CII Partnership Summit 2017 is all set to be held on 27th and 28th of January this month at Visakahapatnam. The forum that fetched a massive response for the Sunrise State Andhra Pradesh last year is expected to bring in more investments and tie ups this time around as well. With a catchy tagline – Partnerships for Sustained Growth in an Emerging Global Economic Order, AP looks ahead to the tune of Rs 5 Lakh Cr in the form of investments, so to say.
The state had been reckoned to be number 1 in the ease of doing business rankings the previous year. Ever since, spree of national and international investors have either set up their pilot projects or have signed the deal with AP state govt with an intent to set up their operations base.
Last year at the CII Summit which was held in the same location, Andhra Pradesh signed over above 6 Lakh Cr worth of investments, the largest number achieved by any state in the country. AP leads the pack when it comes to being the most viable investment destinations in India, and this despite ongoing mountainous challenges in the form of money, resources and building of capital city Amaravati.
The previous summit saw most of the big names signing deals and expressing plans to invest in the state. Among them are Rs 5,000 Cr ship building defence and aerospace project that was announced by the Anil Ambani group. The state is in the process of allotting a suitable 1000 acre land for the same.
The CM Sri N Chandrababu Naidu is very firm about any and all means to make more investments possible for the state this year. The two day summit will see some large scale interaction between the state officials, home based industrialists and businessmen and the investors from across the world.
It remains to be seen of the Partnership Summit this year will break the previous year’s record in the number of MoUs and the value of investments.