Naidu heads for Singapore tomorrow to regain trust, investments
During the 2014-19 tenure of Mr. Chandrababu Naidu, the Singapore government and companies had extensively participated in developing the Amaravati capital city master plan and helped in negotiating with the investors, but that kind of initiative is absent now.
Dwelling on the matter at the Cabinet meeting here on Thursday, the Chief Minister said the previous YSRCP government had created troubles to the Singapore government and the firms, and lost their trust. His priority now is to restore the confidence of the Singapore firms and attract massive investments into the State.
During the visit — his second foreign tour since forming the government (the first being Davos) — the Chief Minister will engage with the representatives of leading global companies, business owners, prominent industrialists, and notable personalities.
The Singapore visit will serve as a key platform to promote Brand A.P. and showcase the State's new industrial and ease-of-doing-business policies, according to a statement from the Chief Minister's Office.
Mr. Naidu will highlight Andhra Pradesh's robust infrastructure, including ports, airports, highways, harbours, and abundant water and land resources, as well as its 1,053 km coastline and skilled human capital, urging global investors to explore opportunities in the State.
Key sectors
On the first day, he will participate in a Telugu diaspora meeting, where Telugu people from Singapore and neighbouring countries are expected to gather. Besides seeking investments, he will encourage their participation in the State's P4 (Public-Private-People Partnership) initiative for poverty eradication. Port-based projects, semiconductors, artificial intelligence, and data centres will be in focus for investments.
Mr. Naidu will meet with dignitaries in Singapore to invite industrialists from the region to the Visakhapatnam Investment Summit scheduled for November this year.
The Chief Minister will also participate in business roundtable meetings centred on the digital economy and fintech, and will attend a dedicated business roadshow in Singapore. He will also visit key infrastructure and logistics centres across the country.
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