The Andhra Pradesh government has signed four agreements, including one with Sumitomo Corporation, to develop the new capital into a world class city. Sumitomo Corporation, besides offering latest technologies needed for the capital, “will also try and assist to find and secure the necessary funds for such development from Japanese government, JICA and NEDO and JBIC as much as practically applicable.“
The MoUs were signed on the fourth day of AP chief minister N Chandrababu Naidu's visit to Japan. The other agreements are in the areas of energy , food processing and agriculture. As per the agreement which relates to power, Sumitomo will help AP develop a 4X1000 MW coal fired power station near Srikakulam. Another agreement aims to modernize agriculture in AP . For this, the government of AP and Sumitomo will form a joint study team to explore opportunities of collaboration. Development of food processing industries in the state was another MoU inked in Japan.
Naidu had another important meeting with Yuichi Kitao, director of Kabota Corporation. Kitao said Kabota, which manufactures farm and environment conservation and construction equipment, was keen to enter into an agreement with Andhra Pradesh. On his part, Naidu sought Kabota's cooperation for farm mechanization and urged the company to come out with an action plan by the next sowing season. “If your action plan is ready, you can start assembling in AP . Next, you can go for manufacturing. We will offer land and give speedy clearances,“ Naidu said.
Naidu and his delegation also visited Yokohama Port. Earlier, Naidu went to Isuzu Motors headquarters where he called on vice president Masanori Katayama. In the meeting, Katayama expressed his company's interest to set up a pickup truck unit in Sri City in Andhra Pradesh. He also said their new facility would be much more modern than the 44 units it has set up across the world. “The new production site will attract other units of accessories related to the automobile industry . Many suppliers will come,“ he said.
Later, the CM and his team visited Mayewaka Manufacturing Company which makes compressors and had a meeting with JBIC officials.
The MoUs were signed on the fourth day of AP chief minister N Chandrababu Naidu's visit to Japan. The other agreements are in the areas of energy , food processing and agriculture. As per the agreement which relates to power, Sumitomo will help AP develop a 4X1000 MW coal fired power station near Srikakulam. Another agreement aims to modernize agriculture in AP . For this, the government of AP and Sumitomo will form a joint study team to explore opportunities of collaboration. Development of food processing industries in the state was another MoU inked in Japan.
Naidu had another important meeting with Yuichi Kitao, director of Kabota Corporation. Kitao said Kabota, which manufactures farm and environment conservation and construction equipment, was keen to enter into an agreement with Andhra Pradesh. On his part, Naidu sought Kabota's cooperation for farm mechanization and urged the company to come out with an action plan by the next sowing season. “If your action plan is ready, you can start assembling in AP . Next, you can go for manufacturing. We will offer land and give speedy clearances,“ Naidu said.
Naidu and his delegation also visited Yokohama Port. Earlier, Naidu went to Isuzu Motors headquarters where he called on vice president Masanori Katayama. In the meeting, Katayama expressed his company's interest to set up a pickup truck unit in Sri City in Andhra Pradesh. He also said their new facility would be much more modern than the 44 units it has set up across the world. “The new production site will attract other units of accessories related to the automobile industry . Many suppliers will come,“ he said.
Later, the CM and his team visited Mayewaka Manufacturing Company which makes compressors and had a meeting with JBIC officials.
No comments:
Post a Comment