Andhra Pradesh which is struggling to attract investments with out having a capital, may get a boost in its arm as there are proposals worth over 1,00,000 crore from the investors of Japan, China, Taiwan and Europe. Two-thirds of over 900 proposals are recently cleared using single desk.
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The state government expects to ground over two dozen projects, with a total outlay of over 12,000 crore by the end of this year. Negotiations are on for some of the heavy manufacturing companies which will bring huge direct and indirect employment.
It is said that Chandrababu Naidu’s visits to Japan (twice), Singapore, China and Europe have yielded good results. Several companies are expected to finalise their plans by this year end and early next year.
