The CM Jagan Mohan Reddy will meet Ambassadors, Consul Generals of different countries in the summit, held in coordination with the Ministry of External Affairs.

Andhra Pradesh to host investment summit on August 9
news Investment Sunday, July 28, 2019 - 08:29

In its first attempt to invite investment since coming to power two months ago, the YSRCP government in Andhra Pradesh will host a summit to be attended by diplomats and representatives from 30 to 40 countries on August 9.

The conference to be held in Vijayawada will be attended by Ambassadors, diplomats, Consul-Generals and other representatives.

According to a statement from the Chief Minister's Office, the event will be held in coordination with the Ministry of External Affairs to attract investments in different fields in the state.

The summit will have two phases. In the first phase, Chief Minister YS Jagan Mohan Reddy will meet the Ambassadors and Consul Generals while in the second phase, he will have individual meetings with the representatives of different countries.

According to the CMO, the state government has initiated efforts to create large-scale employment opportunities by promoting the establishment of industries in the state.

Jagan has already announced the creation of 4.01 lakh government jobs through the appointment of village volunteers and ward secretariats. He is also filling vacancies in various departments.

Kia to launch car 

South Korean auto major Kia Motors announced on Saturday that they would launch their first car from its India plant in Anantapur district on August 8.

The company invited Chief Minister YS Jagan Mohan Reddy for the launch of it's first 'Made in India' car at the factory in Penukonda.

Kia President and CEO Han-woo-Park wrote to Jagan Mohan Reddy on June 13, recalling his association with Reddy's father and late Chief Minister YS Rajasekhara Reddy, the CMO said.

Kia Motors had commenced trial production in January this year. The company had then announced that it invested $1 billion in the facility.

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