Chief Minister Chandrababu Naidu's Russian tour is producing some results. Russian Minister for Trade and Industry Mr. Denis Menturov today called on Chandarababu Naidu in his office in Vijayawada.
Russia's JSC United Shipping Corporation is going to set up a ship-building unit in Andhra Pradesh. It has entered into an MoU with, The Economic Development Board of Andhra Pradesh today. JSC United Shipping Corporation is going to invest around Rs.100 crore in Andhra Pradesh.
In an another MoU, Russia's TechnoNICOL Corporation is going to establish a world-class manufacturing complex in Visakhapatnam district to produce membranes, shingles and other waterproofing and roofing products.
Both the MoU's are signed in the presence of Russian Minister for Trade and Industry Mr. Denis Menturov and Andhra Pradesh Chief Minister N. Chandrababu Naidu. Chief Minister Chandrababu Naidu, said the state government is ready to provide all required infrastructure for industries.