49 New MoUs To Boost Up Andhra Pradesh

February 24, 2018 17:21
49 New MoUs To Boost Up Andhra Pradesh

(Image source from: Twitter.com/ncbn)

49 New MoUs To Boost Up Andhra Pradesh:- AP Chief Minister Chandra Babu Naidu has been attracting the investors to invest in the newly formed Andhra Pradesh. The three-day CII Partnership Summit kick-started today in Vishakhapatnam. As many as 49 MoUs have been signed by the AP Government which are worth Rs 8000 crores as per the source from the government. All the 49 MoUs have been signed in the Tourism sector informed sources.

As many as 32000 direct jobs in AP will be created soon because of the exchanged MoUs. AP Government has been expecting an investment of Rs 3 lakh crores with these MoUs signed. Though it is too early to predict how many of them will materialize, it will take years to start functioning. MoU is just a proposal and companies may even back out if they are not completely satisfied with the deal and the available resources along with the investments planned. Chandra Babu Naidu and his team have been quite happy after several companies showing lot of interest in investing in AP.

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