HYDERABAD (TIP): For UK companies Andhra Pradesh continues to be one of the preferred states in India for investments. An action plan for exchange of delegations in the select sectors would soon be worked out in consultation with the UK Trade and Investment Office in Hyderabad so that British companies can find appropriate partners and locations in Andhra Pradesh for investments.
This emerged after a meeting between the Director- General of UK Trade and Investment Department and State industry department officials. Areas of life sciences, aviation, defence and high-tech manufacturing, green technologies, gas and energy, IT hardware and food processing were identified as potential sectors for mutual cooperation. Kumar Iyer, Deputy High Commissioner and Director-General of UK Trade and Investment accompanied by Andrew McAllister, British Deputy High Commissioner in Hyderabad met K. Pradeep Chandra, Principal Secretary, Industries and Commerce Department in the Secretariat today.
Kumar Iyer informed that the British Government has identified Andhra Pradesh as one of the preferred states in India for investments. In turn, the State officials explained the advantages of Andhra Pradesh as an investment destination with a natural resource base and industrial parks spread all over the State.