Andhra Pradesh

Naidu gets down to business in China

Chief Minister N. Chandrababu Naidu’s week-long tour of China began on Sunday with a high-level meeting that involved top executives of Sinoma International Engineering Co. Ltd and LNV Technology Private Limited in Beijing.

Briefing Mr. Naidu about the company, Sinoma International Chairman Song Shoushan said the company looked at Andhra Pradesh as a potential State for their biggest manufacturing facility in India, stated a press release from the State government. Sinoma, which is currently studying the cement market trends in India, sought inputs about the system of approvals and tax structure in India.

Sinoma International also evinced interest in making investments in cement and wind energy projects. It supplies equipment to 170 cement plants across the world, including the Chinese companies having a capacity of 3.50 billion metric tonnes.

While expressing pleasure over the interest the Chinese group has shown in investing in India, Mr. Naidu said Sinoma could set up its cement manufacturing unit in A.P which has the largest limestone reserves in India, and made it a point that construction of the State’s Capital city would trigger a huge demand for cement.

The Chief Minister went on to explain the single-desk system and country-specific desks that Andhra Pradesh offered to foreign investors. Later, he extended an invitation to the Sinoma Group to make a visit of various sites in Andhra Pradesh to explore the possibility of foraying into the fledgling State.





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Printable version | Jul 27, 2021 12:23:09 AM | https://www.thehindu.com/news/national/andhra-pradesh/naidu-gets-down-to-business-in-china/article7096634.ece

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