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Naidu focuses on research, manufacturing companies
The delegation from Andhra Pradesh led by Chief Minister N Chandrababu Naidu on Monday met the executives from Sinomach which has 50 research and manufacturing companies. Liu Jingzhen, the company’s vice-president, evinced interest to invest in India. “We are No.1 in China in manufacturing of machinery. We are watching India’s growth trajectory. We know that India has a high growth potential,” said Jingzhen.
Hyderabad: The delegation from Andhra Pradesh led by Chief Minister N Chandrababu Naidu on Monday met the executives from Sinomach which has 50 research and manufacturing companies. Liu Jingzhen, the company’s vice-president, evinced interest to invest in India. “We are No.1 in China in manufacturing of machinery. We are watching India’s growth trajectory. We know that India has a high growth potential,” said Jingzhen.
The company informed the Chief Minister that they will meet him soon with a detailed proposal in June or July. The company has come up with a proposal to set up an industrial park. The Chief Minister extended an invitation to Sinomach’s president to visit AP soon so that MoU can be signed with the company when the Prime Minister visits China.
In another meeting with executives from Shenzen Mary Photoelectric Co. Ltd, a company controlled by the government of China, the Chief Minister was informed that they were one of the top 10 companies in China for LED displays. The CM invited them to explore opportunities in AP for setting up a manufacturing plant or assembling unit in AP. “We have low labour costs in India,” he added. During the meeting, Siemens senior vice-president Müslüm Yakisan said that the company is interested in infrastructure projects in India.
“Railways, airports, turnkey projects. We have expertise in inter-city and high-speed transport, commuter and regional transport. We are also good at urban transport, offer e-mobility solutions for e-cars, e-buses, parking management integrated-traffic management,” Yakisan added. Yakisan, who saw the presentation made by the AP delegation, said that the new capital of Andhra Pradesh will require e-mobility solutions in traffic management, satellite solutions and solutions for airports and air-traffic.
The senior VP said the company will come to AP with a detailed project report (DPR). The Chief Minister said that the company could explore PPP model. Referring to the proposals of AP to have metros in Vijayawada, Visakhapatnam and Tirupati, the company informed the CM that they had worked on passenger and cargo solutions in Germany and they can work with Andhra Pradesh. The Chief Minister asked the company executives to be part of Amaravati and take up a pilot project for 10-15 km within the city.
