AP ideal for investments: CM

February 11, 2012 – Chief minister N Kiran Kumar Reddy has invited entrepreneurs to invest in the state. Speaking at a Regional Integration event of Entrepreneurs Organisation here on Friday, he said Andhra Pradesh was the ideal state for investment and the state government would extend all necessary help to the investors.He said agreements and MoUs worth Rs 6.50 lakh crore were signed during the CII Partnership Summit held in the city recently. Of that, Rs 1.25 lakh crore investments are from the public sector. Besides, about half a dozen defence units are coming to the state.Reddy said that during his oneyear tenure many initiatives were taken for allround development of the state. Last year investment proposals worth `25,000 crore were cleared on a single day. Of those, 22 units have been grounded.

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