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AP to sign MoUs with several Malaysian firms today

Wed, Jul 20, 2016, 07:55 PM
Vijayawada, July 20: The Government of Andhra Pradesh and entities in Malaysia are set to sign several MoUs in The ASEAN-India Business Council Leaders’ Summit organised by AIBC Secretariat at Menara Miti, Kuala Lumpur on July 21.

The Vision Management Unit of Planning Department, Govt of Andhra Pradesh, and PEMANDU of PMO, Malaysia are coordinating the event as part of Sunrise Andhra Pradesh Vision 2029. The collaboration between partners will bring investments in Andhra Pradesh in a time-bound manner in seven sectors, i.e., Renewal Energy, Biodiesel, Food and Beverage Industry, Retail, Water and Sewerage, Water Treatment Plan, Biotechnology and Vector control.

A delegation of Andhra Pradesh will be led by Atchannaidu Kinjarapu, Minister for Labour & Employment, Factories, Youth & Sports, Skill Development and Entrepreneurship, Karikal Valaven, P.S, MA&UD Dept, J Krishna Kishore, CEO, EDB.

The event would focus on four themes, i.e. SMEs, health services, logistics, and e-commerce. AIBC is partnering with the Malaysian Ministry of International Trade & Industry (MITI) and Malaysia External Trade Development Corporation (MATRADE) for the event with FICCI as the Indian partner.

The Indian High Commission is supporting the event. The event is likely to see the participation of around 500 business leaders from ASEAN and India. The partnership between the state government and the entities are set to bring approximately an investment of Rs. 20,400 crores in Andhra Pradesh and will generate around 8000 direct jobs.
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