CRDA inks MoUs with 37 investors

AP Capital Region Development Authority (APCRDA) has entered into Memorandum of Understanding with 37 investors with potential investment of Rs. 49,800 crore and to create jobs for over 78,000 persons in the CII Partnership Summit 2018 organiSed by Andhra Pradesh Government, in association with Department of Industrial Promotion & Policies (DIPP), Government of India and Confederation of Indian Industry in Vishakhapatnam, according to a press note.

Some of the prominent investors are ANAS International Enterprises, Italy, KumiUmi Asset Management CO. Ltd, Japan, Vindhya Telelinks, Smartbikes Mobility India Pvt. Ltd., LEH Confluential Corp., Toonz Animations India Pvt. Ltd., Gold Fish Abode, Whistling Wood International Institute, Astragen India Pvt. Ltd., Kosta Marina, Cube Design Consortium, various international and national schools, universities and academies. These investments are spread across sectors like housing, infrastructure, education, healthcare, sports, tourism, entertainment, hospitality, disruptive technology projects, media and animation, industrial parks, logistic hub etc.

3D models

The summit was meant to attract both international and domestic investments into Andhra Pradesh including Amaravati.

APCRDA participated in the summit and displayed 3D models of master plan of Amaravati, master plan of Amaravati Government Complex (AGC), designs of iconic legislature building and AP High Court coming up in AGC.

During the Partnership Summits held in 2016 and 2017, APCRDA had entered MoUs with 57 investors of which five projects have commenced operations and another 21 projects are in advanced stage of implementation and they will be operational soon.

The committed investment of these 26 projects is about Rs. 66,200 crore when these projects are completed. This investment is roughly 69% of the total committed investments.

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