MOU’s on the final day of CII Summit at Vizag

Addressing the delegates and MoU partners on the final day of the CII Partnership Summit at Visakhapatnam, Chief Minister Chandra Babu Naidu said, “All your applications along with minute details are being monitored in real time and we are equipped to solve any issue that comes up.” The Chief Minister also showcased his Entrepreneur Dashboard and RTG system and explained all the features to a large audience gathered at the summit. “Any kind of approvals and issues are directly registered with the dashboard, helping the government to resolve all the problems that may arise at the earliest”, he added. The delegates also got to see the Investment Tracker dashboard which has all the details such as status of clearance, employment created and status of production among some features that will help the government as well as the industries in functioning smoothly. “Every detail that is crucial for the efficient operation has been divided in terms of department and districts”, said the Chief Minister.  “You will have all the transparency and cooperation required from the government and the fact that AP is number one in ease of doing business is a proof of the same”, said the Chief Minister on a closing note.


Meeting with Softbank

Officials from Softbank met the Chief Minister in the CII Partnership Summit and proposed to invest $6 billion for 4 different projects in the energy sector. The first project aims to establish a solar energy plant with a 4 gigawatt capacity in the Kakinada SEZ. The plant will be the biggest of its kind in India, vertically integrated with polysilicon, and set up in an area of 200 acres. The second project is to set up a battery storage plant for solar and wind energy in a joint venture with another company. In an auction for a 20 gigawatt storage facility by the union government, Softbank wants to divide 10 gigawatt of storage between Rajasthan (5GW) and Andhra Pradesh (5GW). This is the third project, for which the officials requested for fast clearances for land, labour and power.

The last project is to set up a solar plant of 400 MW in Orvakal, for which the land has been identified and the DPR has been submitted. They informed the Chief Minister, that they are confident in starting the work on all the 4 projects within the next 3 to 6 months. The Chief Minister also briefly met Rachid Fergati, MD of UPS India, and Mr. Srirang Bapat, General Manager – Marketing at UPS Supply Chain Solutions. They said that they are present in 222 countries, and are extremely impressed with the business potential and facilities in AP. They will soon follow up with the government and establish a logistics unit in the state. Another bilateral meeting was conducted with Shrikant Badve, MD of Badve Engineering Limited, to sign an MoU for the manufacture of machinery in robotics. Mr. Badve also told the Chief Minister that he is keen to enter the automobile sector of the state.


Chief Minister met with Charulata Moorjani, Partner at Akash Impex

Among the many bilateral meetings, the Chief Minister met with Charulata Moorjani, Partner at Akash Impex, who proposed to develop garment manufacturing in rural areas. She wants to develop a business model to curate designs according to international appeal and help market them. She also said that she wants to create a Centre for Excellence to facilitate women and other workers in the garment manufacturing sector including women in the handloom field. The Chief Minister said that she can also explore options to collaborate with the initiatives by DWCRA, and help with skill development in entrepreneurship and industry-specific training. Meeting with Singapore Business Federation

A delegation led by Minister of Trade and Industry S. Iswaran met the Chief Minister to discuss the progress on the seed capital, Amaravati. A convention centre divided into Exhibition, Ceremonial, Gallery and Community zones will be constructed to highlight the vision of a Smart City. The centre will be spread across 5 acres, and will represent the futuristic technology that is to come from Japan, China and Singapore. “The centre will demonstrate the experience of all the elements of a Smart City”, the officials informed him. Ho Meng Kit, the CEO of Singapore Business Federation expressed his admiration of the leadership of the Chief Minister and said that the strong partnership between AP and Singapore must only keep getting stronger. The Chief Minister said, “With your past experience and your knowledge of best practises, help me make AP the Innovation Valley. Our students are constantly innovating. Yesterday, students created projects that result in almost 30% power saving and sensor-based flood management”, he said.

MoU with Vedanta to bring in ₹21,500 crores to AP

The Chief Minister exchanged MoUs with Vedanta Group, for the commencement of 3 projects of their companies, Hindustan Zinc Ltd, Sterlite Power and Sterlite Tech. The total combined investment from the 3 companies is ₹21,500 crores and employment will be generated for more than 15,000 people. Mr. Sunil Duggal, CEO of Hindustan Zinc Ltd (HZL), told the Chief Minister that the land has been identified and will soon be confirmed for the setting up of greenfield zinc smelters and water treatment plants across 1,000 acres. He said that this will be a unique project as it will follow a zero discharge policy and treat double the water that is used by the plant. HZL will also undertake the City Centre development project in Visakhapatnam, which is spread across 350 acres, and will include hotels, hospitals and tourist attractions. Sterlite Power will invest ₹5,000 crores for transmission projects through tariff-based competitive bidding for all voltage levels across the state. Sterlite Power bids, designs, constructs, owns and operates power transmission assets. Sterlite Tech, which has also provided the optical fibre technology used in the AP Fibergrid, will be creating a technology blueprint. In this endeavour, they would bring global best practices in terms of designing world class ICT Infrastructure which is reliable, scalable, secure and futuristic in terms of applications. Sterlite would deploy its subject matter experts in creating such design and technology blue print for Amaravati as well as Tirupati Smart City.