AP targets Rs 3 lakh cr investments

Vice President M. Venkaiah Naidu on Saturday lauded the efforts of Prime Minister Narendra Modi for making India a bright spot on the global investments map through his bold moves like Demonetisation and GST. He said this after inaugurating a three-day Confederation of Indian Industry (CII)’s Partnership Summit-2018 at Port Stadium, Visakhapatnam in Andhra Pradesh. Naidu said India was headed by an “able leader and stable government”, while AP too was led by another “able leader and stable government”.   

Venkaiah specifically mentioned the Narendra Modi government’s flagship programmes like Digital India, Make in India and Start Up India and said that these ambitious programmes had turned India into a major investments destination today. Andhra Pradesh Chief Minister N. Chandrababu Naidu, who welcomed the dignitaries at the summit, said that his government was committed to making available all four inputs for a business—water, land, power, skilled manpower and clearances—in a hassle free manner. 

He offered to personally meet each and every investor, if they come to AP, which he claimed as the “Sunrise state” of India. Union Commerce Minister Suresh Prabhu outlined the Ease of Doing Business (EoDB) friendly policies

of the Modi government and told the global investors to come to India and become partners with their business in any of the over dozen sectors here. However, the biggest compliment to AP came from businessman Gautam Adani who said: “We Gujaratis are traditionally known for entrepreneurship in India, but today, you (Andhra people) have surpassed us in business promotion”. Adani is investing in a sea port at Bhavanapadu in Guntur district of AP. CII president Shobhana Kamineni welcomed the guests. 

Andhra Pradesh aims to sign Memorandums of Understanding (MoUs) worth around Rs 3 lakh crore during the summit. Around 2,000 delegates from 80 countries including commerce and business ministers of 14 countries.