Investors optimistic about AP: Chandrababu at Mumbai

HYDERABAD: Andhra Pradesh Chief Minister N. Chandrababu Naidu delivered the keynote address at the CITI India Investor Conference 2015 at Mumbai where he made a strong pitch for investments in the State.

The Chief Minister said that Vizag is a major industrial hub while the food and marine processing is a major contributor to the state. Andhra Pradesh also has a strong dairy and poultry industry and is a leading producer of cement and paper, he said, adding that AP has a strong presence of textile and metallurgy industry. “Andhra Pradesh also is the emerging hub for pharma, biotechnology, electronics, chemical and petrochemical industries,” he said.

Speaking about the issue of ease of doing business, he said AP was the first state to have a Single Window Act (2002) and currently, a single-desk mechanism is being streamlined. He said that the maximum time for all clearances is 21 days and the government will make a provision for deemed approvals and exemptions. “We will also provide hand-holding services to investors, and enable them to file online applications,” the Chief Minister explained to investors.

Mr. Naidu said Andhra Pradesh also has sector-specific policies for customized impetus to the thrust sectors. The policies formulated are Solar & Wind Policy, IT Policy, Electronics Policy, Innovation and Start-up Policy, Industrial Water Policy and Tourism Policy,” he said. He said that Andhra Pradesh has transparent policy of land allotment and has a land bank of one million acres.

Suez Energy International’s Bernard met the Chief Minister and evinced interest in investing Rs15,000 crore in different sectors. He briefed the CM that the company has strong presence in gas and energy sector across the world. Later, Rajeev Shukla of Suzlon Group said he was keen on introducing their hybrid technology in the solar and wind sectors in Andhra Pradesh.

Mr. Dev Bhattacharya, Executive President of the Aditya Birla Group, told the Chief Minister that the company was exploring opportunities in infrastructure, power and logistics sectors. The Chief Minister explained that several companies in the pharma sector were keen on shifting to Andhra Pradesh. (NSS)

Leave a Reply

Your email address will not be published.