UK-based firms keen to invest in Andhra: State IT Min

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Hyderabad, Nov 12: Several UK-based companies have evinced interest in making investments in Andhra Pradesh, state Information Technology Minister Palle Raghunatha Reddy said here today.

Reddy, who returned to Hyderabad yesterday after a week-long visit from the UK, said the representatives of these interested companies would soon visit Hyderabad and Andhra Pradesh to explore opportunities for investment. The minister told reporters that he has held meetings with prospective investors and sought investments in the state.

UK-based firms keen to invest in Andhra: State IT Min

Reddy, who held meetings with NRIs from AP during his UK visit, said all of them were keen on helping in the efforts to develop a capital city for the state and towards 'Hudhud' cyclone relief. The minister said he also visited the British Parliament and interacted with law makers there.

Chief Minister of Andhra Pradesh Chandrababu Naidu has proved himself in the past when he had developed the HiTech city in undivided Andhra when he was the chief minister of the state. After the division, he vowed to turn his state into an electronic manufacturing hub.

In sync with Narendra Modi's vision of 'Make in India', he has planned to envisage the Andhra Pradesh Electronics Policy 2014-20 by setting setting up mega electronics hub, an electronics hardware park and associated common facilities by taking the private sector on board.

It also envisions developing the "electronics industry as an important growth engine for Andhra Pradesh through effective use of the talent pool".

According to Deccan Chronicle, on Nov 12, Chief Minister Narendra Modi visited Singapore and met senior officials there and discuss the possibilities of bringing foreign investment in the state.   

(with agency inputs)

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