Chief Minister Naidu Woos Industrial Houses to Invest in Andhra

Chief Minister N Chandrababu Naidu called upon industrial houses to invest in AP.

Published: 17th February 2016 06:34 AM  |   Last Updated: 17th February 2016 07:59 AM   |  A+A-


HYDERABAD: Promising favourable business climate, world-class infrastructure, good law and order, and cordial industrial relations in State, Chief Minister N Chandrababu Naidu called upon industrial houses to invest in AP.

Taking part in ‘Make in India Week’ in Mumbai on Tuesday, Naidu said his government had accorded top priority to industrial growth, and intends to position the state as the most preferred destination for investors. “My aim is to transform AP into a manufacturing and export hub,” he said.

Stressing the need to promote manufacturing sector, Naidu said there was a need to put manufacturing back on track so that job creation gets a much-needed boost and the prolonged slump in the economy can be reversed.

He said the AP government had announced Industrial Development Policy 2015-20 which aims to promote manufacturing, enhance inclusivity, foster innovation and create employment opportunities across sectors.

“My government has identified various sector-specific policies to provide thrust to focus sectors,” he said. Prime Minister Narendra Modi along with Prime Minister of Sweden Stefan Löfven had on the inaugural day visited the AP pavilion. Several key initiatives and opportunities in AP were highlighted at the AP pavilion at Make In India week.

Earlier in the day, Naidu met Cisco Executive Chairman John Chambers in the national capital and discussed about setting up innovation hubs in AP. Naidu also urged the Cisco chief to set up school of excellence in the capital city Amaravati. They also discussed various options to make the state a knowledge hub.

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