Summit a Super Hit, says Babu - TeluguPeople.com News

Visakhapatnam: Chief Minister N Chandrababu Naidu on Saturday said that the two day 30th CII partnership summit is a super hit with participation of over 4,950 industrialists including 640 International delegates.

Addressing media persons on the concluding day of CII partnership summit he said 41 business sessions were organised with 91 speakers and 16 business meetings were organised with eight countries and he participated in 24 one to one meetings.

The Chief Minister said the summit attracted investments to the tune of Rs. 13.25 lakh crore with 613 MoUs providing employment opportunity to 16.31 lakh youth and during the 17 months the state government attracted investments of more than Rs 20 lakh crore.

The Chief Minister said the summit is not confined to attracting investments and it is organized in a hybrid model with knowledge sharing sessions and discussions on global industrial scenario. In addition 450 students are selected to participate in the summit to develop them as prospective entrepreneurs. He said Ratan Tata Innovation Hub is serving as a platform for prospective entrepreneurs. MSME parks will be set up in all 175 constituencies to promote entrepreneurs. In addition common infrastructure and marketing facilities will be provided to promote industrialization, he said.

Citing the example of Sri City, the Chief Minister said 240 units were present in Sri City with participation of 31 countries and the participation of countries should be increased to 50. He said all departments attracted investments with the initiation of both the ministers and officers. He said during the past 17 months the government is able to instill confidence among investors and as a result the state attracted huge investments due to speed of business being adopted by the government.

The Chief Minister said in addition to the available incentives the state government decided to open Escrow accounts and provide sovereign guarantee to those who come forward to invest in the state. He said under Super Six programme the state government assured to provide employment to 20 lakh youth and however able to attract investments to provide employment to 24 lakh youth.

He said the state government committed to decentralisation of development and as part of it planning to develop logistics from East to West. Rayalaseema will be developed as horticulture and industrial hub and Coastal Andhra will be developed as aqua hub and Visakhapatnam region will be developed as AI hub with setting up of data centre.

Chandrababu Naidu said all the investments are serious investments and all these investments will be materialized in three years. The group of ministers will follow up the investment proposals continuously until the projects grounded. He said efforts are on to provide necessary infrastructure for grounding of projects. The state government is able to win the confidence of investors including global investors, he added.