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Hyderabad, July 10

RAS AL KHAIMAH, one of the seven Emirates in the Gulf, has agreed to invest in Andhra Pradesh in the fields of food processing and garment manufacturing.

Mr Shaik Sauda bin Saqur Ul Qassimi, Crown Prince of the Ras Al Khaimah, gave this assurance to Dr Y S Rajasekhara Reddy, the Andhra Pradesh Chief Minister, when the latter met him on Sunday in Dubai.

Dr Rajasekhara Reddy is leading a high-level delegation to Israel, Egypt and the Gulf.

The delegation invited the prince to the State to explore investment opportunities.

It also held discussions with the officials of R K Ceramics, which was setting up the Rs 200-crore plant at Peddapuram in East Godavari district.

The delegation comprised Mr N. Raghuveera Reddy (Minister for Agriculture), Mr Botcha Satyanarayana (Minister for Major Industries) and Advisors to Government, Mr D.A. Somayajulu and Peter Hasan.

The Chief Minister explained to Mr Mohammed Alabbar, Director-General of Dubai Department of Economic Development, about the initiatives taken by the Government to encourage industry.

(This article was published in the Business Line print edition dated July 11, 2005)
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