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.
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.