Besides the Clouds of Protests, Vizag Braces up for the Partnership Summit

As the clouds of protests are looming large, APIIC Harbour Park, Vishakapatnam is going to host the CII Partnership Summit on January 27th and 28th for the second time in a row. The event being organized by the CII and the Department of Industrial Policy & Promotion in the Ministry of Commerce and AP Government are expecting the participation of 2,500 to 3,000 delegates from across the world. Investors from 40 countries are expected.

[m9ad]

Andhra Pradesh government is keen on highlighting its No.1 rank in ease of doing business by the World Bank (October 2016) and attracting a large number of private sector investment (RBI report in 2016) as a bid towards its target of making the state rank among top three states in the country by 2022.

Last year Summit has seen MoUs worth 4.67 Lakh Crore and this year the government is expecting 8 Lakh Crore. Proposals for huge investments in aerospace, defense, electronics, and biotechnology were expected. The government claims that they had achieved the realization of 25 to 40 percent within a year after the first summit.

The state government is planning to project the state as the gateway to growing markets and promising opportunities and the futuristic world-class capital being built at Amaravati with a population of 13 million by 2050. Hopefully, the summit will have no hiccups and will be bang on the target.