India Business
Andhra Pradesh chief minister woos investors in US
May 9, 2007 - 11:28:39 AM

Hyderabad, May 9 - Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy has invited multinational companies, industrialists and experts in the US to invest in the state.

He met CEOs of various multinational companies, industrialists, IT and biotechnology experts and agricultural scientists of international repute at St. Louis.

According to a statement from the chief minister's office here late Tuesday, the chief minister, popularly known as YSR, also met several NRIs and discussed with them the possibilities of mutual cooperation to boost IT, industries and modern farming in Andhra Pradesh.

He invited investors to come forward with specific proposals and promised to extend all types of incentives and create a proactive government investor friendly administration with single window clearance for new industries and projects.

Some came up with innovative ideas such as Swiss grass in wetland to produce ethanol.

US-based NGO Optimum Agricultural Solutions & Irrigations System -, for instance, offered a comprehensive package of solutions, including uninterrupted power supply from alternative and renewable resources to help agriculture and to make farming sustainable.

OASIS acts as a central hub for organising strategic solutions to address a multitude of problems faced by the farming community, especially in developing countries.

It has offered to bring all possible resources and technologies from various US and UN organisations, research institutions such as the International Irrigation Institute, UNDP and UNEP to Andhra Pradesh.

Several research organisations, including Danforth Plant Sciences Centre, St. Louis, also expressed their willingness to work with Indian agriculture research institutions.

Besides, multinational companies like Cargill also met the chief minister and showed interest in investing in Andhra Pradesh.

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