The Andhra Pradesh government is set to sign about 100 MoUs worth over Rs 2 lakh crore across various sectors during the Confederation of Indian Industry (CII) Partnership Summit 2016 to be held from January 10-12 at Vizag.
“MoUs are expected to be inked during the the summit across manufacturing, mining, food processing, energy, IT, infrastructure, housing, tourism and skill development sectors,” a senior government official told FE.
Union finance minister Arun Jaitley, minister of state for commerce and industry Nirmala Sitharaman are among the dignitaries who will attend the event.
The primary focus would be on AP’s capital city Amaravathi and converting it into a hub of economic diversity, employment and development. “Vijayawada and Amaravathi are likely to witness a lot of interest from investors who are keeping a close watch on the progress in these areas. With the master plan being designed by Surbana International Consultants from Singapore, interest from international investors is also likely to be high,” the official said.
Calling AP as a sunrise state for attracting industry and investments, chief minister N Chandrababu Naidu hopes to mobilise huge investments with industry-friendly policies. The three-day summit is expected to have discussions traversing multiple topics like Sunrise AP Vision 2029, multi-lateralism versus regionalism, the future of global trade, Make in India, global financial architecture and industry and climate change.
The MoUs will include those for renewable energy and infrastructure projects.