Naidu Invites UAE To Invest in Andhra Pradesh’s Food Processing Sector
UAE Minister Abdullah bin Touq Al Marri meets CM and congratulates him on the newly constructed Bhogapuram Airport.
Visakhapatnam: Chief Minister N Chandrababu Naidu invited leading companies from UAE to explore investment opportunities in Andhra Pradesh's food processing sector.UAE Minister of Economy and Tourism Abdullah bin Touq Al Marri, who is in Visakhapatnam to participate in the CII Partnership Summit, met the Chief Minister and discussed investment opportunities across various sectors.
During the meeting, the Chief Minister highlighted that fruits grown in Rayalaseema region were already being exported to international markets. He explained that the State Government was developing Rayalaseema as a global horticulture hub with an investment of Rs 1 lakh crore.The Chief Minister invited UAE-based agrifood company Silal to participate in the food cluster proposed to be established by the UAE. He said Andhra Pradesh offered immense opportunities for investment in the procurement, processing and export of agricultural and food products.The proposed grounding of the Dubai-based Floormaster industry in Chittoor district also came up for discussion. Chief Minister Chandrababu Naidu urged the UAE Minister to facilitate an early decision on the proposed food cluster.He also highlighted the investment potential in sectors such as maritime, aerospace and defence and called upon UAE companies to make use of the opportunities available in the State. The Chief Minister assured that Andhra Pradesh was ready to work closely with the UAE in these sectors.
UAE Minister Abdullah bin Touq Al Marri appreciated the newly constructed Bhogapuram Airport, describing it as excellent. He congratulated Chief Minister Chandrababu Naidu on the development of the airport.The UAE Minister said his country was keen to invest along India's eastern coastline and that Andhra Pradesh could emerge as a key destination for UAE investments.He also welcomed the arrival of leading global companies and data centre projects, including Google in Andhra Pradesh, stating that these developments reflected the State's ability to attract major investments.The UAE delegation informed the Chief Minister that it was exploring the possibility of importing shrimp and other aquaculture products from Andhra Pradesh.It also revealed that 12 more UAE-based companies had expressed interest in investing in the proposed food cluster in Andhra Pradesh.
Officials and representatives of various UAE-based companies attended the meeting.