The efforts of the State government to set up exclusive desks to attract investments from China and Japan seem to be yielding results. Chinese firm Sany Group has come forward to make its first move towards investment in the State.
Now, Sany Group, which is into machine manufacturing, road construction machinery, excavators, wind turbines, port machinery and etc is exploring investment opportunities in AP. While Chinese mobile manufacturing companies such as Xiaomi and Gionee have already set up their units in the State recently, a few others in hardware and cement sectors are already operating in AP.
A 20-member delegation of Sany Group, led by its Chairman Liang Wengen, met Chief Minister N. Chandrababu Naidu here on Friday and discussed the investment opportunities in the new State. Sany Group has plans to make investments worth US$ 3 billion in India in the sustainable energy sector.
During the meeting, the Chief Minister informed the delegation that the State was offering immense opportunities in power, mining, ports, infra and housing sectors.
Ajay Jain, Secretary, Department of Energy explained the delegation about the government’s initiatives in renewable energy and said already three mega solar projects were established in the State.
After a detailed presentation by the officials, the delegation clarified with the Chief Minister on various issues. Expressing satisfaction after the interaction with the Chief Minister, the company officials evinced interest in doing business with the State.
Mr. Naidu wanted the delegation to come up with specific proposals for investments and added that the government would be ready to extend all the help required.
He told the delegation that the company would be welcome to work either with the government or with the private sector.
Chief Minister asks the 20-member Chinese delegation to submit specific proposals
