The event will also witness the unveiling of AP's Industrial Policy, and the launch of a single-desk portal to grant clearances for projects within 21 days.
With an aim to bring global investor attention to Andhra Pradesh to make it a top business destination by 2050, Chief Minister N Chandrababu Naidu will launch the government's Industry Mission in Visakhapatnam on Wednesday.
This massive event will also witness the unveiling of the state's Industrial Policy and Sector Policies, apart from the launch of a single-desk portal (that grants clearances for industrial projects within 21 days).
The Industry Mission of AP will also contribute to the "Make In India" initiative which will give a major thrust to the national economy.
The state government will sign 46 MoUs with 46 companies from India as well as from countries including Japan, UAE, Canada etc., attracting a total investment worth Rs 35,745 crores.
These MoUs will include investments in sectors ranging from petrochemicals to energy, infrastructure, electronics and manufacturing, food processing, textile and automobiles, generating 72,210 new jobs in the state.
As part of the MoUs signed, 48 units will be set up in the state, spanning across various districts. Among these, one company will set up three units.
17 of the companies will be investing in the Chittoor district, 6 each in Kurnool and East Godavari, 3 in West Godavari, 2 in Nellore, 2 in Kadapa, 2 in Ananthapur, 2 in Visakhapatnam, 2 in Guntur, 2 in Krishna, 1 in Prakasam, and 2 in undecided areas.
Later, the Chief Minister will give land allotment letters to Asian Paints (for its Visakhapatnam unit), ONGC (for its Kakinada facility), KRIBCO (for its Nellore unit) and Kurlon (for its Chittoor unit).
International delegates including Minister Plenipotentiary and Charge D'Affairs, Embassy of UAE, H. E. Saed Mohammed Almheiri; Consul General of Japan to Chennai Masanori Nakano; Consul General of Canada Sidney Frank; CEO of ICBC Nadira Hamid; and Trade Commissioner, High Commission of Canada, Vikram Jain; and delegates from HPCL, GMR Group, HSBC, Citigroup and several other corporates will be attending.
The Chief Minister will hold meetings with the Ambassador of UAE and the Consul General of Canada, and then with Isuzu executives.
Two panel discussions, on "Igniting The Start-Up Spirit In AP" and "Creating Electronics Manufacturing Hub In Andhra Pradesh", will also be held. (INN)