It’s time to invest in A.P., CM tells Chinese entrepreneurs

Updated - April 17, 2015 05:48 am IST

Published - April 17, 2015 12:00 am IST - HYDERABAD:

Andhra Pradesh Chief Minister N. Chandrababu Naidu has told Chinese investors that this was the best time for investments in the State and assured to provide all amenities.

Speaking at a roundtable on ‘Business opportunities in the State of Andhra Pradesh’ at Chengdu, capital of Sichuan province on Thursday, the Chief Minister said he was impressed with the dedication and commitment of Chinese entrepreneurs.

Exclusive desk

Observing that Amaravathi could become the second home for Chinese, Mr. Naidu assured rapid clearances saying he had brought in transparency into administration. Announcing to set up an exclusive desk for China, he mentioned that the government has signed MoU on “ease of doing business” with Lee Kuan Yew School of Public Policy.

 The Chief Minister also added that he wants to build a world-class capital for the State and sought Singapore’s plan in this regard. “I need your support to build the capital”, he added.  Stating that India grew at 7.4 percent and was moving towards double-digit growth, the Chief Minister emphasised on creating a win-win situation for both the countries.

India’s Ambassador to China Ashok K. Kantha said Mr. Naidu was one of India’s visionaries and respected leaders. “Construction plans in the capital city Amaravathi will open up a lot of opportunities for companies from China and Sichuan,” Mr. Kantha added.

 He said scope for comprehensive co-operation between Sichuan and India in sectors like education, agriculture, IT and construction.

 Yang Xingping, Vice Chairman of Sichuan Provincial People’s Political Consultative Conference, said Sichuan emerged as the first choice for foreign investment in China. Stating that India and China were complementary economies, Mr. Xingping hoped that the Chief Minister’s visit would open a new chapter in the relationship.

Following the roundtable meeting with Chinese business leaders, AP delegation interacted with Tang Liangzhi, Mayor of Sichuan. 

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