Many Japanese companies are said to have evinced keen interest in investing in Andhra Pradesh. A delegation consisting of over 80 representatives from various companies had an interactive session with Naidu in Vijayawada on Monday. The delegation was led by Japan's Minister for Economy, Trade and Industry Yosuke Takagi. Speaking on the occasion, Naidu said Japan and Andhra Pradesh can take the lead in economic integration to achieve sustainable growth in the Indo Pacific region.
The State government selected the Maki Associates of Japan for designing the new capital city at Amaravati and sought full-fledged cooperation from Japan through investments. Direct flights would be introduced from Vijayawada to Tokyo soon, he said. Since Japan is sound in technology and AP strong in human and natural resources, Naidu said that the Andhra Pradesh government hopes for a considerable Japanese investment in various sectors.
A monitoring system with joint mechanism should be developed to improve relations between AP and Japan. Japan's Minister Yosuke Takagi said that government and private sectors of Japan would extend support for industrial development in AP. During the meeting, several companies came forward with their proposals for investment. The Fuji electric company expressed interest in developing Amaravati as smart capital with micro-grid system, including renewable energy management.
The CM agreed to provide the responsibility of developing real time smart meter reading to Fuji. He said that the project should be completed by September. As the JFE Company came forward to invest in waste management, Naidu asked the company to extend technical support to existing waste management projects in AP. Nippon showed interest in developing traffic management system in Amaravati. It has been asked to develop traffic management system in Vijayawada on experimental basis.
The CM asked the NEC Company to launch a pilot project on face recognition technology, cloud behaviour monitoring technology in Krishna pushkaralu. It also agreed to extend support in city surveillance system.
Toshiba representatives were asked to use the radar system developed by them to forecast floods during cyclones. Hitachi showed keenness to develop Amaravati and energy management system. Minister for Finance Yanamala Ramakrishnudu, Social Welfare Minister Ravela Kishore Babu, Chief Secretary S P Tucker, Principal Secretary Ajay Jain, Economic Development Board CEO J Krishna Kishore and others were present.