Industrial summit in the next month: Rajat Bhargava

Amaravati: The state government has plans for global investors mega summit, probably in September itself. In the first phase, the government is organizing the Diplomatic Outreach programme at Vijayawada today (Friday), which will pave the way for easily reaching global investors.

Speaking to this correspondent, Rajat Bhargava, Principal Secretary, Industries Infrastructure & Investment, said that they have plans to invite global investors to explore opportunities in the state in various sectors. But, before that, we have been finding the potential areas, by interacting with the diplomats of various countries. At this juncture, he informed that it was wrongly carried to the public that the Diplomatic Outreach programme itself is an industrial summit. He explained that it is not the industrial summit and only an interactive meeting with the diplomats but not with industrialists.

Meanwhile, the government has also planned to encourage the domestic small and medium scale industrialists and for their benefit, the department has been conducting regular meetings. For instance, it conducted a meeting at Tirupati in Chittoor district last month. It is scheduled to conduct similar meetings across the state.

At the same time, he maintained that the state government is contemplating to bring new Industrial Policy by March or April 2020. Since the existing policy will end in the month of March next year, the government will bring the innovative policy to encourage investments in the state on a large scale.

He also said that the government has to appoint an expert committee to study all angels before bringing the Industrial Policy, which would take at least two to three months time.