Naidu wooing Chinese investors

chandrababu-chinaAndhra Pradesh Chief Minister N.Chandrababu Naidu on his 5 day China tour to attract investments to the state of Andhra Pradesh.

He participated in a meeting hosted by the World Economic Forum and invited Chinese companies to participate in the development of Amaravati. On the first day itself, China firm Ansteel Engineering Technology Corporation Limited to invest in the state, to set up a steel plant with `3,000 crore in the state.

AP Govt & Chinese firms have inked an MoU for Industrial Park at Donakonda in Prakasam District.The Industrial Park will house Building Materials Industrial Park & Modern Building Materials Logistics Park.The Industrial Park will provide direct employment to nearly 50,000 people & indirect employment to over a lakh people.

On the third day Naidu will travel to Guiyang, the capital of the Guizhou province where he will visit Guiyang Urban Planning Exhibition Museum and Guiyang International Eco-conference Centre and sign Mou.

On the last day of the tour Naidu will be attending a road show for the promotion of investment in Andhra Pradesh. In his previous tour Naidu has attracted 5000 cr investments .


In his tour he met Mitsubishi Heavy Industries head, met Valerie Feldmann from Ogin Inc. Power industry giant, Dongfang Electric ,CEO of the Kuwaiti Danish Dairy Company, Dave Glazer from Palantir technologies Inc, Chairman of Hangzhou Dingsheng Industry Group, He also invested Libra group to set up Asia office in Amravati.