With the goal to attract investments up to at least £100 million to develop new capital Amaravati, Andhra Pradesh Chief Minister Chandrababu Naidu is scheduled to visit London on March 11 during his two day trip. Government agency UK Trade & Investment has promised the state British companies loans up to 85 per cent of the project cost.
Consulting firm PricewaterhouseCoopers has worked out an investment strategy for the companies seeking to invest in the Andhra capital. The 43-page report titled “Prospectus for AP” has over 20 projects listed in the state. It will be unveiled during Naidu's visit. London APNRT Corporation along with UK-India Business Council will host a major event which expects nearly 150 British companies to participate, including CRODA International PLC, oil and gas major BG Group, Rolls Royce, FBS Contracts Ltd and GSK LTD.
The Chief Minister, along with his delegation, will attend a seminar on March 11, at the St James Hotel in Buckingham Gate London.
Some Dubai and Kuwait based companies are expected to be in London during Naidu's visit and likely to take part in the event. On the second day of his visit, Naidu is scheduled to meet investors willing to participate in the smart village and smart ward programme of AP.
