AP To Ink 13 MoUs With Chinese Firms

Andhra Pradesh Chief Minister Chandrababu Naidu and the AP delegation will sign 13 Memoranda of Understandings (MoUs) with various Chinese companies during the six-day tour to the country.

In the first leg of the visit to Beijing, the delegation will sign six government-to-business (G2B) MoUs.

The government will sign an MoU with Camel Group - a company that is engaged in the research and development, manufacture, distribution and recycling of storage batteries.

Another MoU will be signed with an industry body, the China Council for the Promotion of International Trade (CCPIT). The CCPIT promotes China's international economic and commercial interests. This is accomplished by developing business cooperation and exchanges with foreign countries.

The Government of Andhra Pradesh will sign an MoU with the council in the construction sector.

Following the Guizhou International Investment Corporation delegates' visit to Vizag in November last year, the government will ink an MoU with the corporation.

The government will further sign a Memorandum of Understanding with Sinoma International Engineering, which operates in equipment manufacturing and the supply and engineering sector.

Another MoU will be signed with New Hope Liuhe. The firm engages in integration of farming industry operations, such as feed production, livestock breeding and slaughtering, and meat processing.

In the business-to-business (B2B) segment, AP will sign two key MoUs with Chinese industries in Beijing. The Vertex Cements (India) and Sinoma will sign an MoU. Vertex Cements has already come forward to set up its cement unit at Gangavaram in the Guntur district.

A leading manufacturer and supplier of apparel, Brandix, and Chinese professional manufacturer and exporter of blankets, Jiangsu Kingday Textile, will sign an MoU in Beijing.

In its second destination - Chengdu - the state government will sign three MoUs with Chinese companies. The government will sign MoU with Sichuan Chuanyi Automation, a company working in the supply, erection and commission of automated instrumentation for industrial uses. It will also sign an MoU with real estate company Panzhihua Guanghua Group Real Estate Development, and another with Sichuan Vehiline Information Technology.

The India-based energy sector firm VSF Energy will sign an MoU with China Western Power Industrial. The Chinese company is into research & development, manufacture and export in China of large-scale power plant boilers, special-type boilers and power station auxiliary equipment. CWPC is also a professional supplier of system solutions for power equipment.

On the last leg of the delegation's tour, in Shanghai, under the business-to-business category, GMR will sign a Memorandum of Understanding with Chinese toy-maker Pals Plush. The world leading play store giant will set up its only overseas operations at Sri City.

During the trip, the Chief Minister and delegation will also meet a number of industrialists, investors and businessmen inviting them to explore the investment opportunities in the state. (INN)