Visakhapatnam: Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday invited leading UAE companies to explore investment opportunities in the state's food processing sector during a meeting with the Emirate's Minister of Economy and Tourism, Abdullah bin Touq Al Marri.

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Marri is in Visakhapatnam to participate in the CII Partnership Summit. He met with the chief minister and discussed investment opportunities across various sectors, an official release said.

"Naidu invited leading companies from the UAE to explore investment opportunities in Andhra Pradesh's food processing," it said.

During the meeting, the CM highlighted that fruits grown in the Rayalaseema region of the southern state were already being exported to international markets.

He explained that the state government was developing Rayalaseema as a global horticulture hub with an investment of Rs 1 lakh crore.

Naidu invited UAE-based agri-food company Silal to participate in the food cluster proposed to be established by the UAE.

According to the CM, Andhra Pradesh offered immense opportunities for investment in the procurement, processing and export of agricultural and food products.

The proposed grounding of the Dubai-based Floormaster industry in Chittoor district also came up for discussion, the release said.

Naidu urged the UAE Minister to facilitate an early decision on the food cluster.

Highlighting the investment potential in sectors such as maritime, aerospace and defence, the CM called upon UAE companies to make use of the opportunities available in the state.

The chief minister assured that Andhra Pradesh was ready to work closely with the UAE in these sectors.

Meanwhile, the UAE Minister said his country was keen to invest along India's eastern coastline and that Andhra Pradesh could emerge as a key destination for UAE investments, the release said.

Further, the UAE delegation informed the CM that it was exploring the possibility of importing shrimp and other aquaculture products from Andhra Pradesh.

It also noted that 12 more UAE-based companies had expressed interest in investing in the proposed food cluster in Andhra Pradesh, the release added.

(This story has not been edited by Mathrubhumi and is published from a syndicated feed.)