Chief Minister Y S Jaganmohan Reddy’s government is getting ready for its first investors meet to be held in Vijayawada on August 9. The State government, with the support from the Central government, had invited delegates from 40 countries for the meet, besides investors from different parts of the country. It is now said that the delegates from 35 countries have given confirmation to be present at the meeting.
The State government has prepared a blue print for the meeting, highlighting the avenues for investment in the State and the government initiatives to attract investment. The State government had changed the industrial policy making it more investor-friendly. The districts were made units to take a call on the permissions to the investors besides departmental inspections after commissioning of the industry or project. The rules have been changed or softened to favour the investors. District Collectors are made heads of the district-level ease of doing business panels.
The chief minister is scheduled to have direct interaction with the investors, particularly those from the 35 countries, besides the major investors from the country. The government is getting ready its red carpet to be rolled out for the investors, when they come on Friday.
In this process, Investment Promotion Offices and Investor Desks will be setup in business centers across major Indian cities like Bengaluru, Chennai, Delhi, Mumbai besides Tokyo, Seoul and other select foreign capitals to enable regular interaction with top investors across sectors.
Wherever offices cannot be setup directly, the state will partner with CII, FICCI and other Industrial organizations which have presence in those countries in order to reach out to investors.
Some of the delegates attending the diplomatic outreach event include, Korea, Singapore, Austria, Poland, Bulgaria, Bangladesh, Sri Lanka, United Kingdom, Thailand, Angola, Japan, Canada, Netherlands, Korea, USA, Japan and Australia and others.