• search

AP ideal investment destination: CM

Written by: Staff
Subscribe to Oneindia News

Hyderabad, May 5 (UNI) Andhra Pradesh Chief Minister Y S Rajasekhara Reddy today said the state, by hosting the prestigious ADB meet, had successfully itself as an ideal investment destination.

'The Centre tied up Andhra Pradesh with World Bank for external borrowings, while other states had a similar arrangement with other International Financial Institutions, including ADB', ''he told media at the airport soon after seeing off Prime Minister Manmohan Singh.

The state had showcased investment opportunities effectively during the 'India Advantage Day' yesterday, he added.

Dr Reddy said he concurred with Dr Singh's view that India needs to look at China as a model for rapid development'. The view that growth should be all inclusive was shared by ADB President Haruhiko Kuroda as well as Union Finance Minister P Chidambaram, he added.

Denying any information about the auto major Volkeswagen thinking of setting up its car unit in some other state, he said, 'I too saw reports in a section of the press. No official communication has been received from the company. I will react at an appropriate time'.

UNI SM CS KP1525

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more