CII Partnership Summit -2017 first day proceedings

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.

  • Essel Group Chairman Subhash Chandra said that his company singed MoU with the State government with an investment of Rs.5,000 crore for a smart city project during the current Summit.
  • GMR Group Chairman G.Mallikharjuna Rao said the State ranks first on all parameters including ease of documenting business and had set up Economic Development Board to expedite various investment projects.
  • A Greenfield port was being built in the Thondangi mandal of East Godavari district in the KSEZ area with an initial capacity of 15 million tonnes per annum. A cracker unit was also planned with an investment of Rs.35,000 crore.
  • Chairman of Suzlon Energy Tulsi Tanti on Friday said that it has related facilities for generating 1,000 MWs of wind energy in Anantapur district of which 600 MWs was being generated. It signed an agreement during the Partnership Summit held last year for generating 4,000 MWs of renewable energy of which 3,000 of wind power and 1,000 MWs of solar power.
  • Aditya Birla Grup Chairman Kumar Mangalam Birla said that they had already made an investment of Rs.10,000 crore in various projects in the State. Another Rs.7,000 croe will be invested in the coming two years in the expansion of the cement factory at Tadipatri in Anantapur and further improvement of the network of Idea Cellular. He said that they had created jobs for 11,000 people.
  • CMD of Bharat Forge Ltd Baba Kalyani said they would make an investment of Rs.1,300 crore in the defence and space components making unit in Anantapur and this would create jobs for 1,500 to 2,000 people. He said that two big projects to manufacture automotive and industrial components In Nellore were on the track. These projects were envisaged with an investment of Rs.1,400 crore to generate employment to 4,000 people.

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