Visakhapatnam, January 27

The two-day Partnership Summit with Confederation of India Industry (CII) and Union Commerce Ministry took off in Visakhapatnam on Friday.

According to sources, the Andhra Pradesh government is aiming to sign investment intents in the range of Rs 6,83,107 crore with 425 companies as compared to Rs 4,67,577 crores in the previous year.

Industries sector is keen on making the summit as the centre of actual investments instead of conducting the summit for namesake.

Keeping in view the experiences during last year’s summit, special care is being taken in the present summit and decided to make agreements with companies, that are ready for 100 per cent investment.

Including public sector enterprises like Indian Oil Corporation, private companies like Apollo, Ceat, Wipro, Tata, Crane, Toronto, Monot, TVS, Dasan, Dickson, Drone Defence, Himami, Sri Cements, Torent Power, NSL mining and others are ready to invest in Navyandhra.

Partnership Summit

More investments are likely in reusable fuel, airforce, defence, electronic products, biotechnology, jute, textiles, petro-chemical, oil and gas, cement, food processing, tourism and IT industries.

The AP government is all set to develop industries under ‘Sunrise State’ and with the inspiration of getting first rank in ‘Ease of doing business’.

As many as 4,000 representatives of various companies are participating in Visakha Partnership Summit, including 300 representatives from 42 countries and commerce ministers of 12 countries airforce

Central Finance Minister Arun Jaitley is the chief guest of the Summit. Central ministers Venkaiah Naidu, Nirmala Sitaraman, Dharmendra Pradhan, Piyush Goel, Suresh Prabhu, Nitin Gadkari, Ashok Gajapati Raju, YS Choudary will participate in the Summit, which will be chaired by Chief Minister N Chandrababu Naidu.

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