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Rajasthan chief minister Bhajan Lal Sharma on Friday invited industries to participate in the three-day 'Rising Rajasthan' Global Investment Summit, beginning December 9, and signed investment agreements worth Rs 4.5 lakh crore. The chief minister signed agreements for investment in the state worth Rs 4.5 lakh crore, which is estimated to generate 6,78,000 jobs mostly in the renewable energy, education and cement sector, at a roadshow organised by industry body CII. "This is the first 'Rising Rajasthan' Global Investment Summit and I urge industry leaders to participate in the event and invest in the state. We promise to provide you with all resources and support needed for setting up your industries," Sharma assured. The roadshow in Mumbai was the first in the country for promoting 'Rising Rajasthan' Global Investment Summit. Similar roadshows will be held in Delhi, Hyderabad, Chennai, as well as in countries such as Japan, South Korea, Singapore, the UAE, Saudi Arabia, the United
The GMR Group which is in the process of developing an international airport at Bhogapuram near here will be investing Rs 5,000 crore on the aerodrome in the first phase. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, GM Rao, chairman of GMR Group said the first phase of the airport will be developed to serve six million passengers per annum. "We will be developing Bhogapuram Airport with the first phase serving six million passengers and an ultimate capacity of 40 million passenger (per annum). The first phase investment will be to the tune of Rs 5,000 crore," Rao said. The airport will have state-of-the-art cargo facilities that will cater to exports and aerotropolis and airport city around the airport that will consist of an industrial zone, airspace zone and education and healthcare zones, he said. Rao further said the airport would replicate the success of Hyderabad aerodrome which will help in the transformation of Visakhapatnam city
With the presence of industry bigwigs such as Mukesh Ambani of Reliance Group, GM Rao of GMR Group, founder-chairman of Cyient BV Mohan Reddy, the Global Investors Summit 2023 "Advantage Andhra Pradesh" began here on Friday. The sprawling sports grounds of Andhra University is hosting the two-day meet, where about 200 stalls have been set up, including over 30 showcasing the various advantages of investing in Andhra Pradesh in 13 crucial sectors identified by the government. The venue has five massive halls and each hall will host different events such as government-to-business (G2B) meetings, seminars, and meetings. Over 8,000 dignitaries and investors from across India and 40 other countries including China and USA are attending the event, a government press release said. Speaking at the inaugural session, AP Finance Minister Buggana Rajendranath Reddy said the dream is not only to re-establish AP as the industrial hub of the India but of the globe. "We have proximity to Chennai