Partnership Summit turned out to be a boon: APCRDA

Vijayawada: AP Capital Region Development Authority (APCRDA) Commissioner Cherukuri Sridhar said the two-day AP Partnership Summit in association with CII, held at Visakhapatnam on January 27 and 28 had turned out to be a boon for the new capital of Andhra Pradesh.

In a press release here on Thursday, the commissioner said that Amaravati was able to muster greater investment flow in the Summit.

The APCRDA had signed 65 MoUs with various organizations to mobilise about Rs 1.4 lakh crore and create 2.01 lakh jobs in Amaravati.

While the two-day summit had resulted in the AP government signing 665 MoUs worth Rs 10.54 lakh crore, the APCRDA alone signed 65 of them worth Rs 1.4 lakh crore across 11 industry sectors, he said.

CRDA Commissioner Sridhar had signed the MoUs with the partners in the presence of Chief Minister N Chandrababu Naidu during the two-day summit. Among the MoUs that have been signed, infrastructure development registered about 64 per cent investments from globally acclaimed industry players.

Out of the 14 departments that had signed MoUs during the two days, the APCRDA stood in sixth place after food processing with 177 MoUs, followed by Industry department with 91 MoUs, Tourism with 69, IT with 67 and AP Economic Development Board with 66 MoUs.

On the total number of potential jobs creation front, Infrastructure, Mixed-use real estate and Healthcare sectors stood the top three with about 28 per cent, 27 per cent and 20 per cent jobs respectively to be created through their investments, he said.