Andhra Pradesh Chief Minister Chandrababu Naidu is just having tour of China and the tour seems to be a grand success. Chandrababu Naidu already signed several MoU's with lots of Chinese Public and Private companies to set up projects in Andhra Pradesh.
Chandrababu also signed a deal worth Rs.43000 Crores with China's Association of Small and Medium Enterprises to set up an industrial park in Donakonda in Prakasam district. This proposed industrial park will feature building, logistics and material units and it will be spread across 10000 acres of land.
The industrial park will be set up in 3 phases and it will offer employment to unemployed youth. More than 50,000 will get job opportunities due to this. Apart from this Chandrababu has signed a MoU with LEPL Ventures Private Limited, Isomeric Holdings Sdn Bhd and Huanqin Contracting and Engineering Corp (HQC) to set up a Rs 10,183 crore worth gas-based fertilizer plant at Krishnapatnam.
This project will begin in the current financial year itself. Chandrababu also signed a MoU with Chinese Government owned steel plant Anstell for Rs.3000 Crores and that will be started in Kadapa.
