Friday, January 27, 2017
Andhra Pradesh State Chief Minister Nara Chandrababu Naidu rolled out a red carpet to corporates to partner with the State to build Amaravati.
Chandrababu claimed of having credit of acquiring 35,000 acres of land from farmers under Land Pooling Scheme worth Rs.40,000 crore for construction of the capital city. Speaking at the Summit at APIIC Grounds, Harbour Park said that because of his proactive policies, they had signed 328 MoUs envisaging an investment of Rs.4.67 lakh core during the Summit. He put the number of projects at 927 with an investment of Rs.5.03 lakh core.
Union Minister of State Petroleum and Natural Gas Dharmendra Pradhan announcing a slew of investment proposals here on the first day of CII Partnership Summit 2017 said that HPCL, GAIL and ONGC have signed MoUs with a total investment of Rs.1.65 lakh crore with the State government out of which Rs.78,000 crore worth MoUs have been signed by ONGC and GAIL.
Dharmendra Pradhan said that investments of $20 billion has been made for the Krishna Godavari Basic by public and private sector companies and will generate 3,000 direct jobs and 30,000 indirect jobs in the State. HPCL will generate 1,000 direct and 10,000 indirect jobs.
Union Minister for Urban Development M.Venakaiah Naidu said the Government of India was committed to extending wholehearted support to the State to undo the injustice done by the UPA-II government. He said that the Centre was going ahead with investment of Rs.50,000 crore on petrochemical complex and Rs.64,000 crore on highway expansion in the State.
Union Minister for Finance Arun Jaitely gave away Time India awards. He presented the Time India best innovator award to Mahindra and Mahindra and global manufacturer award to Bharat Forge Ltd., Separate awards were given for outstanding MSME, innovator, manufacturer, startup innovator, sustainable pioneer, jury special mention for MSME and startups.