| "AP Invest would be proactive in facilitating investments in eight sectors such as IT and ITES, food processing and horticulture, tourism, retail and real estate, education and health services, pharma and biotechnology and textiles and leather," chief minister Y S Rajasekhara Reddy said at the inauguration of Gitex-2005. |
| "The registered society will be owned by the state government and the chief executive officer of the organisation will be CS Rao, the IT advisor to the state government," he said. |
| According to the chief minister, AP Invest will be a single window facility, which would go to the industry outside the state and the country to woo in more investors. |
| "Any potential entrepreneur will be approached by AP Invest to invest in the state. The society will further take care of post-investment needs, as well as act as an investment ombudsman," Reddy said. |
| The chief minister himself will chair the new organisation with a steering committee consisting of a group of ministers and people from the industry. |
| On the proposed investment by Tata in the state, Reddy said, "The company's investment in Visakhapatnam is on having a facility for ferro-manganese and some other sand ores. They, however have not committed themselves on expanding the steel plant though we are ready to offer them services." |
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