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Chinese Firm Keen on Investing in AP

Published: 13th April 2015 05:59 AM  |   Last Updated: 13th April 2015 05:59 AM   |  A+A-

N Chandrababu Naidu

HYDERABAD: China-based Sinoma International Engineering Company Limited, which manufactures and supplies engineering equipment, has expressed its interest in making investments in cement and wind energy projects in Andhra Pradesh.

Chief Minister N Chandrababu Naidu began his six-day China tour on Sunday by meeting executives of Sinoma and India LNVT in Beijing.

According to AP CMO, during the meeting, chairman of Sinoma International, Song Shoushan, said he saw India as a potential market for the cement industry. Hence, Sinoma, which supplies equipment for 170 cement plants across the world, looks at AP as a potential State for setting up their biggest manufacturing facility in India.

Stating that they are currently studying the cement market trends in India, Shoushan sought inputs from the AP delegation to understand the system of approvals and taxation structure in India.

Apart from the cement industry, Sinoma International is also exploring possibilities to invest in solar and wind power projects in AP.

“The capacity of cement industry in China is 3.5 billion metric tonnes, to which Sinoma is a major contributor,” Shoushan stated.

Stating that AP has rich natural resources, Naidu said the State has the largest limestone reserves in the country which could boost Sinoma’s chances to look at AP to set up its cement facility. “There will be a lot of construction activity in the capital area. This area would have a large appetite for cement consumption,” Naidu said. The delegation would be again meeting the members of Sinoma International on Tuesday to further talks.

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