Naidu to tour Singapore from July 26-31 to woo investors

Andhra Pradesh Chief Minister N Chandrababu Naidu will tour Singapore between July 26 and 31, promoting “Brand AP” once again among investors from the island nation and making efforts to regain the trust of its government.

In his earlier tenure, Naidu had partnered with the Singapore government to transform Amaravati into his dream capital city before the YSRCP had abandoned it.

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He will also carry out the groundwork for the Visakhapatnam Investment Summit, which is slated to be held in November this year, inviting investors and industrialists from Singapore.

This will be Naidu’s second foreign tour after Davos in his current tenure. The chief minister will highlight AP’s robust infrastructure, including ports, airports, highways, harbours and abundant water and land resources, apart from his government’s new industrial policy and ease of doing business policy.

Apart from meeting the CEOs and senior representatives of the companies, he will also meet the Telugu diaspora, urging them to invest in the state and encourage their participation in the state’s public-private-people partnership (P4) initiative aimed at poverty eradication.

The chief minister will also try to attract investments for port-based projects, semiconductor, artificial intelligence and data centres for the investment summit at Visakhapatnam that will be held in November this year.

Naidu has been fascinated by Singapore and had sworn by it when he was elected the chief minister in 2014 after the bifurcation of the state. Forced to build a new capital city after Hyderabad went to Telangana, Naidu chose the farmlands beside the river Krishna to build his greenfield capital city.

There were myriad crops on the fields, cows meandering through them, yet Naidu could envision a futuristic city that would turn into a growth centre for the state, driving employment. And he turned to Singapore to achieve his dream.

However, YSRCP YS Jagan Mohan Reddy crashed that dream but after his return, Naidu is all set to rebuild his dream Amaravati, with the hope that Singapore will once again extend its cooperation.