Chief Minister N Chandrababu Naidu met several industrial giants and discussed with them on the investment opportunities in Andhra Pradesh and invited them to AP. Some of the companies signed MoUs with Govt of AP to set up companies in the state.
The Chief Minister met Sunil Bharti Mittal, founder and chairman Bharti Enterprises and discussed on opportunities of collaboration between the company and Govt 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 Govt of AP and Watson financial services. Watson plans for outsourcing AI blockchain and fraud/regulatory compliance linked investments in India. Data analytics and operational research operations possibility in Vizag fintech valley to proactively support on insights from the financial markets for AP to pursue key clients.
Earlier AP Drones corporation, a govt 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. To create an eco system R&D centre and manufacturing centre on drones and thereby create start ups incorporating them both in Texas and Andhra Pradesh.