Summit attracts Rs. 7.14 lakh Cr so far
By G.Janardhana Rao, Business Editor
Visakhapatnam: The CII (Confederation of Indian Industry) Partnership Summit is a big hit as it surpassed expectations on day one on Friday. Andhra Pradesh attracted investments of Rs 3,49,476 crore by signing MoUs with 40 companies on the first day of CII partnership summit. As many as 35 MoUs were signed on Thursday even before commencement of the partnership summit with an investments of Rs 3,65,304 core.
In two days around Rs 7,14,780 crore worth of MoUs were signed with 75 companies providing employment opportunities to 5,42,361 youth.
Meanwhile the Lulu International group signed an MoU with the Andhra Pradesh government in the presence of Chief Minister N Chandrababu Naidu and Lulu group chairman MD Yousful Ali towards investments in various sectors including developing a Lulu Mall in Visakhapatnam at a cost of Rs 1,066 crore and food processing units.
The Lulu group chairman said the group will start export of mango, guava pulp and spices from January. He said logistics and procurement export centre will be set up in Rayalaseema soon.
Chandrababu Naidu asked the Lulu group chairman to purchase agri products from farmers in Andhra Pradesh. He said the Lulu mall is not just a shopping mall and it will help promote tourism in Visakhapatnam.
Later the Singapore government signed MoU with Andhra Pradesh for cooperation in urban governance, digital governance, transformation and sustainability in the presence of Chandrababu, Minister Nara Lokesh and Singapore minister Gan Siow Huang, Union Minister K Rammohan Naidu and Minister Nadendla Manohar.
Speaking on the occasion, Chandrababu Naidu said Andhra Pradesh is eager to work with Singapore which runs industries with innovative ideas. He said Singapore developed by adopting best public policies. Lokesh opined that it is a good beginning to work with Singapore.
Union Minister Rammohan Naidu announced introducing flights between Vijayawada and Singapore for three days in a week soon.
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