Naidu has a busy China tour !! Meets Chinese Vice-Premier Wang Yang !!

Table Source: The Hindu

Chandrababu Naidu met Chinese Vice-Premier Wang Yang along with executives of Chinese companies and met Mayor of Beijing, Wang Anshun. The Vice Premier’s portfolio being tourism and external economic relations, he assured the Chief Minister that he will mandate the Commerce Ministry to explore the possibilities of expansion in Andhra Pradesh.

  1. After a lunch hosted by HSBC, a Government-to-Business (G2B) Memorandum of Understanding with China Civil Engineering Construction Corporation (CCECC) was signed in the presence of Mr. Naidu.
  2. The business scope of the corporation extends from international contracting for railway construction to different areas of civil engineering like design and consultancy, real estate development, trading, industrial investment and hotel management.
  3. The Chief Minister also mentioned that Sinoma International is keen to set up an industrial city in India and said an MoU could be signed when Prime Minister Narendra Modi visits China in May.
  4. Naidu visited the Huawei Research and Development Centre in Beijing. Huawei Technologies Co. Ltd is the largest telecommunications equipment maker in the world, having overtaken Ericsson in 2012. Naidu asked the company to come up with a road-map illustrating their proposal to integrate ICT to Government of Andhra Pradesh programmes. The company also expressed interest in opening a development centre near the new capital.naidu has a busy china tour
  5.  Naidu also met executives of Chinese low-cost smartphone maker Xiaomi and electronics manufacturer Foxconn. Josh Fougler, vice-president of Foxconn, informed the AP delegation that the company was looking at huge investments in India in the next two-three years in smartphones, software, TVs and other electronics.
  6. During Naidu’s interactions with other firms, Sinoma company offered to set up an industrial park in A.P.
  7. The Chief Minister also invited Shenzhen Mary Photoelectric company to establish a manufacturing or assembling unit in AP.
  8. Siemens senior vice-president, M. Yakisan said the company was interested in infrastructure projects and mentioned about their expertise in railways, airports, inter-city high-speed transport and regional transport.
  9. Sumec group has evinced interest to invest in setting up a 5,000 MW solar project.
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