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Six MoUs signed On Last Day Of AP CM Naidu's China Tour

After vigorously hawking Brand Amaravati in China with the aid of brochures and a documentary in Chinese, chief Minister N Chandrababu Naidu concluded his tour of the nation on Thursday. On the last day of his five-day tour, six more memoranda of understanding (MoUs) were signed between the state government and Chinese companies.

"On the final day of the CM's visit to China, a record number of six MoUs were signed between the state government's Economic Development Board and leading Chinese companies in Guiyang. Chinese companies have come forward to invest in infrastructure, renewable energy and other sectors in the state," CMO officials said here.

The six companies are: Power China Guizhou Engineering Corporation (GEPCC), China State Construction Fourth Engineering Division Co Ltd, South Huiton Co Ltd, Guizhou Chang Taiyuan Energy Saving Building Materials Co Ltd, ACEDRILLS Rock Tolls Co Ltd and Guizhou Maritime Silk Road International Investments Corporation.

"These proposals have enormous potential to create many new jobs in the state in the coming days. For instance, Power China Guizhou Engineering Corporation's investments alone are expected to generate 10,000 new jobs in the state," the government's communiqué said.

Earlier in the day, a bilateral investment promotion summit was held in Guiyang in which 200 Chinese investors participated. A Chinese language film featuring Andhra Pradesh's industrial potential was played during the meeting. "Chinese FDI inflows into India stand at 1.25 billion US dollars. India has 500 Chinese companies. We need investments, technology and best practices from China," Naidu told the investors.

As has been his wont, he harped on the Buddhist legacy of Amaravati, saying, "AP has a special connect in the form of Buddhism. Our Acharya Nagarjuna spread Buddhism overseas. We have a good Buddhist tourism circuit. Some 5.2 billion dollar investment opportunities exist in AP in the tourism sector alone."

Naidu also made pitch for Chinese help in the construction of Amaravati. "We are in the process of building a new capital city. We are taking the best practices from around the globe. We want world class infrastructure in our capital. I request you to visit AP and Amaravati. Make AP your second home. We will extend all our cooperation," he said.

Ministers Y Ramakrishnudu and P Narayana, the state government's communications advisor Parakala Prabhakar, principal secretary to the CM Sai Prasad, principal secretary (energy) Ajay Jain and others accompanied Naidu on the tour.

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