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FAPCCI and AFEC signs MOU

The Federation of Andhra Pradesh Chambers of Commerce (FAPCCI) today signed an agreement with Austrian Federal Economic Chamber (AFEC) to promote trade as well as technical and scientific cooperation. The MoU was signed by O P Goenka, President, FAPCCI and Austrian Trade Commissioner Hans Hoertnagl on behalf of AFEC. Free exchange of information regarding trade and investments, social and economic cooperation and other spheres of economic activity has been envisaged. Setting up of working groups and holding joint meetings have also been agreed upon, Goenka said. He also informed that the Austrian government was willing to provide an assistance of Rs 3,000 crore to irrigation projects in the state, for the Godavari Lift Irrigation Project (Devadula) and the 350 MW power project at Dummagudem in Khammam district. Three more projects in Yellampalli, Singareddypalle and Pola Varam will be taken up soon, Goenka added. PTI

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