Invest in AP: Naidu invites industrial giants from US

Amaravati, Sep 26 (UNI) Andhra Pradesh Chief Minister N Chandrababu Naidu met several industrial giants in New York in the US and discussed with them the investment opportunities in Andhra Pradesh and invited them to AP.

Some of the companies signed MoUs with the government of Andhra Pradesh.

A Chief Minister’s office communiqué said here on Wednesday that the Chief Minister met Sunil Bharti Mittal, founder and chairman Bharti Enterprises and discussed opportunities of collaboration between the company and government of AP.

The Bharti Enterprises is one of India’s leading conglomerates with diversified interests in telecom, insurance, real estate, agri and food, besides other ventures. SB Energy is joint venture proposed with Softbank group and foxcon group for renewable energy. The venture has already won a 250 mw solar power project with NTPC in AP.

The Chief Minister also met Sam Kalyanam, executive global business head, IBM Watson financial services, former MD Citi group and discussed on various opportunities of collaboration between the government of AP and Watson financial services. Watson plans for outsourcing AI blockchain and fraud/regulatory compliance linked investments in India.

Earlier AP Drones corporation, a government of AP initiative represented by chairman Babu A and University of Texas Dallas represented by Emily Lacy Associate director of research and Value Thought IT Solutions Private limited represented by N Mahesh signed an MoU to create technical and trained manpower on drone and its allied areas and to utilise machine learning, deep learning and drone captured imagery.

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