The Chief Minister claims that Andhra Pradesh would prove to be an investment magnet during the Global Partnership Summit 2012 Hyderabad.
Chief Minister N Kiran Kumar Reddy on Sunday claimed that Andhra Pradesh would prove to be an investment magnet of the country during the Global Partnership Summit to be held in the city from next week.
The Chief Minister said that Andhra Pradesh continues to enjoy the top position in the investment destinations in the country due to the state government's "pro-active policies".
He said that he believes that while the government has a role to play in the creation of jobs, it is only the private sector that can create the jobs needed for the growing unemployed populace.
He said the government's principal role in industrial promotion would be that of a facilitator to form a good investment climate in the state.
The CMO claims that the industry has extended its "whole-hearted support" to the CM's goal of creating 1.5 million jobs by the year 2015, under the Rajiv Yuva Kiranalu (RYK) employment generation scheme.
Industry leaders have, reportedly, promised to absorb unemployed youth in their units after appropriate training in skills development.
Expressing concern over the unavailability of unskilled manpower in the state, Kiran Kumar Reddy said that abundant engineering graduates and others who are unemployed may get accommodated in Information Technology and other sectors if they upgrade their skills.
He assured the industry that his government would invest in skill upgradation and training of the youth so that they become immediately employable with the skills needed.
The Chief Minister said that recently, in just a day, the State Investment Promotion Board (SIPB) cleared 30 investment proposals worth Rs. 76,552.44 crores with an employment potential of 71,908.
The proposals cover the following industries, he said: automobile, textiles, chemical and petro chemical, food-based, glass, mechanical-based, metallurgical and mineral-based.
The Industries Department has already released the names of the industries, and where they are being established, with investments and the employment potential.
Regarding the Partnership Summit, the CM said that as many as 140 investment proposals have been received so far, with an investment of Rs. 3.14 lakh crore, which are expected to create an employment potential of 2,49,219. The proposals cover mega projects, non-mega projects and public sector undertakings. Categories include power projects, IT projects, infrastructure projects and tourism projects.
Ministerial and business delegations from countries that include Abu Dhabi, Afghanistan, Bangladesh, China, Czech Republic, Israel, Italy, Kuwait, Mali, Malaysia, Nigeria, New Zealand, Pakistan, Russia, Saudi Arabia, Sri Lanka, South Africa, Turkey, Uganda, Ukraine, United Kingdom, United Arab Emirates, United States of America, Vietnam, Zambia and Zimbabwe will participate in the summit, he said.
Besides, delegations from other states in the country will also participate in the summit. Union Ministers and top industrialists of the country will also take part.
The theme of the summit, which will be held from 11 to 13 January, is "New Age Innovation Partnerships". (INN)