Published & Updated as on - 2010-03-21
Andhra
Pradesh Chief Minister K Rosaiah today impressed upon Singapore President
Sellapan Rama nathan that the state was the best destination for making
investments.
The
Chief Minister called on the Singapore President at a star hotel in Shamshabad
and told the latter that the atmosphere in Andhra Pradesh was conducive for
massive investments in various sectors, a release from the Chief Minister's
office here said.
''Andhra Pradesh provides the best
infrastructure for investors with single window clearance and maximum
incentives in the country.
The new industrial policy,
which will ensure more attractive incentives is to be announced soon,'' he
said.
Mr Rosaiah told the Singapore President that
there were many sectors like IT, infrastructure and food processing where
Singapore investors could invest.
''We are first
among the best in many sectors. We also have lowest power tariff for industrial
sector, abundant natural resources and vast skilled and unskilled human
resources.'' Mr Rosaiah asked the Singapore investors and industrialists whom
he described as world leaders in investments and most enterprising, ''not to
miss the bus''.
Mr Nathan agreed in principle to
import fruits and vegetables from Andhra Pradesh through societies in large
scale.
Andhra Pradesh has the maximum number of Engineering
Colleges and IITs producing skilled manpower, the Chief Minister said, adding
AP is a leader in paper, cement, pharma and granite Industries, second in the
country in Textiles, third in iron and fourth in steel production.
Other
potential sectors were food processing, engineering industries and
biotechnology besides emerging sectors like semiconductors, aerospace and
precision tools.
The Singapore President assured the
Chief Minister that he would convince the industrialists and investors of his
country to invest in Andhra Pradesh and invited the Chief Minister to visit
Singapore at an early convenient time.
The Singapore
President told the Chief Minister that he was very happy to visit Andhra
Pradesh, one of the fastest growing states in the country.
Source
: www.newkerala.com 20/3/10 |
