CBN launched Industry Mission & Industrial Policy at Vizag
Vishakapatnam, April 29: CBN launched Industry Mission & Industrial Policy at Vizag today! His Government signed MoUs with 47 companies for investment worth Rs. 35,745 crore to create 75,000 jobs.
With an aim to bring a global investor outlook to Andhra Pradesh to make it best business destination by 2050, CBN launched his Government's much ambitious Industry Mission Document at a gathering of industrialists in Vizag today.
The event also saw the unveiling of the State's Industrial Policy and Sector Policies apart from the launch of a single-desk portal (that grants clearances for industrial projects within 21 days).
A record 47 MoUs were signed for investments in sectors from petrochemicals to energy, infrastructure, electronics and manufacturing, food processing, textile, automobiles, et all, thereby generating 72,210 new jobs in the state.
As part of the MoUs signed, 48 units will be set up in the state, spanning across various districts. The break-up of locations of the units: 17 of them will be investing in Chittoor district, 6 companies in Kurnool and 6 in East Godavari, 3 companies in West Godavari, 2 in Nellore, 2 in Kadapa, 2 in Ananthapur, 2 in Visakhapatnam, 2 in Guntur, 2 in Krishna district, one in Prakasam and 2 in the state (place hasn't been decided).
International delegates including Minister Plenipotentiary and Charge D'Affairs, Embassy of UAE, H.E. Saed Mohammed Almheiri, Consul General of Japan to Chennai, Masanori Nakano, Consul General of Canada Sidney Frank, CEO of ICBC Nadira Hamid, Trade Commissioner, High Commission of Canada - Vikram Jain and delegates from HPCL, GMR Group, HSBC, Citigroup and several others.
Two panel discussions on ''Igniting the start-up spirit in AP' and 'creating electronics manufacturing hub in Andhra Pradesh' was a huge hit with the delegates.
News Posted: 29 April, 2015
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