Andhra Pradesh

US firms keen on investing in State

A delegation of the US-India Strategic Partnership Forum (USISPF) met Chief Minister N. Chandrababu Naidu and evinced interest in investing in the State.

The delegation, led by USISPF president Mukesh Aghi, said the climate in the State and the government policies were conducive for investments.

The USISPF would work closely with business and government leaders to achieve its goals of driving economic growth, job creation, innovation, inclusion, and entrepreneurship.

Pfizer proposal

Sharad Goswami of Pfizer proposed to introduce Special Purpose Vehicles (SPVs) with the support of the government and Unicef for vaccination campaigns to fight pneumonia. The highest cause for infant mortality in the State was pneumonia, and A.P. reports the highest pneumonia incidents than any State in South India, he said. Approving the proposals for the campaign, Mr. Naidu asked them to launch it immediately.

Mr. Goswami said the team was ready with all the supplies and a custom-made vaccine for India. The vaccine, which originally costs ₹4,000 per dose, would be given for just ₹150 per dose. The vaccine was approved by the Government of India, and had also been used in many countries, he said.

Amway expressed its intent to promote organic farming and lead efforts in technology transfer and skill in Andhra Pradesh. It requested allotment of 500 acres in this regard.

In response to it, Mr. Naidu said A.P. was striving for zero investment organic farming with the assistance of Subhash Palekar and asked the company to coordinate with the natural farming expert.

Shire pharma’s offer

Bhaskar Jyoti Sonowal of Shire Pharmaceuticals said the firm would enter into an agreement with the government to set up diagnostic centres in every district for Hemophilia and rare diseases. The firm would also develop IT infrastructure to create India’s first rare disease registry and analysis of medical data. The firm would also contribute by organising capacity building workshops for doctors from international training facilities, he said.

PepsiCo’s plan

Himanshu Priyadarshini of PepsiCo said the company was interested to include organic fruit juices into their carbonated beverages, and indirectly promote horticulture.

The Chief Minister expressed interest in partnering with the USISPF and making Andhra Pradesh a horticultural hub, a global destination, and a technologically-equipped State.

Mr. Naidu will be participating in a Round Table Investment Conference in New Delhi on October 9.


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Printable version | Oct 23, 2021 6:27:19 PM | https://www.thehindu.com/news/national/andhra-pradesh/us-firms-keen-on-investing-in-state/article19738496.ece

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