AP News Online

Anil Ambani keen on setting up in Andhra Pradesh

CII partnership summit 2017 is going to start from tomorrow in Vizag as the agitations for special status is intensifying in the ocean city is on high alert. Last year there were several MNCs participated and promised lakhs of crores of investment but nothing has been materialised.

But Reliance (Anil Ambani group) is still keen on setting up a shipyard in Andhra Pradesh for producing defence ships and submarines and the AP government is actively pursuing the proposal, according to Kartikeya Mishra, Director of Industries.

He said in an interview here on Friday that the MoU had been signed during the last CII partnership summit in February, 2016, by the AP Government and Reliance (Anil Ambani group) for setting up the ₹5,000-crore unit, probably in Visakhapatnam district.

Scotching speculation in the local media that the Reliance group was asking for a number of sops and incentives, raising doubts over the project, Mishra said there was no room for such misgivings.

“We are still in the negotiation stage and the best deal, favouring both the parties, will be worked out. Both Reliance and the state government are serious about the project and it may take final shape during the upcoming CII Partnership Summit next week,” he said.

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