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AP CM hardsells Amaravati to woo investments
Chief Minister N Chandrababu Naidu invited several top international funding agencies and consultants to invest in Amaravati capital city.
​Amaravati: Chief Minister N Chandrababu Naidu invited several top international funding agencies and consultants to invest in Amaravati capital city.
Interacting with Morgan Stanley, McKinsey Global, Kuni Umi Assessment Management Company and General Atlantic managements in Davos on Thursday, the CM explained them about the investment opportunities in Andhra Pradesh and business-friendly atmosphere prevailing in the state.
The Chief Minister took part in a meeting with Morgan Stanley strategy head Max Neukirchen where he highlighted the natural resources, technology development and welfare. The strategy head of the company was interested to hearing the CM’s Core Dash Board initiative.
He requested the Morgan Stanley CEO to extend its cooperation for attracting the investments. Besides, the CM interacted with McKinsey Global Institute director Jonathan and discussed on funds allocation for Amaravati capital.
On this occasion, Jonathan observed that China and India would usher in revolutionary changes in future.
Nearly 25 per cent in the total GDP was coming from the two countries. He would work as facilitator for Andhra Pradesh by taking steps to bring 20 companies for investing in Amaravati, said Jonathan. The CM suggested him to create a specific team for attracting investments.
Kuni Umi Assessment Management Company CEO Yasuyo Yamazaki said that they would form a consortium for attracting $20 billion investments.
The company already took part in development of Varanasi. He said that his company would work in housing, employment, and agriculture sector with Japanese company technology. The company expressed willingness to take part in Tirupati development.
On the other hand, Teijin Limited president Jus Suzuki said that his company was interested to work in various fields in the country. The company has experience in optical fibre cable supporting. He said that he would also pursue the possibilities to invest in the State.
General Atlantic managing director Sandeep Naik said that his company would invest $5billion in the country. The company expressed interest to invest in IT and healthcare sectors.
The CM also took part in an interaction with CISCO chairman John Chambers. He complimented the CM for taking steps towards digitalisation.
The CM addressed an interaction session on Technology for Tomorrow. He explained the schemes and plans which were initiated for state development by using technology. Finance Minister Yanamala Ramakrishnudu and several officials were also present.
