STOCK MARKET BSE NSE

AP Govt to Set up Help Desk for Chinese Bizmen

Published: 15th April 2015 05:59 AM  |   Last Updated: 15th April 2015 05:59 AM   |  A+A-

HYDERABAD: Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday sought the help of China in constructing the new capital of the state.

Taking part in a round-table meeting on ‘Business Opportunities in AP, on third  day of his tour, Naidu invited Chinese companies to visit AP and explore the opportunities of investment in various sectors. Envisioning the current scenario of the State, Naidu said that he is looking at the possible advantages of utilising deepwater ports in the East coast of AP.

He said Japan, Korea, Malaysia, Singapore, Shenzen and Shanghai would look forward to AP as a logistical hub as he was keen on developing the east coast.

He said he was planning to develop three important cities of the State  as smart cities. “We are developing industrial corridors at Amaravati, Tirupati-Chennai-Nellore tri-city industrial hub and Vizag/Bheemili to Kakinada,” he said. The State would have a dedicated China desk for investment, he pointed out.

“Six ports and eight airports will be built in the State. Best-in-class road, rail and inland water ways would be built,” he said.

AP Govt.JPG 

Camel Group to Invest $500 m in AP

Meanwhile, Chinese company Camel Group Company Limited has come forward to invest  $500 million in Andhra Pradesh. Naidu met Camel Group Co., Ltd  Strategy and Investment department project manager, Morgan Chao

and manager Xia Yuefu, who came forward to invest in AP. According to a press release issued by AP CMO here Tuesday, the Camel group, a company engaged in battery manufacturing, was keen to know the environmental restrictions in India for setting up a unit.  Later, during a meeting with leading apparel-maker Brandix Lanka Limited, the company showed keen interest in setting up a unit in Andhra Pradesh.

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp