Naidu rolls out red carpet to business leaders
HYDERABAD: On the final day of his visit to Singapore on Friday, Andhra Pradesh Chief Minister N Chandrababu Naidu made a power point presentation to heads of top business companies of the island-nation on the investment opportunities in the State and invited them to invest in AP.
Stating that he would create a massive land bank for setting up industries in the State, the Chief Minister told the business leaders that this would pave way for creating industrial townships across the State.
According to a press release by the AP CMO, the Chief Minister assured investors that there would not be any problems with regard to supply of uninterrupted power to industries in AP.
He further said, 'My target is to provide 20-30 Mbps high-speed broadband connection to every household in AP in the next two years and upgrade the speed further. We want to build a great capital for our State. Our cities should become models.'
'This is a one-time opportunity for Singapore to participate in the construction of new capital for AP,' Naidu told them.
Stating that the state government has plans to create smaller airports to connect them to major airports across the State, Naidu added that AP is working on a 'deemed approval model of clearances'.
'As per the deemed approval model, if a request for permission to set up a new industry is not responded to within 30 days, that means the approval is deemed to have granted,' he added.
Recalling that the government had appointed escort officers to aid major investment projects, Naidu said it would be the responsibility of respective escort officers to get clearances for each project, he added.
According to the AP government, in the meeting, one of the industrialists had evinced interest in investing in coffee, dairy and cashew plantations in AP.
Meanwhile, Naidu delivered the Key Note address at the Ninth International Conference on the'State of South Asia', held at the Institute of South Asian Studies in Singapore.
While delivering the address, the Chief Minister said, 'I have come here to seek investments. India now has a stable government, which is strong and growth-oriented, under Prime Minister Narendra Modi.'
News Posted: 15 November, 2014
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