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Andhra Pradesh chief minister N Chandrababu Naidu, who is leading a state delegation to China, will sign 13 memoranda of understanding (MoUs) with various Chinese companies during the six-day tour of the neighbouring country beginning today. In the first leg of the visit to Beijing, the delegation will sign six government-to-business (G2B) agreements.
The government will sign an MoU with Camel Group Company Limited, engaged in the research and development, manufacture, distribution and recycling of storage batteries.
Another MoU will be signed with industry body, China Council for the Promotion of International Trade (CCPIT) pertaining to the construction sector.
Following the Guizhou International Investment Corporation delegates’ visit to Visakhapatnam in November last year, the state government will ink an MoU with the corporation, an official release said here today.
The state will also sign an MoU with Sinoma International Engineering Company Limited, which operates in equipment manufacturing, supply and engineering sector.
Another pact will be inked with New Hope Liuhe Company Limited. The firm engages in integration of farming industry operations such as feed production, livestock breeding and slaughtering, and meat processing.
Under the business-to-business (B2B) segment, the Andhra Pradesh government will sign two key MoUs with Chinese industries in Beijing.Vertex Cements (India) and Sinoma will also sign an MoU. Vertex Cements has already come forward to set up its cement unit at Gangavaram in Guntur district.
Apparels manufacturer Brandix and Chinese professional manufacturer and exporter of blankets Jiangsu Kingday Textile Company Limited will sign a pact in Beijing.At its second destination Chengdu, the state government will sign three MoUs with the Chinese companies.
The government will ink pact with Sichuan Chuanyi Automation Company Limited, an industry in supply, erection, commission of automated instrumentation for industrial uses.
It will also sign a pact with real estate company Panzhihua Guanghua Group Real Estate Development Limited and with Sichuan Vehiline Information Technology Company Limited.
Energy sector firm VSF Energy will sign a pact with China Western Power Industrial Company Limited. The Chinese company is the base of research and development, manufacture and export in China for large-scale power plant boiler, special-type boiler and power station auxiliary equipment.
During the last leg of the delegation’s tour in Shanghai, (under business-to-business segment), GMR will sign a pact with Chinese toy-maker Pals Plush. The play store giant will set up its only overseas operations at Sri City special economic zone in Andhra Pradesh’s Chittoor district.
During the trip, the delegation led by Naidu will also meet a number of industrialists, investors and businessmen inviting them to explore investment opportunities in the state, the release added.
