VISAKHAPATNAM: With the overwhelming response to the just concluded 23rd edition of CII Partnership Summit-cum-Second Sunrise Andhra Pradesh Investment Meet posing a big challenge in realisation of proposed investments in a time-bound manner, the State Government is mulling evolving a fool-proof mechanism to ensure better success.
“Going by the past experience, Chief Minister N. Chandrababu Naidu has decided to strengthen the existing tracking system and develop a mechanism to periodically review the progress and remove bottlenecks if any as and when required,” Director of Industries Kartikeya Misra told The Hindu on Sunday.
The two-day summit—which attracted as many as 2,000 delegates including 350 from 50 countries and as many as eight overseas trade ministers and secretaries—concluded on Saturday with the signing of MoUs envisaging an investment of ₹10.54 lakh crore mostly in petroleum, logistics and energy sectors.
Almost 80% of investment proposals are from non-industry sectors.
Stating that the response from the investors had proved once again that the government was able to ensure ease of doing business, he said they would continue to follow up on the MoUs on case-to-case basis. He hinted that the Chief Minister would hold meetings with all the secretaries of departments concerned and set them definite targets to achieve results next month.
“MoU signing is not a photo-op. The response to dedicated roundtable discussions at the Partnership Summit on sustaining growth, challenges before investors and Industry 4.0 compliance and impact of Trump Administration buttresses the fact on the extent of seriousness we have,” he pointed out.
Mr. Misra, who played a key role in organising the summit, said the government was also planning to appoint liaison officers sector-wise to track the MoUs, hold talks with the investors regularly and find out a solution to the problems faced by them in starting the projects.
