Proposals worth Rs 4 lakh crore lined up for AP

HYDERABAD: The State government is expecting over Rs 4 lakh crore investments through industrial partnership summit to be held here from January 11 to 13.According to official sources, the state government had already received proposals for Rs 4 lakh crore investments till date and some more are expected.For the first time, proposals relating to education and health were received in the industrial summit. Some have proposed sports universities and highly advanced hospitals in 100 places.The government is conducting the partnership summit in big way here to attract  investments to the state across the country.The focus of the summit would be on investments in sectors such as education, skill development, healthcare, pharma, IT, tourism and food processing. It also seeks to showcase the potential for investment in special economic zones and specially developed zones like the PCPIR to attract investments.According to industries secretary TS Appa Rao, the state government expected Rs 2 to 3 lakh crore investment because world economy was on a down trend. “But the response we got was very encouraging,” he said. He said as on date, 30 business delegations and 14 ministerial delegations have confirmed their participation in the summit.The summit has received as many as 150 proposals  from industrialists across the country as well as abroad. Among those proposals Rs 2.5 lakh crore investments were from the public sector and Rs 1.25 lakh crore from the private sector, he said.