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10 MoUs signed in China: Chandrababu

Hyderabad: Andhra Pradesh Chief Minister N Chandrababu Naidu said AP entered into 10 MoUs - five government two business (G2B) and an equal number of business two business (B2B) - in China.

He said the G2B MoUs deal with facilitating direct investment in solar energy sector. Most of the B2B agreements dealt with facilitating direct investment in Brandix India Apparel City in the field of textiles. He said another B2B MoU was between KSEZ (GMR) and Hangzhou Huatong Inc. They are to set up a toys manufacturing unit at Kakinada SEZ with GMR.

Naidu said electronic major TCL Corporation of Shanghai showed interest in exploring investment opportunities in AP.

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