Japan have come up to assist Andhra Pradesh in developing the Visakhapatnam and Krishnapatnam ports into logistic hubs. Three more container ports would also be developed in addition to these two ports. Mr Naidu, CM AP said the Japan International Cooperation Agency is preparing a project report on potential investment sectors in AP. Japan’s Ministry of Economy, Trade and Industry signed a MoU with AP govt. to promote investment by companies in AP in urban development, agriculture, food processing and IT and would would also support the development of industrial parks in AP. SoftBank has evinced interest in setting up solar power plants with a capacity of 10,000 MW in AP.