AP CM Chandrababu Naidu is leaving no stone unturned to make AP as the destination for investments. Naidu, who participated in Maritime India Summit in Mumbai, has signed two MOUs which are expected to attract over Rs 4000 Crore investment into the successor state.
While one MOU is aimed at the revival of Buckingham Canal, the other MOU is to set up shipping unit in Antarvedi in East Godavari district. AP government has signed an MOU with the Dredging Corporation of India for establishing Dredging harbour and the second MOU with Inland Waterways of India is in regard with re-functioning of Buckingham Canal.
Talking at the Maritime India Summit (14 April-16 April) on Thursday, Naidu described AP as the gateway of opportunities with huge coastal corridor, ports, industries, SEZs. Naidu said that this is the right time for investment in AP as the state government is giving various benefits to the investors. He mentioned that Visakhapatnam-Chennai coastal corridor is on the cards and once this is opened, he expected that it'd make things easy for the business. On the sidelines, Naidu met various international industrialists and asked them to invest in AP.