Chandrababu appeals Russia to invest in AP

12 July 2016

Chandrababu Naidu on his tour in Russia made an appeal to Novolipetsk Steel to invest in Andhra Pradesh. Novolipetsk Steel (NLMK is the fourth largest steel company in Russia. Chandrababu Naidu held meetings with Russian officials and industrialists on Tuesday. He also met director of electrical steel division of NLMK Valery Shevelev, who informed him that the company is looking for possibilities of expansion in India and is keen to invest $1 billion.

NLMK,  primarily produces flat steel products, semi-finished steel products and electrical steels.

Chandrababu Naidu invited Valery Shevelev to visit Andhra Pradesh to check on the facilities and natural resources available in the state. According to a press release issued by the CMO.  The Chief Minister even directed the State Economic Development Board officials to coordinate with the officials of NLMK to materialise the proposal.

Earlier in the day, Naidu held a meeting with Bocharo Oleg, Head of the Department of Science, Industrial Policy and Entrepreneurship of the city of Moscow, during which Bocharo Oleg highlighted his department’s technological innovation that will be useful in building the capital city Amaravati. “We have a clear mandate from the Moscow government to venture into building smart cities around the world and 25 billion Euros have been allotted for this,” Bocharo told Naidu. Noting that ‘Startup Culture’ is picking up in Moscow, Bocharo invited the Chief Minister to attend the meeting of all techno parks from all over the world at Moscow in September.

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