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Lack-lustre show at Partnership Summit

Lack-lustre show at Partnership Summit

The three-day Partnership Summit that kick-started in Visakhapatnam on Saturday turned out to be a lack-lustre show.

The 24th summit was held by CII in association with the Union ministry of commerce and Andhra Pradesh government, the third after bifurcation. Though there was a huge turn-out of delegates, including entrepreneurs, there were no big names that were heard at the meeting.

Only Adani group of Gujarat which has signed a memorandum of understanding with the AP government for an investment of Rs 9,000 crore in projects across different sectors over a period of five years.

Gautam Adani, Chairman of Adani Group said his group had signed an agreement with AP government for developing a green-field seaport at Bhavanapadu in Srikakulam district, a multi-model logistic park at Bhavanapadu and a 1,000 MW renewable energy project and battery storage facility in Nellore district the state. Interestingly, all the three projects are not new and were proposed long ago.

Similarly, there were as many as 15 industrial houses have entered into MOUs worth Rs 15,224 cr investment to set up automobile units in the state providing employment to 57,368 skilled and unskilled workers.

But all of them had no stature and the entire MoU signing ceremony was done in a hurried manner as if Chief Minister N Chandrababu Naidu was giving away some prizes at a school function.

At the inaugural function, too, speakers confined themselves to praising Naidu, rather than offering any investments. And Vice President M Venkaiah Naidu spoke mostly about Narendra Modi government, rather than concentrating on the opportunities in AP.



Tags: Vishakhapatnam