Monday, April 15, 2024

Panel to ‘realise’ deals: CM

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C Pradeep Kumar

Chief Minister YS Jagan Mohan Reddy has said that commensurate with the overwhelmingly positive business sentiment, the government has executed 352 MoUs with an investment commitment of over Rs 13,05,663 crore and employment potential for over 6,03,223 persons.

Addressing the Global Investors’ Summit 2023 on |Saturday, he said the Andhra Pradesh government will form a monitoring committee with Chief Secretary to ensure that investment pledges announced at the summit are realised.

Apart from the Chief Secretary, the committee will also include officials from the Chief Minister’s Office (CMO) and Special Chief Secretary – Industries, Jagan Mohan Reddy said and expressed the confidence that the committee will resolve all issues faced by the investors for facilitating speedy grounding of the investment commitments. He said in the energy sector alone, 40 MoUs were signed worth Rs 8,84,823 crore of investment that will create employment for 1,90,268 people. In the IT & ITES Sector, 56 MoUs are signed amounting to Rs 25,587 crore of investment and will generate employment for 1,04,442 persons. In the tourism sector, 117 MoUs were signed for an investment to the tune of Rs 22,096 crore that will create employment for 30,787 persons.”

“I wish to point out that one of the sectors in which significant investments were committed is the renewable energy sector. These proposed investments in renewable energy generation, pumped storage and production of green hydrogen and green ammonia, would go a long way in mitigating the intermittency associated with renewable energy and render it a credible alternative to fossil fuel-based generation. This would make a significant contribution in green energy space to India’s commitment towards achieving net zero” the CM said

Jagan Mohan Reddy remotely inaugurated 14 industrial facilities on Saturday.
These units have been set up with an investment of Rs 3,841 cr and will be providing employment to 9,108 workers.

During the summit, 15 sector sessions were organised with over 100 speakers showcasing AP’s growing strengths. These 15 focus sectors include Automobile & EV sector, Healthcare & Medical Equipment, Renewable Energy, Green Hydrogen, Green Ammonia, Agri Processing Tourism, and so forth. In addition to these, four Country Sessions with UAE, Netherlands, Vietnam, and Australia were organised for exploring opportunities for collaboration with Andhra Pradesh.

The CM assured the delegates that the phenomenal optimism witnessed during the two-day summit would encourage the State government to redouble the efforts in making the business environment in the State more conducive and more welcoming. “I sincerely request all of you to move from the MoU stage to the grounding of your investments in Andhra Pradesh at the earliest. Assuring you all that our government will demonstrate our “speed of facilitating businesses” taking matters forward,” said the Chief Minister while thanking the delegates.

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