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Global Investors Summit
The GMR Group which is in the process of developing an international airport at Bhogapuram near here will be investing Rs 5,000 crore on the aerodrome in the first phase. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, GM Rao, chairman of GMR Group said the first phase of the airport will be developed to serve six million passengers per annum. "We will be developing Bhogapuram Airport with the first phase serving six million passengers and an ultimate capacity of 40 million passenger (per annum). The first phase investment will be to the tune of Rs 5,000 crore," Rao said. The airport will have state-of-the-art cargo facilities that will cater to exports and aerotropolis and airport city around the airport that will consist of an industrial zone, airspace zone and education and healthcare zones, he said. Rao further said the airport would replicate the success of Hyderabad aerodrome which will help in the transformation of Visakhapatnam city
With the presence of industry bigwigs such as Mukesh Ambani of Reliance Group, GM Rao of GMR Group, founder-chairman of Cyient BV Mohan Reddy, the Global Investors Summit 2023 "Advantage Andhra Pradesh" began here on Friday. The sprawling sports grounds of Andhra University is hosting the two-day meet, where about 200 stalls have been set up, including over 30 showcasing the various advantages of investing in Andhra Pradesh in 13 crucial sectors identified by the government. The venue has five massive halls and each hall will host different events such as government-to-business (G2B) meetings, seminars, and meetings. Over 8,000 dignitaries and investors from across India and 40 other countries including China and USA are attending the event, a government press release said. Speaking at the inaugural session, AP Finance Minister Buggana Rajendranath Reddy said the dream is not only to re-establish AP as the industrial hub of the India but of the globe. "We have proximity to Chennai
Uttar Pradesh Chief Minister Yogi Adityanath on Friday said his government has attracted investment proposals worth Rs 32.92 lakh crore through roadshows ahead of the Global Investors Summit, signing over 18,000 MoUs with various companies. Potentially, these can create 92.50 lakh job opportunities in the state, he said. Uttar Pradesh is ready to play the role of the growth engine of the country in line with Prime Minister Narendra Modi's vision and by imbibing his mantra of 'Reform, Perform, Transform', Adityanath said in his address during the inaugural ceremony of the summit here. Describing it as the 'Mahakumbh' of investment, Adityanath said the investments to come through the 18,645 MoUs signed between the government and the companies in sectors like renewable energy, real estate, education, tourism, e-vehicle manufacturing, housing and food processing among others will create 92.50 lakh job opportunities. The chief minister invited the investors to take part in the developme
In the run up to the global investors' summit in Lucknow, district authorities on Tuesday inked 64 memorandum of understandings (MOU) for investment worth Rs 1,743.57 crore. District Magistrate Mahendra Bahadur Singh after attending the Kheri investors and exporters' meet said, "64 MOUs executed on Tuesday intended to set up projects worth Rs 1,743.57 crore providing job opportunities to nearly 6,000 persons." The investors and exporters meet was jointly organised by district industries department and the Kheri chapter of Indian Industries Association (IIA). "The projects incorporated among the MOUs included establishment of bio-CNG (CBG) plants, bio energy plants, woods and timber industry, dairy development industries, eco-tourism establishments etc," he added. The DM, while lauding the investors and assuring them full cooperation from the authorities, said "Located on India-Nepal border and the largest district of the state, Kheri had immense opportunities for startups and ...