Japan Connect Policy Attracting Investments: AP Min
sri City MD Dr Ravindra Sannareddy says business-friendly policies helping AP get FDI
Dr Ravindra Sannareddy, Founder & Managing Director, Sri City, addressing a seminar in Vijayawada on Wednesday
Hyderabad: Andhra Pradesh’s Japan Connect Policy has been effective in attracting Japanese investments into the State, the Industries and Commerce minister T G Bharat said.
Addressing a seminar on ‘Investment, Infrastructure, People-to-People Exchange and Education,’ in Vijayawada on Wednesday, the Minister highlighted the State’s proactive industrial policy. He further reiterated the State government’s commitment to ease of doing business, industrial development, and deeper economic collaboration with Japan.
He stressed on the effectiveness of the State’s Japan Connect Policy in attracting Japanese investments and establishing the State as a prime choice for these companies. The Embassy of Japan in India, in collaboration with the Government of Andhra Pradesh, Andhra Pradesh Economic Development Board, and Federation of Indian Chambers of Commerce and Industry (FICCI), had organised the seminar. The event served as a platform to strengthen economic and cultural ties between Japan and Andhra Pradesh.
Speaking at the inaugural session, Ambassador ONO Keiichi commended Andhra Pradesh’s proactive approach in bolstering Indo-Japan economic cooperation and acknowledged Sri City’s role in facilitating Japanese investments.
Dr Ravindra Sannareddy, Founder and Managing Director of Sri City, in his address lauded the leadership of the Chief Minister of Andhra Pradesh.
“Chandrababu Naidu has been a strong proponent of strengthening India-Japan relations and fostering a conducive business environment for global investors,” Dr Sannareddy highlighted emphasising on the business-friendly policies, world-class infrastructure, and strategic location that has made Andhra Pradesh a magnet for foreign investments, particularly from Japan. Sri City is the second-largest Japanese township in India and has emerged as a preferred industrial destination for major Japanese companies.
Dr Sannareddy spoke about collaborations in skill development, technology transfer, and sustainable industrialisation, which have created significant employment opportunities for the local workforce. The inaugural session was moderated by Dr Gunveena Chadha, Deputy Secretary General, FICCI. Jithendra Nimmagadda, Chief Executive Officer (Manufacturing), Vishwa Samudra Holdings, commenced the session with a welcome address. The seminar concluded with a collective commitment to expand investment collaborations, enhance people-to-people exchanges, and explore new avenues in education, infrastructure,
and technology.
