VIJAYAWADA: Seeking its cooperation in manufacturing electric vehicles, Chief Minister N Chandrababu Naidu has invited Tata Sons to promote green mobility by introducing e-buses in Amaravati. He also sought the group’s cooperation in the development of an industrial park in the capital region and introduction of Vistara air services from Vijayawada and opening Starbucks in Visakhapatnam and Vijayawada.
Naidu, who interacted with several industrialists during his one-day visit to Mumbai on Monday, gave a detailed presentation on the advantages for early investors in Amaravati. He also invited Raheja Group to construct convention centres and malls in Tirupati, Visakhapatnam, Vijayawada and Anantapur.
The Andhra Pradesh Economic Development Board (APEDB) signed a Memorandum of Understanding (MoU) with the Retailers Association of India (RAI). As per the pact, the APEDB and the RAI agreed to encourage and partner with retailers to expand and adopt best practices in technology, logistics, warehousing, skill development and infrastructure.
They also agreed to collaborate in promoting Andhra Pradesh as an investment destination in retail and allied sectors. Another MoU was signed by the APEDB with Hikvision India for manufacturing innovative video surveillance products and solutions.
Chief Minister Chandrababu Naidu said, “It is the right time for you to invest in Andhra Pradesh as we are creating the best ecosystem. Early investors will have an advantage as we are offering incentives. Later, once there is development, we may charge the investors,” he said, explaining the Real-Time Governance System and the robust applications clearance system in the State. The first international flight from Vijayawada to Singapore will be started on October 2.
Later, Chairman of Welspun Balkrishan Goenka said that the firm was ready to enter into a joint venture in cultivation of organic cotton with AP farmers with purchase guarantee. He assured that farmers would get 33 per cent more yield and more income than minimum support price. The Chief Minister asked the firm to come up with the proposal for scrutiny.
Naidu also met Chairman of Reliance Industries Mukesh Ambani, Aditya Birla Group Chairman Kumar Mangalam Birla and the heads of Haldia Group, Piramal, Godrej and other groups.
MoUs and proposals
APEDB signs an MoU with Retailers Association of India to encourage and partner
with retailers
Another MoU was signed with Hikvision India for manufacturing innovative video surveillance products and solutions
Welspun chairman Balkrishan Goenka said it is ready to enter into a joint venture in cultivation of organic cotton with AP farmers with purchase guarantee