Parliamentary Secretary to Australia's Minister for Trade and Investment, Steven Ciobo, who led the delegation, met Chief Minister N Chandrababu Naidu here today.
"During the meeting, an MoU was signed between AP Mining Development Corp (APMDC) and NSL Mining Resources India Pvt Ltd (a subsidiary of Australia's NSL Consolidated Ltd) for benefaction of low-grade iron ore from reserves in Kurnool and Kadapa districts," a government release said here.
After signing the MoU, the Chief Minister and Ciobo discussed areas of collaboration in infrastructure, mining, agro-processing, fisheries, skill development, financial services and opportunities in the new capital region.
Naidu briefed the team members about the advantages of doing business in Andhra Pradesh and highlighted common areas of collaboration.
Asked by a delegate about the three priority areas of his government, Naidu named infrastructure development (airports, ports, roads, inland waterways and inter-linking of rivers), skill development (to build capacities) and to develop a world-class capital city.
Another delegate enquired about Andhra Pradesh's higher education plans and the Chief Minister replied that the state is working to collaborate with international universities for student-exchange programmes and internships.
The Chief Minister invited Australian delegates to take part in 'Sunrise AP Global Investment Summit' to be held in October in Visakhapatnam.
Ciobo invited the Chief Minister and his team to visit Australia to understand their expertise and sign agreements based on Andhra Pradesh's interest and requirement.