Andhra Pradesh government inks deals worth Rs 4.25 lakh crore

[Spartan]

@psycopk

 

Visakhapatnam: The AP government has signed MoUs with as many as 128 companies that may bring in investments worth Rs 4.25 lakh-crore on the first day of the Partnership Summit on Friday. MoUs with public sector oil and gas companies alone are worth Rs 1.38 lakh-crore which include Rs 20,000 crore for expansion of the existing facilities in Visakhapatnam.

The AP government will conclude the 21st edition of Partnership Summit by signing 713 MoUs which could fetch an investment of Rs 10.05 lakh-crore. The MoUs, if executed, could provide employment to 14.9 lakh people. During last year’s Summit, 328 MoUs were signed. Of the 128 companies which inked the MoUs with the government on Friday, 68 are related to IT and allied services. These new companies will provide around 5.5 lakh jobs.

Chief Minister N. Chandrababu Naidu said HPCL and GAIL will make an investment of Rs 40,000 crore and ONGC Rs 78,000 crore. HPCL will invest Rs 20,000 crore for expansion of its existing facilities in Visakhapatnam.

[Spartan]

Investments worth over Rs 2.82 lakh crore were commissioned in Andhra Pradesh in the past one year and the state aspires to clock a 15 per cent growth rate next fiscal, Andhra Pradesh Chief Minister Chandrababu Naidu said on Friday.

Inviting businesses to invest in sectors like minerals, infrastructure and railways, Naidu said the state aspires to make it to the list of top 10 states in global rankings for ease of doing business.

"India is growing at 7.2 per cent, Andhra Pradesh's growth rate is 12.23 per cent. This year onwards, we want to reach 15 per cent... As of today, we are number one in Ease of Doing Business ranking in India by World Bank and DIPP. We want to be among top 10 in the world in ease of doing business," Naidu said at the Investment Summit here.

The Chief Minister said at the summit last year that the state had signed 328 MoUs worth Rs 4.67 lakh crore, which created employment for 9.58 lakh people. Further, 927 projects have come entailing investments of Rs 5.03 lakh crore with an employment potential of 10.05 lakh.

"So far, we are able to materialise... nearly Rs 659 projects have been cleared and Rs 2.82 lakh crore investments have come to Andhra Pradesh in last one year, this is the biggest investment. No other State has got this investment. We are in close competition with Gujarat," Naidu said.

Andhra Pradesh was bifurcated with the creation of a separate state of Telangana in June 2014.

As per the World Bank and DIPP report released in October 2016, Andhra Pradesh and Telangana had jointly dislodged Gujarat to emerge as the best states to do business in the country.

In 2015 Index, Gujarat featured at the top, with Andhra Pradesh grabbing the second position and Telangana 13th

[Spartan]

@psycopk  15% growth rate ..

[k2s]

35 minutes ago, Spartan said:

@psycopk

 

Visakhapatnam: The AP government has signed MoUs with as many as 128 companies that may bring in investments worth Rs 4.25 lakh-crore on the first day of the Partnership Summit on Friday. MoUs with public sector oil and gas companies alone are worth Rs 1.38 lakh-crore which include Rs 20,000 crore for expansion of the existing facilities in Visakhapatnam.

The AP government will conclude the 21st edition of Partnership Summit by signing 713 MoUs which could fetch an investment of Rs 10.05 lakh-crore. The MoUs, if executed, could provide employment to 14.9 lakh people. During last year’s Summit, 328 MoUs were signed. Of the 128 companies which inked the MoUs with the government on Friday, 68 are related to IT and allied services. These new companies will provide around 5.5 lakh jobs.

Chief Minister N. Chandrababu Naidu said HPCL and GAIL will make an investment of Rs 40,000 crore and ONGC Rs 78,000 crore. HPCL will invest Rs 20,000 crore for expansion of its existing facilities in Visakhapatnam.

 

35 minutes ago, Spartan said:

Investments worth over Rs 2.82 lakh crore were commissioned in Andhra Pradesh in the past one year and the state aspires to clock a 15 per cent growth rate next fiscal, Andhra Pradesh Chief Minister Chandrababu Naidu said on Friday.

Inviting businesses to invest in sectors like minerals, infrastructure and railways, Naidu said the state aspires to make it to the list of top 10 states in global rankings for ease of doing business.

"India is growing at 7.2 per cent, Andhra Pradesh's growth rate is 12.23 per cent. This year onwards, we want to reach 15 per cent... As of today, we are number one in Ease of Doing Business ranking in India by World Bank and DIPP. We want to be among top 10 in the world in ease of doing business," Naidu said at the Investment Summit here.

The Chief Minister said at the summit last year that the state had signed 328 MoUs worth Rs 4.67 lakh crore, which created employment for 9.58 lakh people. Further, 927 projects have come entailing investments of Rs 5.03 lakh crore with an employment potential of 10.05 lakh.

"So far, we are able to materialise... nearly Rs 659 projects have been cleared and Rs 2.82 lakh crore investments have come to Andhra Pradesh in last one year, this is the biggest investment. No other State has got this investment. We are in close competition with Gujarat," Naidu said.

Andhra Pradesh was bifurcated with the creation of a separate state of Telangana in June 2014.

As per the World Bank and DIPP report released in October 2016, Andhra Pradesh and Telangana had jointly dislodged Gujarat to emerge as the best states to do business in the country.

In 2015 Index, Gujarat featured at the top, with Andhra Pradesh grabbing the second position and Telangana 13th

maggavale 

[TampaChinnodu]

inka special status package enduku antaaru ilanti lekkalu choopisthe 

[DaleSteyn1]

1 hour ago, Spartan said:

@psycopk  15% growth rate ..

Rofl

[Kirak007]

Last yr 10 lakh core investments ani mou lu sign chesi janalani VP chesaru malli 2nd yr same😂😂😂😂

[Vaampire]

Chitti last yr kooda 5 lakh crores enthako mou lu sign chesaru. Recent ga evaro rti file chesthey ippati varaku 1 rupee kooda investment raledhu ani govt answer ichindi

[k2s]

4 minutes ago, Vaampire said:

Chitti last yr kooda 5 lakh crores enthako mou lu sign chesaru. Recent ga evaro rti file chesthey ippati varaku 1 rupee kooda investment raledhu ani govt answer ichindi

invest chesi marchipovaley anta