Chief Minister N. Chandrababu Naidu on Monday made a strong pitch for investments by Australian companies in various sectors in the State.
Speaking at the India-Australia Summit organised by Confederation of Indian Industry (CII) at Taj Palace, New Delhi, Mr. Naidu cited energy, mining, resources, infrastructure, financial services, food security, agriculture, water management, education, tourism and health, technology and IT sector as the areas in which Australian companies could invest.
He reiterated that proposals would be cleared by a single desk within 21 days.
He said the government was in the process of developing a Petroleum and Petrochemical Investment Region between Visakhapatnam and Kakinada Region in an extent of 603 sq km. There was lot of scope for mineral-based industries, besides those relating to leather training, automobile and glass in the Chennai-Bangalore Industrial Corridor. The Visakhapatnam-Chennai Industrial Corridor has the potential to attract investments in petroleum, steel, fertilizer, power, minerals, edible oil refineries, automobile, and food processing sectors. Mr. Naidu said the new State was poised to become the logistic hub for the country owing to its strategic location and was expanding its port infrastructure, road, rail and air connectivity. He also spoke on investments in temple tourism, eco-tourism and adventure tourism.
Referring to the pre-eminence of A.P. in crop production, he said there was a big opportunity in food processing. He also held meetings with Trade and Investment Minister of Australia, Andrew Robb and a delegation led by Jamie Briggs, Assistant Minister for Infrastructure on the occasion.
Says proposals will be cleared by a single desk within 21 days
