AP drops plan to host global investors’ meet

V. Rishi Kumar Hyderabad | Updated on July 21, 2011

The Andhra Pradesh Government has decided not to host the proposed Global Investors’ Meet 2011 scheduled to be held in September in Hyderabad.

A decision on this was taken by the State Government as the Centre had proposed to host the next Partnership Summit 2012 at Hyderabad.

According to a Government order passed by Mr T.S. Appa Rao, Principal Secretary to Andhra Pradesh, the Global investors’ Meet was slated to be held during September 19-20, in association with the Confederation of Indian Industry (CII) for attracting investors from different countries.

An advisory committee with senior officials and the members of CII to provide necessary guidance and support for the event was constituted.

However, the Union Commerce and Industry Ministry had come up with a proposal to the Chief Minister, Mr N. Kiran Kumar Reddy, to organise the Partnership Summit 2012 in Hyderabad. The summit is a flagship international investment meet organised by the Commerce and Industry Ministry in partnership with the industry body CII.

After careful examination of the Centre’s proposal (and also keeping in view the current business environment), the State Government has decided to drop the proposed Global Investors Meet 2011 in Hyderabad in view of the another mega event planned in collaboration with the Centre and the CII.

It may be recalled that the on-going agitation for separate Telangana forced the State Government to cancel couple of major events last year too. In fact, one of the major events, which was to be held at Hyderabad was later held at Chennai instead.

The State Government has announced this decision through a Government order late on Wednesday.

Published on July 21, 2011

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