Andhra targets to sign MoUs worth Rs 8 lakh cr in CII Partnership Summit

Minister Srinivasa Rao also said that soon a task force team would be constituted by the State government, which would check the progress of the signed MoUs.

Published: 22nd January 2017 04:38 AM  |   Last Updated: 22nd January 2017 06:49 AM   |  A+A-

Rocks painted with animals ahead of the CII partnership Summit, in Visakhapatnam on Saturday | RVK Rao

By Express News Service

VISAKHAPATNAM: HRD minister Ganta Srinivasa Rao on Saturday said that Chief Minister N Chandrababu Naidu would  announce the status of the projects and MoUs signed during the first edition of the CII Partnership summit in the inaugural of the second summit scheduled on January 27 and 28.

Speaking to newsmen in Visakhapatnam on Saturday, he said that around 35 per cent of the projects signed for the state had already been grounded, while around 45 per cent of the total projects signed for Vizag had been grounded.

“Around 2,000 delegates from 50 countries and trade ministers from 15 countries will take part in the summit. In the last summit, we had signed MoUs worth Rs 4.67 lakh crore and this time, we are targeting for around Rs 8 lakh crore,” he said. The minister also said that soon a task force team would be constituted by the state government, which would check the progress of the signed MoUs.

“The task force will monitor the status of the projects. If any issue arises, the team will take appropriate measures to sort them out for the smooth run of the projects,” he said. Answering to a query that whether industries being set up in AP would lose some benefits which they might have got if the state had got special status, Ganta said that the special package would offer more benefits than the   special status.


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