All eyes are on CII Partnership Summit 2017. Andhra Pradesh, the Sunrise state looks forward to acquiring further investments this time around, carrying forth the good work done in 2016. Some of the big names in the government and the industry will come together one more time, to tap the latent potential of Andhra and conclude on some meaningful and productive deals.
To this effect, the who’s who of the Indian governance and business have expressed their view points about the summit, what it means to India and AP, and what the Sunrise state is capable of in terms of expanded business interests.
Nirmala Sitharaman, Minister of Commerce and Industry
“India is strongly committed to the principles of multilateralism. Each country, irrespective of its economic and demographic profile, should enjoy equal treatment in multilateral fora including WTO. India does not feel isolated for not being a part of the Trans – Pacific partnership (TPP). TPP member countries themselves have been given 20 – 25 years to adjust to the core values of TPP. India has also set up a fund to steer SPVs that enable Indian investors to invest in Laos, Cambodia, Vietnam and Myanmar”
Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII)
“Andhra Pradesh is endowed with its rich natural resources. The state is mineral house of the country. It is the first state in the country to have enacted the Industrial Single Window Clearance. It also simplified procedures for getting industrial clearances. The state also has separate acts for development in sectors such as solar power, electronic hardware and food processing”
Anil Ambani, Chairman, Reliance ADA Group
“Manufacturing of strategic assets like nuclear submarines and aircraft carriers will throw up major business opportunities. The proposed world class naval manufacturing facility at Rambilli 70 km South of Visakhapatnam will investments of Rs 5,000 would also lead to creation of a multi tier array of defence ancilliaries with further investments of Rs 5,000 – 10,000 Cr and thousands of skilled jobs, thereby supporting the thrust on ‘Make in India’ and in turn ‘Make in Andhra Pradesh’
Arun Jaitley, Minister of Finance and Corporate Affairs
“As nations around the world grapple with economic challenges, India is emerging as an ‘important island in world’. Some of the adverse factors like downward spiral of oil and commodity prices are favoring India – being a net buyer of these resources. Two strong assets drive Andhra Pradesh’s growth – high standards of entrepreneurship of Telugu people; and leadership of Mr N Chandrababu Naidu, the CM of Andhra Pradesh. As a result, the ecosystem in the state is inherently business friendly”
N Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh
“India should look to develop its coastal areas and build major manufacturing centers along the coastline, and then take the development into the hinterland, the way China had done in the past. To create a highly investor friendly regime, governments will have to do away with unnecessary rules and regulations. All efforts are underway to make Andhra Pradesh one of the top 3 states in India by 2022, the best state by 2029 and the best global investment destination by 2050”