AP Govt to ink 13 MoUs with Chinese firms

Hyderabad, April 12 (INN): Andhra Pradesh Chief Minister N Chandrababu Naidu and AP delegation will sign 13 Memoranda of Understandings (MoUs) with various Chinese companies during the six-day tour to the country.

In the first leg of the visit to Beijing, the delegation will sign six government-to-business (G2B) MoUs.

The Government will sign an MoU with Camel Group Co., Ltd ' a company that is engaged in the research and development, manufacture, distribution and recycling of storage batteries.

Another MoU will be signed with industry body, China Council for the Promotion of International Trade (CCPIT). The CCPIT promotes China's international economic and commercial interests. This is accomplished by developing business cooperation and exchanges with foreign countries.

The Government of Andhra Pradesh will sign another MoU with the council in the construction sector.

Following Guizhou International Investment Corporation delegates visit to Vizag in November last year, the government will ink an MoU with the Corporation.

The government will further sign a Memorandum of Understanding with Sinoma International Engineering Co. Ltd which operates in equipment manufacturing and supply and engineering sector.

Another MoU will be signed with New Hope Liuhe Co. Limited. The firm engages in integration of farming industry operations, such as feed production, livestock breeding and slaughtering, and meat processing.

Under the business-to-business (B2B) segment, AP will sign two key MoUs with Chinese industries in Beijing: The Vertex Cements (India) and Sinoma will sign an MoU. Vertex Cements has already come forward to set up their cement unit at Gangavaram in Guntur district and the Leading manufacturer and supplier of apparels Brandix and Chinese professional manufacturer and exporter of blankets, Jiangsu Kingday Textile Co. Ltd will sign an MoU in Beijing.

In their second destination - Chengdu, the State Government will sign three MoUs with the Chinese companies. The government will sign MoU with Sichuan Chuanyi Automation Co. Ltd, an industry in supply, erection, commission of automated instrumentation for industrial uses. It will sign MoU with real estate company Panzhihua Guanghua Group Real Estate Development Ltd and another MoU will be signed with Sichuan Vehiline Information Technology Co. Ltd.

The India-based Energy sector firm VSF Energy will sign MoU with China Western Power Industrial Co Ltd. The Chinese company is the base of research & development, manufacture and export in China for large-scale power plant boiler, special-type boiler and power station auxiliary equipment. CWPC is also the professional supplier of system solutions for power equipment.

On the last leg of the delegation's tour in Shanghai, (under business-to-business segment), GMR will sign Memorandum of Understanding with Chinese toy-maker Pals Plush. The world leading play store giant will set up its only overseas operations at Sri City.

During the trip, the Chief Minister and delegation will also meet a number of industrialists, investors and businessmen inviting them to explore the investment opportunities in the State.