Naidu’s Effort: 2 Lakh Crore Investments in AP

Posted : July 8, 2014 at 1:35 pm IST by ManaTeluguMovies

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In an effort to develop Seemandhra on par with Singapore, as promised during polls, Andhra Pradesh’s first Chief Minister Chandra Babu Naidu is going to attend a high-profile Conference, which will have delegates representing from all top firms, in Mumbai soon. Led by Reliance ADAG (Anil Dhirubhai Ambani Group), the conference is going to witness creme de la creme of global corporate sector.

Chandra Babu is going address the delegation and woo the top notch investors to put in their investments into the new state of Andhra Pradesh which got raw deal with the bifurcation. Top sources close to Babu confirm that he is going to explore all the possibilities of investments, especially in infrastructure and power sector. Besides Ambanis several other top business tycoons are keen to come forward to AP and set up their ventures. Given that Chandra Babu already promised 24X7 power supply to industries, households and AP has special status which exempts several taxes,

The Ambani group, Tatas are looking towards AP for an investment of over  Rs. Two lakh crore in urban infrastructure, power units, IT corridors, manufacturing , engineering goods. CM Naidu has prepared several project proposals and going to present the same to the delegates. Babu is hopeful of garnering investors as he is going to offer special sops that were entitled to in the Special package anticipated from Centre. The more investments, companies in turn create more employment to unemployed youth in AP which is a good sign.