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China’s Sany keen to invest in renewable energy in AP
Following Chief Minister N Chandrababu Naidu’s visit in April, Chinese companies have been showing keen interest in investing in the State.
- A 20-member delegation meets Naidu, discusses investment opportunities in State
- CM asks them to come up with specific proposals for investment in the new State
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Vijayawada: Following Chief Minister N Chandrababu Naidu’s visit in April, Chinese companies have been showing keen interest in investing in the State.
The latest is the Sany Group, which came forward to explore opportunities in the State. A 20-member delegation of Sany Group, led by the company chairman Liang Wengen, met the Chief Minister on Friday here and discussed the investment opportunities in the new State.
Sany Group, the world’s leading construction machine manufacturer, deals in vast product range of concrete machinery, road construction machinery, excavators, pile driver machinery, hoisting machinery, wind turbines, port machinery, oil machinery and precision machine tools.
Sany Group has plans to make investments worth $ 300 crore in India in the renewable energy sector.
The Chief Minister said that there are immense opportunities in power, mining, ports, infra and housing sectors in the State. The government would extend all possible help to the investors in establishing their ventures in the State, he added.
Secretary, Department of Energy, Ajay Jain, explained to the delegation that the State government, having already established three mega solar projects, was focusing on renewable energy. After the presentation by the officials,
the delegation members clarified with the Chief Minister on various issues. Expressing satisfaction over the interaction with the Chief Minister, the company officials showed readiness for doing business with the State.
The Chief Minister told the delegation members that the company can work either with the government or the private sector. He wanted them to come up with specific proposals for investments.
The Chief Minister said that Andhra Pradesh was an ideal destination for industrial establishment, given its wealth of natural resources, long coastline, well established ports and stable and experienced leadership.
He explained that already several Chinese companies, such as Xiaomi and Gionee have set up shops in the State. The Chinese firms are also present in hardware and cement sectors in the State, he added.
The Chief Minister told them how the State registered 9.17 GSDP in the first quarter of this year. The single desk system introduced recently would ensure that all approvals could be obtained in just 21 days, he said.
He also told them about the exclusive desk established in the State government for Chinese investors.Economic Board Chairman and Principal Secretary, Finance, Dr P V Ramesh, Secretary, Industries S S Rawat, Secretary, CMO, Sai Prasad, APIIC Chairman P Krishnaiah, Vice-Chairman & MD B Sridhar were present.
