Andhra Pradesh Chief Minister Chandrababu Naidu today met 30 Chinese investors and finalised plans to set up a gas-based fertilizer project at Krishnapatnam Port.
On his second visit to China to mobilise investments for his state, Naidu held discussions with investors including on setting up of metro rail projects in Vijayawada and Visakahpatnam.
Naidu, who was invited to take part in the Annual Meeting of the New Champions 2016, also known as the Summer Davos Forum, in Tianjin, has met several Chinese businessmen scouting for investments in the state.
He also met concerned officials to discuss proposals for high speed rail between Visakhapatnam-Chennai and Visakhapatnam-Tirupathi.
Chinese investors have evinced interest in stepping up investments in Andhra Pradesh, specially in construction of the new capital Amaravati, he told PTI here.
Officials accompanying him said two MOUs to set up a gas-based fertiliser plant at Krishnapatnam port were signed.
The MOU with a three-nation consortium of China HuanqinContracting and Engineering Corporation, LEPL Ventures Private Limited and Isomeric Holdingswill set upa fertilizer project atKrishnapatanamwith an investment of Rs 10,183 crore.
Naidu also said a Chinese investment centre is being set up at Donakonda in about 10,000 acres in which China's small and medium enterprises will set up plants to produce construction materials.
He and his delegation later left for Guiyang, capital of Guizhouprovince to meet investors there.
Naidu had visited China last year and met a number of Chinese investors pitching for investments in his state.
Several Chief Ministers have been visiting China in recent years addressing business seminars and meeting Chinese investors, inviting them to invest in their respective states.
Last week Madhya Pradesh Chief Minister Shivraj Singh Chouhan visited Beijing and Guangzhou to woo Chinese investors to invest in projects in his state.
