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Will make A.P. the most favourable investment destination: Naidu

Pressclubofindia, indian Tehalka news

Giving an assurance that the government will provide 24/7 power, water and fast clearances, Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday exuded confidence on making his State the most favourable investment destination.

“We will build again. Everything will come as there is lot of opportunity here [in Andhra Pradesh]. We will make it the most favourable investment destination,” Mr. Naidu said on the sidelines of the India Economic Summit here.

Mr. Naidu took oath as the first Chief Minister of Andhra Pradesh after the State was bifurcated to create Telangana in June this year. He is credited with persuading global technology majors to setup their R&D centres in Hyderabad. Post-bifurcation, many IT industries near Hyderabad have gone to Telengana.

The Chief Minister, however, is confident of building the State’s industrial fortunes again. “I am confident that not only IT, but also electronic hardware manufacturing, automobile, agro-processing, petrochemicals hub and pharma will come. Everything will come.”

As a port hub

Further, Mr. Naidu said the government was looking at developing the State as a port hub, “Andhra Pradesh has a 1,000 km coastline, no other State has such a large coastline. On the east cost we have 4 ports and we are going to develop another 10 ports. Ultimately, we want to make Andhra Pradesh a port hub and a gateway for India,” he said.

On the issue of power, Mr. Naidu said the government would provide 24/7 cost-effective power to the industries with dedicated feeder line for big industries. “In the last 5 months I have increased the power efficiency from 65 per cent to 85-90 per cent,” he said.

“We have to ensure every house is connected. We intend to provide 100 mbps of Internet speed connecting every household in the State in 1-2 years,” he added.

From: The Hindu

Will make A.P. the most favourable investment destination: Naidu Reviewed by on . Pressclubofindia, indian Tehalka news Giving an assurance that the government will provide 24/7 power, water and fast clearances, Andhra Pradesh Chief Minister Pressclubofindia, indian Tehalka news Giving an assurance that the government will provide 24/7 power, water and fast clearances, Andhra Pradesh Chief Minister Rating: 0
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