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Industry Mission: 47 MoUs Signed

Published: 30th April 2015 06:01 AM  |   Last Updated: 30th April 2015 06:01 AM   |  A+A-

Industry Mission

VISAKHAPATNAM:The launch of Industry Mission by the state government was marked by signing of 47 memoranda of understanding (MoUs) with Indian and foreign companies, during the conclave of industrialists here Wednesday. A total of Rs 35,745 crore investments will be realised in the state besides creating about 72,000 jobs. The state government signed the MoUs with companies including those from Japan, the UAE, Australia, Israel and Canada for investments in various sectors.

The MoUs were signed for investments in 47 units of petrochemicals, infrastructure, energy, electronics, food processing, manufacturing, textiles and automobiles. Among the new units, 17 will come up in Chittoor district, six each in Kurnool and East Godavari districts, three in West Godavari, two each in the districts of Visakhapatnam, Nellore, Guntur, Krishna, Kadapa, Anantapur and one in Prakasam. Locations for two other units are yet to be decided.

The Chief Minister also handed over the land allotment letters to four companies on the occasion. The letters were given for Asian Paints for setting up a manufacturing unit in Vizag with an investment of Rs 1,300 crore, ONGC for laying a gas pipeline near Kakinada with Rs 355 crore, KRIBHCO for setting up a Rs 630-crore fertiliser unit in Nellore and Kurlon for setting up a mattress unit in Chittoor with Rs 70 crore. International delegates including Minister Plenipotentiary and Charge D’Affairs from the Embassy of the UAE, Saed Mohammed Almheiri, Consul General of Japan in Chennai, Masanori Nakano, Consul General of Canada Sidney Frank, ICBC chief executive officer Nadira Hamid, Trade Commissioner at High Commission of Canada Vikram Jain and delegates from Japan International Cooperation Agency, Asian Development Bank, HPCL, Visakhapatnam Steel Plant, GMR Group, HSBC, Citigroup and several others will attend the conclave. Later, some investors interacted with the CM over the industrial scenario in the state.

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