to its shareholders, I am also accountable to the common man," he said, adding that the award was a reminder of his responsibilities.
Naidu's wife and managing director of the Heritage Foods Nara Bhuvaneswari also received the award under the category - Corporate Governance and Sustainability, the release said.
The Golden Peacock Award, instituted by the Institute Of Directors (IOD), India in 1991, are claimed to be regarded as a benchmark of corporate excellence worldwide.
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