Andhra to hold investors’ meet in Vizag from today

Suresh Dharur

Tribune News Service

Hyderabad, February 23

In the backdrop of growing friction with the Centre over the alleged raw deal in the release of funds, the Andhra Pradesh government is putting up a mega show to attract investments into the state.

Chief Minister N Chandrababu Naidu, who is at loggerheads with his ally BJP over the alleged “injustice” being meted out to the state, is pulling out all the stops to showcase AP’s investment potential in myriad areas at the three-day CII Partnership Summit, in the port city of Visakhapatnam tomorrow.

To be inaugurated by Vice-President M Venkaiah Naidu, the flagship annual event is expected to see signing of at least 281 Memoranda of Understanding (MoUs), envisaging investments of over Rs 2.56 lakh crore with a potential to create employment for 4.25 lakh people.

The officials said estimations of investment potential were based on the interest evinced by the private companies in the run-up to the event to be attended by delegates from over 60 countries and trade ministers from 14 countries. Japan and South Korea have been chosen for the country sessions this year.

Nine plenary sessions and eight sectoral sessions would provide platform for the policy makers, and industry leaders to interact.