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Naidu woos Singaporean investors
Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday made all out efforts to convince prospective investors to come to Andhra Pradesh.
- Says there will be no power hassles in the State
- Unveils plans to provide 20-30 mbps high-speed broadband connection to every household
- Winds up three-day tour
Hyderabad: Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday made all out efforts to convince prospective investors to come to Andhra Pradesh.
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He assured the industrialists that there were no power problems in the State. The Chief Minister made a strong pitch and told the investors, “My target is to provide 20-30 Mbps high-speed broadband connection to every household in the next two years and upgrade the speed further.”
He said the State government has plans to create smaller airports to connect them to major airports and added that the government was working on a “deemed approval model of clearances”.
If a request is not responded to within 30 days that means the approval is deemed to have been given, he said.
He told investors that the government would appoint escort officers for major investment projects. It would then be the officer’s responsibility to get clearances. Stating that he would create a massive land bank for industries, the Chief Minister said this would pave way for creating industrial townships.
Naidu said coffee, dairy and cashew plantation were some of the areas which could be explored by the investors in Singapore. Before winding up his three day visit to Singapore, Naidu delivered the keynote address at the 9thInternational Conference on “The State of South Asia” at the Institute of South Asian Studies. He said, “India is hungry for development” and that this was a one-time opportunity for Singapore to participate in building Andhra Pradesh’s capital.
The Chief Minister later visited the Jurong Island that has over 100 companies.He also held a meeting with the Singapore Tourism Board officials.
