China desk for investment and ease of doing business to be set up in AP

YarnsandFibers News Bureau 2015-04-16 10:00:00 – Hyderabad

The Andhra Pradesh, Chief Minister N. Chandrababu Naidu on the third day of his tour to China on Tueday during a roundtable on Business Opportunities announced that the State would setting up of a dedicated China desk for investments and ease of doing business, behinds signing six Government-to-Business MoUs.

Inviting the Chinese to make Amaravathi their second home after Beijing, he observed that this was the right time to do business in India.

Following the round-table, five B2B MoUs and six G2B MoUs were signed.

The B2B MoUs included signing of three MoUs by manufacturer and supplier of apparels, Brandix with China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) and others.

The G2B MoUs were with China Association of Small and Medium Enterprises (CASME), Camel Group Company Ltd., China Council for Promotion of International Trade (CCPIT), Sinoma International Engineering Company, New Hope Liuhe Company Ltd and construction wing of CCPIT.

Mr. Naidu said that six ports and eight new airports would be built in the State. Also the government plans to develop Vijayawada, Visakhapatnam and Tirupati as ‘Smart Cities’.

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