The third CII Partnership Summit 2018 demonstrated a grand beginning with signing of many MOUs, which were flooded by automobile and tourism sectors, value around Rs 8000 Crore in its first day, started on Saturday at Coastal City, Visakhapatnam in Andhra Pradesh. Transforming into FinTech Valley, Visakhapatnam has become as a hot location for World Class investors. The Vice President Venkaiah Naidu, Union Minister Suresh Prabhu and Chief Minister Chandra Babu Naidu have inaugurated the Partnership Summit and delivered key addresses. To show case the technological advancement in the State to the international audience, the Chief Minister has interacted with tribal students of a remote school using wifi, where road network is also not proper, with the support of Google Hotspot.
On the first day of the CII Partnership Summit, Chief Minister Chandrababu Naidu participated in many bilateral meetings with potential and interested investors.
The first one was with Monesh Vig, Business Development Head of Mahindra Holidays and Resorts. The meeting followed was with Rajiv Duggal, CEO (Tourism Business) and Preeti Sharma, Vice President (Tourism) of Essel World.
They discussed the plan to create a state of the art Animal Park and Adventure Park at Bhavani Island. Essel World signed a MoU with Tourism Department to develop an Adventure Park at Bhavani Island at a cost of Rs 500 crore.
UNESCO MGIEP team led by Anantha Duraiappah, 10 delegates met the Chief Minister regarding a proposal to create a policy that will promote the use of gaming in education. They presented the idea of developing a Global Centre for Skill Development which trains students with skill sets required for the 21st century. The Centre can focus on mental health, diversifying the technology used in education and incubation cells for younger start-ups.
The Partnership Summit promised a substantial spur in the State Investment Scenario with investors committing their support for the Sunrise state.
The Andhra Pradesh Economic Development Board CEO, Krishna Kishore, confirmed that the Board is expecting to sign MOUs worth over 1.2 lakhs over the next 3 days during the Summit in Vishakapatnam.
On day one, EDB, IT and Tourism Departments signed MOUs worth over Rs 8000 crore. The focus of these MOUs for day one was Automotive and Tourism Sector. With some key policies on the anvil such as the Electric Vehicle Policy as well as major investments such as Kia Motors announcing their foray in the State, auto sector certainly seems to be leading in the Sunrise State. Economic Development Board confirmed Auto sector MOUs worth over 5700 crores and Tourism sector saw investments of over 70 crores. These MOUs are expected to generate over 2700 employment.