Sources from Vijayawada have stated that the Andhra Pradesh government has inked a Memorandum of Understanding (MoU) with the Chinese Huanquiu Contracting and Engineering Corporation (HQCEC), Isomeric Holdings and LEPL Ventures to establish a gas-based fertilizer plant in Krishnapatnam with an investment of Rs 10,183 crore.
The government has said the HQCEC has 50 years track record, it being a subsidiary of China National Petroleum Corporation, and has expertise in construction and commissioning of industries and nearly 5,000 jobs would come up from this industry and project works would begin during 2017-2018.
It is also added that in a meeting with Jetro company president Yas-ushi Akahoshi, the CM has requested them to set up industries in the state as his government is very supportive to such initiatives and the government would clear all the permissions in 21 days and further progress would be monitored through the CM's dashboard.
Mr. Naidu has also explained the implementation of GPS system in RTC buses and on this occasion, Willem Brean has said his group expanded its services to most countries.
