Chinese Giant Ansteel Shows Interest to Invest in AP

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Ansteel Engg expresses interest in a Rs.3000-cr steel plant in AP

China’s steel major, Ansteel Engineering Technology Corporation Limited has evinced interest to invest in the state.

While attending the World Economic Forum’s 10th annual meeting of New Champions being held at Tianjin city, Chief Minister N. Chandrababu Naidu met with executives from Ansteel who are keen on setting up a steel plant with Rs. 3,000 crore in the state.

Feng Zhanti Secretary and President, Zhu Wen Gang Vice Chief Engineer and Lian Guang, Marketing Manager of the firm, told the CM that Ansteel had evinced keen interest to set up a steel plant in AP. The chief minister invited them to visit the state to study a suitable place for investment.

He also suggested to them to explore Brahmani Steel site in Kadapa since it is very close to the port. The chief minister said land proposals can go forward if the group comes up with an action plan.



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