Naidu pitches investments to Gates, CEOs in Davos
05 Feb 2025
2 Min Read
CW Team
Andhra Pradesh Chief Minister N. Chandrababu Naidu, on his third day at the World Economic Forum in Davos, met global leaders and corporate executives to attract investments into the state.
Naidu held discussions with Microsoft founder Bill Gates, exploring collaboration on an AI University, Innovation & Incubation, a Health Center of Excellence, and positioning Andhra Pradesh as South India's gateway.
In a meeting with Google Cloud CEO Thomas Kurian, Naidu proposed setting up a design centre in Visakhapatnam, integrating Google鈥檚 server supply chain with a manufacturing unit in the state, and making Andhra Pradesh a hub for server maintenance. Recently, Google signed an MoU with the state to establish a Data City in Visakhapatnam and boost skill development through AI initiatives.
Petronas President and CEO Muhammad Taufik discussed plans to invest Rs 13,000鈥揜s 15,000 crore in a green ammonia plant in Kakinada, targeting five million tonnes of annual production by 2030. The CM invited Petronas to expand investments in Mulapeta鈥檚 petrochemical hub and a Global Capability Center.
Naidu also engaged with PepsiCo International Beverages CEO Eugene Willemsen, PepsiCo Foundation Chairman Stephen Kehoe, and Bahrain鈥檚 government representatives, showcasing Andhra Pradesh鈥檚 investor-friendly policies and industrial opportunities under its 鈥楽peed of Doing Business鈥� model.
The Chief Minister also discussed opportunities in the State with Eugene Willemsen, CEO of PepsiCo International Beverages, and Stephen Kehoe, Chairman of PepsiCo Foundation.
Naidu also met Hamad Al Mahmeed, a representative of the Bahrain Prime Minister鈥檚 office, and Abdullah bin Khalifa Al Khalifa, CEO of Mumtalakat. He explained the new policies introduced by the State government for industrial development and invited them to invest in Andhra Pradesh taking advantage of its 鈥楽peed of Doing Business鈥� approach.
Andhra Pradesh Chief Minister N. Chandrababu Naidu, on his third day at the World Economic Forum in Davos, met global leaders and corporate executives to attract investments into the state.Naidu held discussions with Microsoft founder Bill Gates, exploring collaboration on an AI University, Innovation & Incubation, a Health Center of Excellence, and positioning Andhra Pradesh as South India's gateway.In a meeting with Google Cloud CEO Thomas Kurian, Naidu proposed setting up a design centre in Visakhapatnam, integrating Google鈥檚 server supply chain with a manufacturing unit in the state, and making Andhra Pradesh a hub for server maintenance. Recently, Google signed an MoU with the state to establish a Data City in Visakhapatnam and boost skill development through AI initiatives.Petronas President and CEO Muhammad Taufik discussed plans to invest Rs 13,000鈥揜s 15,000 crore in a green ammonia plant in Kakinada, targeting five million tonnes of annual production by 2030. The CM invited Petronas to expand investments in Mulapeta鈥檚 petrochemical hub and a Global Capability Center.Naidu also engaged with PepsiCo International Beverages CEO Eugene Willemsen, PepsiCo Foundation Chairman Stephen Kehoe, and Bahrain鈥檚 government representatives, showcasing Andhra Pradesh鈥檚 investor-friendly policies and industrial opportunities under its 鈥楽peed of Doing Business鈥� model.The Chief Minister also discussed opportunities in the State with Eugene Willemsen, CEO of PepsiCo International Beverages, and Stephen Kehoe, Chairman of PepsiCo Foundation.Naidu also met Hamad Al Mahmeed, a representative of the Bahrain Prime Minister鈥檚 office, and Abdullah bin Khalifa Al Khalifa, CEO of Mumtalakat. He explained the new policies introduced by the State government for industrial development and invited them to invest in Andhra Pradesh taking advantage of its 鈥楽peed of Doing Business鈥� approach.
Next Story
MoHUA Plans New Role for Smart City SPVs
In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..
Next Story
ADB Approves $110 Million Loan to Boost Skills in Gujarat
The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat鈥檚 efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..
Next Story
SDAL Tests Rudrastra UAV and Bhargavastra Defence System
Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India鈥檚 Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..
