USIBC to invest five billion in AP

HYDERABAD: US-India Business Council (USIBC), led by executive vice-president Diane Farrell, Monday called on AP Chief Minister Chandrababu Naidu at the Camp Office.

During the meeting, Rajeev Mukundan, senior vice-president (Legal) Mylan, informed the Chief Minister that they are looking at expanding their presence in Andhra Pradeshwith an additional investment of five billion dollars. The pharmaceutical company already has four facilities in Visakhapatnam, he added.

Srini Srinivasan, managing director of Hospira, told Naidu that the company has already invested 2,500 crore rupees in its manufacturing facility in Visakhapatnam. A delegate from Johnson & Johnson evinced interest in working with the State on reducing infant and maternal mortality rate, women health and hygiene. Some of the delegates also expressed their keenness on vaccination/immunization programs of the government.

The Chief Minister also explained about the advantages of Andhra Pradesh having abundant water, 24X7 powers and a long coastline that makes it the potential logistics hub for South East Asia. Stating he aims to see AP as healthcare hub, Naidu said health and education are the government’s priorities.

“We are focusing on preventive as well as curative healthcare,” he added. E-Healthcare, Naidu said, is also on his agenda. “Taking medical services to people in an affordable, efficient and quick way are what we want to do, and I believe e-health concept makes it possible.”

The Chief Minister also recalled his experiences of creating a Genome Valley in Hyderabad for pharma giants, and also his efforts in making Healthcare leaders like Apollo set up their hospitals in Hyderabad. “People from across the world come to Hyderabad for treatment. Andhra Pradesh too will be known for medical tourism soon,” he added.

Farrell informed the Chief Minister that the USIBC is expediting the work on making Vizag a smart city. “We’re talking to companies and investors who are interested in making Vizag a smart city,” she said.

Farrell also invited Naidu to the US and asked the government to do a road show on the investment opportunities in AP.

The delegation included Himanshu Priyadarshi, Head for Corporate Affairs of Hospira, Srini Srinivasan, Managing Director of Hospira, Ashok Bhattacharjya, former director of Global Health Systems and Innovation Policy at Johnson & Johnson, Rohit Kumar, Senior Director, Government Affairs, Johnson & Johnson, Neelima Dwivedi, Senior Director of Merck, Mihir Shah, Director of Asia Pacific Public Policy, Merck, Singapore, Rajeev Mukundan, Senior Vice-President for Legal services, Mylan, Claudia Poteet, Senior Director, Pfizer, Sharad Goswami, Head for Public Affairs, Pfizer India, Nivedita Mehra, Director, India, USIBC, Amy Hariani, Director & Legal Policy Counsel, USIBC and Michael Green, Senior Manager, USIBC. (NSS)

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