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    HomeAndhra PradeshMoUs signed testament be realised quickly: Andhra Pradesh Finance Min to TNM

    MoUs signed testament be realised quickly: Andhra Pradesh Finance Min to TNM

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    Andhra News
    Andhra Pradesh Finance Minister Buggana Rajendranath says there testament be a uninterrupted and attempt from the government’s incline to put to death the MoUs signed between the government and the investors.
    Andhra Pradesh Finance Minister Buggana
    Andhra Pradesh Finance Minister Buggana Rajendranath
    Andhra Pradesh Finance Minister Buggana Rajendranath promised to put to death the Memorandum of Understandings (MoUs) signed between the state of matter government and the investors at the Global Investors Summit 2023 (GIS) in the next two years. In an with TNM, he said that a damage beyond the point of repair of 92 MoUs value Rs 11.8 lakh crores were signed on the initial twenty-four hours of the summit meeting. These projects are to bring forth 3.92 lakh in the state of matter. READ: AP Global Investors Summit: Ambani, Adani, Jindal among those who promised to invest
    The Minister said that there testament be a and uninterrupted follow-up from the incline of the state of matter government. He said, “We believe it will turn around quickly. It generally takes a year or two for the investments made to go into the production stage. The time also depends on the kind of industry. Certain industries take time, and it is quicker in certain industries like Information Technology (IT).” Several business enterprise tycoons attended the initial twenty-four hours of the Global Investors Summit 2023 (GIS) in Andhra Pradesh’s Visakhapatnam. The state of matter government used the opportunity to slant Andhra Pradesh as an investors’ paradise. Addressing the gathering, Chief Minister Jagan Mohan Reddy said the state of matter received 340 proposals from investors promising an investment funds of Rs 13 lakh crore and to over six lakh at the summit meeting. The AP government is buoyed by the answer received from investors. Speaking on the act later than planned in holding the summit meeting, Minister Rajendranath said, “The first year after we were voted to power, we took time to settle down and set things in place. We lost the next two years to COVID-19. We thought now was a good time to host the summit. In fact, many other states are hosting investors’ summits now due to the same reason.”    On Visakhapatnam finding remark in the Chief Minister’s verbal discourse on the initial twenty-four hours of the summit meeting, he said, “Visakhapatnam is an apt place for investments related to IT, ITES and financial sector related services.” The Andhra government believes it is offering investors incentives and benefits in formation of people or things one behind another with the benefits being offered to not the same states in the country. “We already have a policy in place. In terms of tax rebates and power subsidies, we are already as good as other states in the country. The natural advantages offered by the state are what sets us apart,” said Rajendranath. The two-day summit meeting began on Friday, March 3 and testament conclusion on March 4. A damage beyond the point of repair of 64 companies signed MoUs with the Andhra Pradesh government on the initial twenty-four hours of the summit meeting. Mukesh Ambani, Chairman of Reliance Industries, Naveen Jindal, Chairman of JSW Steel Group, Hari Mohan Bangur, Managing Director of Shree Cement, Karan Adani, CEO of Adani Ports and SEZ Ltd, Martin Eberhard, co-founder and former CEO of Tesla, Sajjan Bhajanka, Chairman of Century Plyboards, and Krishna Ella, Founder and Executive Chairman of Bharat Biotech, were among those who were intermediate between past and future on the initial twenty-four hours of the summit meeting. 
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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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