|
|
|
|
|
6th Jamadi-ul-Awwal 1436 | Friday, Feb 27, 2015
Hyderabad

CM offers incentives to Saudi investors

Tuesday, 5 March 2013
Comments(0)
Hyderabad, March 05:

Chief Minister N Kiran Kumar Reddy on Tuesday assured the Saudi delegation that the Government of Andhra Pradesh will extend all incentives and facilities to the industrialists from Saudi Arabia.

A Saudi delegation led by Dr Abdul Rahman A Al Rabuiah of Alrabiah Consulting & Engineering Services, gave a power point presentation before the Chief Minister regarding the key economic factors and economic growth of Saudi Arabia. The presentation also explained various business and investment opportunities in petro-chemical exports, agricultural expansion, gas production, telecom and IT sectors.

Addressing the delegation, the Chief Minister said that Andhra Pradesh provides a sea of opportunities like petro-chemicals, bulk drugs, pharmaceuticals, IT, BT, mining sectors for the Saudi investors and industrialists. He said that the State has one of the longest coastline and provides great investment potential.

Kiran Kumar Reddy said that the State provides a number of investment incentives like initial tax holiday, reimbursement of VAT, lowest power tariff, infrastructure facilities etc. He said Hyderabad is the bulk drug and pharmaceutical capital of the country and leads in many sectors like IT & BT etc. He said that Andhra Pradesh has a largest pool of human resources in the country, particularly professionals and technicians. He said he would also welcome industrialists from Andhra Pradesh to explore opportunities in Saudi Arabia and invest there. It should be a win-win situation.

The Chief Minister said the team could interact with the FICCI, industrialists and officials of the industries department. The Saudi delegation invited the Chief Minister along with industrialists from Andhra Pradesh to visit Saudi Arabia.

Tariq Mohammed Al Wabil, CEO, Alwabil, Nader Abu Eyta, Group Managing Director, Abueyta, Manas Gulf Group, Zaher S.Al-Munajjed, CBM Consultants for Business & Management, Abdulaziz Abdulhadi Al Judee Al Qahtani, Chairman, Alqahtani Holding, Kamel S.Al Manajjed, Managing Director, Support Services Network, Saudi Arabia, Suliman Al-Sayyari, President &CEO, Saudi German Company Ltd, Dr Tawfiq Al-Swailem, CEO, MSI Global Alliance, Mohammed Fahad Alshiddi, Executive Director, Saudi Indo-Business Council and Latifi H.M. of Gulf Bureau for Research and Economic Consultation were also a part of the delegation.

Former Minister Mohammad Ali Shabbir, Principal Secretary to CM Binoy Kumar and other officials attended the meeting. (INN)

Latest News

PDP patron Mufti will be the Chief Minister of Kashmir

The PDP and BJP have “sorted out all the hitches” in the Agenda and finally join hands in Jammu ...

Chronic insomnia ups mortality risk: Study

Chronic insomnia increases mortality risk primarily due to heart-related problems and not cancer, sa ...

Mosquitoes' sexual biology key to Malaria transmission

The clue to why Anopheles mosquitoes are unique in their ability to transmit malaria to humans could ...

Related News

Record applications received for Hajj 2015

14640 applications have been received for Hajj 2015 so far, while the last date for submitting applications is March 2. It is expected that ...

₹ 42 released for salaries of Makkah Mas...

Government has released ₹ 42 lakh for salaries of staff of Makkah Masjid and Shahi Masjid Public Garden and home guards deployed for the s ...

Siasat busy catering medical needs of people

News editor Siasat Mr. Amer Ali Khan said that Chiropractic treatment is prevalent not only in Hyder ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26260 (Per 10g)

Opinion Poll
Do you think the dharna against Modi Government's land ordinance would be successful?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, Telangana, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com