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Chandrababu Naidu seeks Japan’s assistance

November 23, 2014 - Hyderabad

Andhra Pradesh State Chief Minister Nara Chandrababu Naidu who is beginning his tour to Japan on Monday is likely to sign 6 Memorandum of Understandings (MoUs).

The Chief Minister is leading an 18 member official delegation that includes Finance Minister Yanamala Ramakrishnudu, Municipal Administration Minister P Narayana, MPs Galla Jayadev and C.M.Ramesh along with senior officials of different departments. The tour is mainly aimed at seeking financial assistance and technical expertise to rebuild the newly formed State and also for construction of new State Capital.

Chandrababu is scheduled to visit Osaka, Kyoto and Tokyo besides addressing the CEOs of Japanese companies. He would also have one-to-one interactions with them.

Four of the MoUs would be with Sumitomo Corporation, one would be signed with the Japanese Ministry of Economy, Trade and Conference. The sixth MoU would be with New Energy and Industrial Technology Development (NEDO) on promoting new types of clean energy. The MoUs with Sumitomo Corporation include agreement to set up a 4,000 MW thermal plant in Srikakulam. Through the MoUs, the Sumitomo Corporation would help the State technically and financially for building up Smart Cities and mobilise funds from other Asian countries.

Sunrise State
The State Government has prepared video presentation and brochures both in English and Japanese detailing the opportunities for investments in various sectors. The brochure gives a snapshot of the ‘Sunrise State’ and describes it as a ‘credible investment destination’. Among the top industrial sectors, it lists fabricated metal products, electrical equipment, tobacco, textiles, non-metallic mineral’s, chemical products and electricity (non-coal based thermal).

Andhra News

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