DUBAI:- Chief Minister N Chandrababu Naidu participated in one to one meeting with several industry giants on the first day of his three day UAE tour to promote investments in Andhra Pradesh.
As part of it, the Chief Minister held discussions with Sobha group founder PNC Menon at first and informed them about development of Amaravati as world class capital. The Chief Minister also explained on opportunities for investments in Tourism, real estate, hospitality and tourism sectors in Andhra Pradesh. He informed him that Google came forward to set up AI data centre in Visakhapatnam. He invited Sobha group founder Menon to visit Amaravati to see the ongoing development works. He said AP is the best destination for investments.
The Sobha group chairman PNC Menon announced contribution of Rs 100 crore for development of a world class library in Amaravati.
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DUBAI: Andhra Pradesh Chief Minister N Chandrababu Naidu received grand welcome at Dubai airport today from large number of Telugu community people including women and entrepreneurs, on the first day of his three day UAE tour to attract investments and to invite global industry giants for CII partnership summit scheduled to be held in Visakhapatnam on November 14 and 15.
Later the Chief Minister met A Amarnath, Charge d’affaires, Embassy of India and Satish Sivan, Consulate General, Dubai. Speaking on the occasion, Consul General Satish Sivan said UAE had partnership with India in Trade and Technology and the ties are further strengthened with mutual investments from both the countries. He said the trade relations with India increased to fifty percent in the last three years. He said Indians also coming forward in a big way to invest in UAE paving way for increase in trade. He said India turned as a destination for knowledge economy and the UAE spending more on Technology and focusing on non oil economy. He said the UAE set up a separate ministry for Artificial Intelligence in 2017.
Discussing with the Chief Minister, Amarnath, Charge d’affaires, Embassy of India said that UAE invested 23 billion dollars in India so far and received fifty per cent of returns in three years. He said UAE is keen on investing in India on Education, health, green energy and food parks.
Speaking on the occasion, Chief N Chandrababu Naidu said the ties between India and UAE further strengthened in the past ten years. He said Prime Minister Narendra Modi toured several countries promoting India resulting in increasing relations between India and several countries. He predicted growing importance of Indians as several countries are suffering with aging factor. He said Andhra Pradesh has introduced several industry friendly policies. He said Google is coming to Andhra Pradesh. He said the AP government is giving priority for green energy, technology, data centres and quantum valley. He said Andhra Pradesh has abundant opportunities for investment in food processing industry.
Ministers BC Janardhana Reddy, TG Bharath and officials accompanied the Chief Minister.
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