Chief Minister Y S Jaganmohan Reddy, who had just landed in US for a week-long visit, both official and personal, held a meeting with the investors on his first day. He had told the investors that his office would personally take care of the permissions and other procedures and wanted the US-based investors to come to the State. The chief minister told them that the CMO would take care of the procedure and ensure corruption-free process in clearing applications for investment in the State.
“We have a long coast line. There are proposals to build new ports along the coast. We are also providing basic infrastructure in every port, besides giving road, rail and air connectivity. We are also introducing metro rail, electric buses, water transport and other facilities. We have taken up agriculture as our priority and there are greater opportunities to invest in agriculture and allied sectors,” the chief minister told the investors at the US Chamber of Commerce meeting in Washington DC.
He further told them that the AP government enjoys good patronage from the Central government and has healthy and friendly relations with the neighbouring States. All these are added advantages for the investors to choose Andhra Pradesh as their destination, he said.
According to the chief minister’s office here, some members of the US Chamber of Commerce have responded positively to come with investment plans. The CMO expressed satisfaction over the first meeting of the chief minister with the US investors. The YSR Congress leaders also express confidence that the chief minister’s visit would bring some investments to the State unlike in the past where, according to the YSR Congress leaders, the investors have only signed MoUs and never turned up.
It is to be seen how Jaganmohan Reddy government would rope in more investments for the State in the next five years starting with the chief minister’s first visit to US.