Nation Current Affairs 11 Aug 2019 Germany, OPEC nation ...

Germany, OPEC nations express interest for ventures in state

DECCAN CHRONICLE.
Published Aug 11, 2019, 7:05 am IST
Updated Aug 11, 2019, 7:05 am IST
Botswana High Commissioner Lesego Motsumi is learnt to have expressed interest for investment in textile, pharma and allied fields.
Chief Minister Y.S. Jagan Mohan Reddy
 Chief Minister Y.S. Jagan Mohan Reddy

Vijayawada: As AP Chief Minister Y.S. Jagan Mohan Reddy pronounced his commitment to provide corruption free governance, in a transparent manner, while addressing the foreign delegates during the inauguration of ‘Diplomatic Outreach Summit’. It seems to have made the foreign delegates spellbound as they have been coming up with investment plans in several areas such as manufacturing, pharma, energy, IT, bio-technology and others, to make the state a favourite destination for investment and trade.

According to sources, privy to the development in the summit, Germany and OPEC nations have been making inquiries for big ventures in the state.

 

Denmark Consul General Jette Bjerrum is learnt to have expressed interest for investment in maritime solutions, development of ports and other areas of mutual interest in AP. While some firms from Denmark have been exploring the possibilities for building partnership in small and medium enterprises and also public-private-partnerships in several areas, they have been attracted to the CM’s announcement of single window system.

Indonesian Consul General Ade Sukendar reportedly showed interest for investments in agri products, coal, rice, garlic, chilly, sugarcane, palm oil and others in AP.

Botswana High Commissioner Lesego Motsumi is learnt to have expressed interest for investment in textile, pharma and allied fields. As Botswana is popular for rich diamond reserves and diamond polishing units, it finds huge potential for business with AP in addition to exploring the scope for promotion of medical tourism.

Turkmenistan is learnt to be having interest for investments in areas such as agriculture, textiles and fertilisers while UK finds interest in promotion of electric vehicles in AP. Sri Lanks seems to be looking for expansion of operations of its popular apparel exporter Brandix.in AP also.

Delegates from 25 Nations, including eight ambassadors, four High Commisioners, 13 Consul Generals, two Trade Commissioners, a Deputy Consul General and others attended the summit.

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