Sichuan and AP sign MoUs for investments in State

Dara Gopi

Amaravati: The efforts of Chief Minister N Chandrababu Naidu to attract investments to Andhra Pradesh for the past two years started yielding results, according to Minister for Finance Yanamala Ramakrishnudu.

Addressing Andhra Pradesh-Sichuan Province investment and cooperation Exchange conference in VijayawadaA�on Wednesday, the minister explained on the investment opportunities in the state to Chinese delegates. He said AP stands top in ease of doing business as per World Bank report. He said Amaravati would be developed as world class city. He said there is vast scope for investments in airports, manufacturing sector, ports and agricultural sector in the state. He said a target was set to achieve 12.32 per cent growth in the state this year. Later MoUs signed between Andhra Pradesh and Sichuan province for investments in various sectors.

Earlier a one to one meeting was held between Chief Minister N Chandrababu Naidu and Vice-Governor of Siachuan province Liu Jie.

Later addressing meeting vice-Governor Lu Jie explained about the similarities between India and China. He said that the relations between two countries would pave way for development. Welcoming sister state relations he said over 500 China companies invested in India.

Chief Secretary of Energy Ajay Jain and AP Economic Development Board CEO J Krishna Kishore explained about the investment- friendly atmosphere in Andhra Pradesh. They said single desk system was introduced to provide permissions for industriesA�in 21 days. They said Singapore companies prepared master plan for development of Amaravati capital and the capitalA�would be developed as world class city.

Industrialist Y Harishchandra Prasad appealed the Chinese delegation to utilise the expertise of local entrepreneurs and come forward for joint ventures. He said Andhra Pradesh has vast resources, untappedA�so far. Business delegates from both Andhra Pradesh and Sichuan province spoke on available business opportunities.

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