AP CM woos investors at India-Australia Summit in Delhi

Making a strong pitch for investments into Andhra Pradesh Chief Minister N Chandrababu Naidu said here today that investment proposals would be cleared at a single desk as per the state's new industrial policy.
Speaking at the Confederation of Indian Industries (CII) organised India-Australia Summit in Delhi today, Naidu said that Andhra Pradesh is endowed with abundant human and natural resources which offers wide scope for investments, according to an AP state government release issued here.
The Centre is expected to announce a special package of incentives for Andhra Pradesh soon as per the Andhra Pradesh Re-organisation Act, the release said.

The release said that he expressed confidence that Andhra Pradesh would be a pioneer in development of all sectors by 2029.
"Therefore, it is the right time for Australian companies to look at India. Some of the sectors that we can consider are energy, mining, resources, infrastructure, financial services, food security, agriculture, water management, education, tourism and health, technology and infotech sector," he said.
He said that the government is in the process of developing a Petroleum and Petrochemical Investment Region (PCPIR) between Visakhapatnam and Kakinada in an area of 603 square kilometres.

In the Chennai-Bangalore Industrial Corridor, there is lot of scope for mineral-based industries, leather tanning industry, as well as automobile and glass industry, he said.

The Visakhapatnam-Chennai Industrial Corridor, could benefit from petroleum, steel, fertilisers, power, minerals, edible oil refineries, automobile, textiles, cement, chemical, biotechnology and food processing sectors, he said.
The new state of Andhra Pradesh is geared up to become the logistics hub of the country because of its strategic location on the eastern coast of the country, he said.