Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday invited Japanese firms to invest in the development of the new state capital and in various sectors which offer huge opportunities. He promised the investors faster clearances, allotment of any amount of land, round-the-clock electricity supply, water and hassle-free business environment.
Naidu was addressing a seminar on “Expanding technology cooperation for smart community in Andhra Pradesh”, organized by the New Energy and Industrial Technology Development Organization (NEDO) and Ministry of Economy Trade and Industry (METI), government of Japan. About 100 Japanese delegates from 40 companies attended the seminar organised as a follow-up to Naidu’s visit to Japan.
Naidu made a presentation on the investment opportunities in the capital region and also the special initiatives by his government to ensure ease of doing business. The chief minister highlighted investment opportunities for Japanese investors in world-class capital city, smart villages, smart wards, renewable energy and energy efficiency. He said the capital city, whose master plan is being developed by two companies from Singapore, would be a smart city.
He urged the Japanese firms to invest in various elements of smart cities like efficient use of water, clean energy, intelligent transport systems, smart governance and environment. Naidu said the capital city being developed in Guntur and Vijayawada offers investment opportunities of $30 billion in the next decade. He said metropolitan region of 7,068 sq km would have world class urban smart infrastructure facilities including world’s largest ring road of 180 km.
Naidu asked the delegates to explore the opportunities for collaboration in urban infrastructure, manufacturing, agriculture, food processing and IT. He promised dedicated industrial townships and industrial clusters for Japanese investments, single desk for all clearances and tax reforms to boost investment sentiments.
Naidu said Andhra Pradesh with 974 km coastline is strategically positioned to attract investment and become the logistics hub of southeast Asia. He said the state with rich natural resource base and English speaking human resources offers tremendous investment opportunities. He said Vijayawada and Visakhapatnam would be global cities of the future.
Akio Isomata, Minister, Embassy of Japan in India, said 1,200 Japanese firms had their presence in India. He, however, said they were facing various problems relating to tax, regulations and infrastructure. He said the Japanese investors were directly dealing with the states to overcome these problems. He was all praise for Naidu’s leadership and vision.
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