Ensure materialisation of MoUs: Andhra CM tells APEDB

Chief Minister N Chandrababu Naidu has said the APEDB should not just limit itself to ensuring MoUs signed, but it has to ensure materialisation of projects.

Published: 04th March 2017 05:13 AM  |   Last Updated: 04th March 2017 05:13 AM   |  A+A-

By Express News Service

VIJAYAWADA: Stating that the Andhra Pradesh Economic Development Board (APEDB) has to play a vital role in attracting global investments to Andhra Pradesh, Chief Minister N Chandrababu Naidu has said the board should not just limit itself to ensuring MoUs signed, but it has to ensure materialisation of projects.  


In a review meeting with APEDB officials in his chambers at IGC, Velagapudi on Friday, the CM said 
the APEDB should coordinate with the SIPB and other departments to ensure that the MoUs become reality.


The progress of the project from the time MoUs signed should be posted on the website from time to time. 
Going through the performance of the Board in the last one year and devising an action plan for the next fiscal, Naidu said it should promote the State as the best market on the lines of ‘Make in India’ and promote the resources including mineral wealth, human resources, long coastline etc.  

He directed the APEDB to prepare sector-wise project reports and suggested it to engage consultants for the purpose. 


He wanted around 500 detailed project reports for agro products, food processing among others. Focus should be given to projects that provide plethora of job opportunities. He made it clear that the approach should be target and result oriented. 


On the occasion, officials informed the CM that in the current fiscal, a total 65 MoUs worth `3.66 lakh were signed by APEDB with companies  including Next Orbit Ventures, Gamesa, BRS Ventures, MTIP and GIIC.  


To attract more investments to the State, as many as 20 road shows will be organised in 12 countries including China, USA, Russia, Canada during next fiscal, the CM told.  The CM accepted the request for attending the ‘Global Business Summit’ to be held in Delhi this month.  

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