UK delegation in City for investments in AP

Hyderabad|India|June'2010: United Kingdom (U.K.) could be a partner in the forthcoming Global Investors Summit in November next. A High level UK delegation assured the Chief Minister to look into this proposal. British High Commissioner Sir Richard Stagg, British Deputy High Commissioner, Southern India, Mr Mike Nithavrianakis and delegation called on Chief Minister Dr K Rosaiah in Secretariat. The delegation told the Chief Minister that they are looking at investments in Andhra Pradesh in different sectors.

The industrialists from U.K. are particularly interested in investing in the manufacturing of Aircrafts and Aircraft components. The Chief Minister said Andhra Pradesh is a pro-active fast expanding State. The State has the best industrial policy in the country offering the industrialists and investors maximum incentives. While the overall economic growth in the State is good, IT/ITES growth has been the best in the recent years.

The British High Commissioner told the Chief Minister that new Government is also interested in investments in various sectors in the State. The Chief Minister explained that power tariff in Andhra Pradesh is the lowest and the State have huge human resources potential. Many industrial giants have their presence in the State. Hyderabad is considered as the Pharmaceutical capital of Andhra Pradesh. A Petroleum, Chemicals and Petrochemicals Investment region is coming up along the coastal corridor of Visakhapatnam-Kakinada. There is also a Pharma city near Visakhapatnam now. Andhra Pradesh also have the best airports, the Chief Minister said.

Major Industries Minister Kanna Lakshminarayana, Adviser to Govt. of A.P., Peter Hassan and other officials attended the meeting.

-June'' 2010