Major Swiss companies offer to invest in State

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A solar panel manufacturing plant at an initial investment of $200 million and a proposal for setting up a Rs. 2,000-crore mega textile park were among the offers made to Chief Minister N. Chandrababu Naidu by Switzerland-based companies during his meetings with business delegations in Zurich on Tuesday.

Mr. Naidu, who arrived in Zurich en route Davos to participate in the three-day World Economic Forum’s annual summit, held meetings with various business delegations.

According to a press release from the Chief Minister’s Office, Zurich-based Flisom, which manufactures flexible solar modules, has evinced interest in setting up a solar panel manufacturing plant in Andhra Pradesh.

Solar panel manufacturing company

Another solar panel manufacturing company, Meyer Burger, too, has shown interest in establishing an export-driven project and is considering Visakhapatnam and Kakinada as suitable locations. Mr. Naidu invited BKW Engineering Company to study the State’s hydro resources and come up with a project proposal after it offered to partner with Andhra Pradesh in the conventional energy sector.

Mega textile park

Gherzi Textile Unit submitted a proposal to the Chief Minister for setting up a Rs. 2,000-crore mega textile park. The company’s representatives, led by its chairman, Francesco Gherzi, told Mr. Naidu that the challenge in Andhra Pradesh lay in adding value to cotton production by weaving and not merely by ginning.

The Chief Minister told the delegation to take up projects on a pilot basis and scale up later.

Commodity trading company Indani Global has offered to establish a gold refinery, while power storage devices manufacturer Leclanche has shown interest in setting up a plant in the State.

Mr. Naidu invited Ethical Coffee Company to explore organic coffee plantations at Araku in Visakhaptnam district and ArStaeco to participate in the ongoing e-tendering processing for waste energy in Visakhapatnam.

Plea to NRIs

Chief Minister N. Chandrababu Naidu has invited Non-Resident Indians to invest in AP and be a part of the State’s development process and its flagship Smart Village-Smart Ward programme.

Mr. Naidu, whose first programme on his arrival in Switzerland was a commemorative meeting on former Chief Minister N.T. Rama Rao, organised by the Telugu Association in Zurich, asked NRIs to set up new industries in the State.

He underlined the important role NRIs could play in providing access to markets and technology.

According to a press release, Telugu-speaking NRIs settled in Switzerland and an NRI Telugu delegation from England welcomed the Chief Minister.

Mr. Naidu said AP would be developed into a knowledge and education hub.

He responded positively to a suggestion from an expert in the biomedical field to invite world renowned scientists to initiate research projects in AP

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