Several Chinese companies have evinced interest in investing in the State in different sectors, including renewable energy, infrastructure, seawater desalination, and mining.
Six major companies signed Memorandum of Understanding with the Andhra Pradesh Economic Development Board in the presence of Chief Minister N. Chandrababu Naidu on Thursday.
It also marked the last day of the five-day visit of the Chief Minister and his entourage to China, and the delegation left for New Delhi from Guiyang city in Guizhou province covering Hong Kong en route.
The Chief Minister is expected to meet Union Finance Minister Arun Jaitley in New Delhi on Friday to discuss the pending projects and releases to the State. This would be followed by his meeting with Union Water Resources Development Minister Uma Bharti.
According to officials, the State signed MoUs with Power China Guizhou Engineering Corporation, China State Construction Fourth Engineering Division Co Ltd, South Huiton Co Ltd, Guizhou Chang Taiyuan Energy Saving Building Materials, Acedrills Rock Tools, and Guizhou Maritime Silk Road International Investments Corporation.
The Power China Guizhou Engineering Corporation proposed to invest in infrastructure, renewable energy, power transmission, and distribution.
The company assured that it would invest in various stages in the coming months with an expected employment potential of 10,000.
The China State Construction Fourth Engineering Division agreed to be an active partner in the capital construction project.
It would also focus on livelihoods and construction industry development projects.
South Huiton agreed to venture into municipal water supply, sewerage treatment, and seawater desalination projects in different districts of the State.
Guizhou Chang Taiyuan Co would focus on setting up of modern building materials manufacturing park.
Acedrills Rock Tools would invest in rock tools, construction, and drilling equipment, in addition to mining.
Guizhou Maritime Silk Road International Investments Corporation agreed to invest and play an active role in the proposed infrastructure park.
Among others, they pertain to renewable energy, infrastructure, seawater desalination, and mining
