Hyderabad, November 18: In the presence of Mr. N. Kiran Kumar Reddy, CM of A.P. a Memorandum Of Understanding was signed between Govt. of A.P. and Amerind Petroleum in secretariat CM thanked Amerind Petroleum Corporation for selecting Visakhapatnam for oil refinery. He desired that production should be started soon. He assured of the cooperation of State Govt. He said that the vast coast of A.P. offers better facilities and infrastructure.
J. Geetha Reddy, Industries Minister said that Visakhapatnam is the second best coast of India for its long coastal belt. She said that in industrial development, Govt. of A.P. has a better policy. She expressed the hope that Amerind would offer better service. Chairman of Amerind Mr. Syed Badaruddin told that he belongs to Hyderabad. He said that Exim Bank of America is cooperating in this venture.
——Siasat News