AP Keen On Obtaining Rs 3 Lakh Cr Investments

February 19, 2018 16:47
AP Keen On Obtaining Rs 3 Lakh Cr Investments

(Image source from: Thehansindia.com)

AP Keen On Obtaining Rs 3 Lakh Cr Investments:- Newly formed Andhra Pradesh has been struggling a lot for investments and is in financial crisis. The state pinned many hopes on getting huge investments in the CII Partnership Summit that will take place in Visakhapatnam from February 24th. AP Finance Minister Yanamala Ramakrishnudu expressed his confidence. He conducted a review meeting along with the officials regarding the preparations of the CII Summit after which revealed the updates. He called it unfortunate as the opposition parties are not aware of the benefits of the summits.

"The opposition is only concerned about the Rs 30 crores spent on the summit. But remember that the state would get investments upto Rs 3.45 lakh crore and this can generate employment for 3 lakh people" said Yanamala. Delegates from 39 countries including Japan, Canada, Morrocco, Singapore, UAE, and Sri Lanka will be attending the CII Partnership Summit. Yanamala reminded that 876 MoUs have been signed during the last two summits. All these projects are under execution and will provide employment for lakhs of youth.

(Video Source: Bharat Today)

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