Amaravati: The three-day Singapore tour of Andhra Pradesh Chief Minister N Chandrababu Naidu has helped in the branding of capital city Amaravati at the world cities summit and attract a large number of companies to invest here.
Impressed by the vision and administrative ability of the Chief Minister, several international technology giants expressed their interest in entering into a tie-up with the State and set up their units here, according to a release.
On the first day of the tour, Naidu, addressing World Cities Summit Mayors Forum, showcased Amaravati as investors’ destination.
Impressed by his presentation, the Asian Infrastructure Investment Bank (AIIB) director general of investment operations Pang Yee Ean said that they are willing to work with AP to develop roads, water supply, irrigation and electricity sectors, while Lodha group CEO Abhishek Mangal Prabhat Lodha came forward to invest in malls and entertainment sectors in Amaravati.
The Chief Minister also invited Fotescue metals group of Australia to set up a steel plant in Kadapa. Earlier, Fotescue metals group had expresses interest in setting up a floating storage degasification unit and lithium battery manufacturing unit in AP.
Moreover, the SMH Rail of Malaysia and Royal Holdings of Singapore expressed readiness to invest in metro rail manufacturing, infrastructure, entertainment and housing sectors. The Eli Hajaj group is interested in establishing aero hub in AP to produce 75 per cent of aircraft components and appealed the Chief Minister to allot them land. The group had promised to start production within six months after the allotment of land, and the Dassaults Systems explained its plans to reduce day temperature in Amaravati.
On the second day of the tour, a MoU was signed between Asia Competitiveness Institute-Lee Kuan Yew School of Public Policy and Government of Andhra Pradesh in capacity building and to raise standards in latest technology. Participating in a panel discussion on ‘Urbanisation-Water, Environment and Transport Management’, the Chief Minister said that Amaravati would be developed as a blend of technology, innovation and culture.
On the concluding day of the tour on Tuesday, during a meeting with Singapore Finance Minister Hung Swee Keat, the Chief Minister said that they were planning on increasing the use of technology to serve people better. He said that Singapore has deep financial strength and that AP has skilled manpower. “Andhra Pradesh is ready to associate with Singapore in skill development initiative,” he said.