The meeting of diplomats belonging to various countries to be held by YSR Congress party government headed by Y S Jagan Mohan Reddy in Vijayawada on August 9 is most likely to be going to be a “Partnership Summit” of a different kind.
Delegates from as many as 35 countries including Korea, UK, USA, Japan and Australia are likely to attend what is called “Diplomatic Outreach Event” to explore the potential trade relations in mutual interest.
“The Outreach programme is aimed at exploring opportunities for collaboration in core areas like pharma, automobile, steel, textiles food processing, electronics and others. The State will showcase industrial policies and investment opportunities in Andhra Pradesh and potential areas of partnerships with the participating countries,” a CMO spokesman said.
Apart from Jagan, the event will be attended by state finance minister and industries minister along with concerned officials.
Jagan is likely to have a one-on-one meeting with delegates of select countries. The event is being organized in collaboration with the Department of External Affairs.
The interactions will establish a first level connection between the State and the visiting diplomats.
The connection thus established will be leveraged to identify trade synergies and technology transfer programs that will further strengthen the ties between the state and the partnering country.
In this process, Investment Promotion Offices and Investor Desks will be setup in business centers across major Indian cities like Bengaluru, Chennai, Delhi, Mumbai besides Tokyo, Seoul and other select foreign capitals to enable regular interaction with top investors across sectors.
Wherever offices cannot be setup directly, the state will partner with CII, FICCI and other Industrial organizations which have presence in those countries in order to reach out to investors.