Continue exploring for investments, Chandrababu tells officials

Dara Gopi

Amaravati: Chief Minister N Chandrababu Naidu on Friday told the officials to continue exploring for the new investments to the State. Addressing a review meeting of the Andhra Pradesh Economic Development Board (APEDB), the Chief Minister wanted the officials to play proactive role in identifying areas and sources for investment and mobilise them. He wanted the officials not to rest after signing the MoUs and wanted them to convert every MoU into a reality.

The Chief Minister directed the APEDB officials to take up extensive marketing of the available mineral wealth, the long coast line, human resources and other advantages in the State. He asked the officials to make use of every platform across the world to project and market the State inviting investments. The Chief Minister directed the officials to keep the Detailed Project Reports (DPR) in every sector and keep them ready to be presented to the potential investors. He wanted them to keep at least 500 DPRs for every sector. He advised them to focus on the prospective areas where investments can flow in easily and focus more on the projects that would create employment opportunities. He also sought to advise them to design these projects on the lines of Central government’s Make in India concept.

The officials briefed the Chief Minister that the APEDB had signed 65 MoUs worth Rs 3.66 lakh crore investments in the State during 2016-17 financial year. They said that they were trying to rope in all these companies to invest in the State. They further said that the APEDB was planning to have road shows in 12 countries including Russia, China, America and Canada during the year to mobilise investments. The APEDB officials have also invited the Chief Minister to attend the Global Business Summit to be held later this month in Delhi for which the Chief Minister responded positively.

Chief Minister’s principle secretary Saiprasad, APEDB chief executive officer J Krishna Kishore and others were present at the meeting.

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