Naidu invites Japan to invest in Andhra capital
Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday invited Japanese firms to invest in the development of the new state capital and in various sectors which offer huge opportunities.
Hyderabad: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday invited Japanese firms to invest in the development of the new state capital and in various sectors which offer huge opportunities.
He promised the investors faster clearances, allotment of any amount of land, round-the-clock electricity supply, water and hassle-free business environment.
Naidu was addressing a seminar on "Expanding technology cooperation for smart community in Andhra Pradesh", organized by the New Energy and Industrial Technology Development Organization (NEDO) and Ministry of Economy Trade and Industry (METI), government of Japan.
About 100 Japanese delegates from 40 companies attended the seminar organised as a follow-up to Naidu's visit to Japan.
Naidu made a presentation on the investment opportunities in the capital region and also the special initiatives by his government to ensure ease of doing business.
The chief minister highlighted investment opportunities for Japanese investors in world-class capital city, smart villages, smart wards, renewable energy and energy efficiency.
Naidu said the capital city being developed in Guntur and Vijayawada offers investment opportunities of $30 billion in the next decade. He said metropolitan region of 7,068 sq km would have world class urban smart infrastructure facilities including world's largest ring road of 180 km.
Naidu asked the delegates to explore the opportunities for collaboration in urban infrastructure, manufacturing, agriculture, food processing and IT.
He promised dedicated industrial townships and industrial clusters for Japanese investments, single desk for all clearances and tax reforms to boost investment sentiments.