Chief Minister N Chandrababu Naidu, who is currently in Singapore for the three-day World Cities Summit, claimed that several companies are ready to invest in Andhra Pradesh. On his first day, the Chief Minister’s Office in Amaravati claimed that companies like SMH Rail from Malaysia, Royal Holdings from Singapore and Lodha Developers Ltd from Maharastra have expressed interest to invest in metro rail manufacturing, real estate, infrastructure, entertainment, housing and other sectors.
Chandrababu Naidu held several bilateral and business-to-business meetings with representatives of several firms projecting AP as the prospective investment destination. The project director of Malaysia-based SMH Rail, Zahrin Zaman, informed that the firm found Andhra Pradesh as the most suitable place to establish a metro rail manufacturing unit. The representatives of the firm informed Chandrababu Naidu that SMH Rail has expertise in converting old locomotives as new locomotives, train wheels and electric train components, and is working with several multinational companies, including Siemens, General Electric, Alstom, Hyundai and others.
In another meeting, the managing director of Eli Hajaj group, Ofer Gabinet, told Chandrababu Naidu about the firm’s interest to set up an aero hub in AP to produce 75 per cent of its aircraft components and promised to start production within six months if the government allotted necessary land.The CEO and managing director of Lodha Developers Pvt Ltd, Abhishek Mangal Prabhat Lodha, has come forward to invest in malls and open spaces for amusement in Amaravati. “We will visit the capital region in September and submit our proposals,” he said. Singapore-based Royal Holdings, a housing and health resorts firm, also expressed its readiness to invest in Amaravati on housing and health resorts.
Later, Chandrababu Naidu met the Director General (Investment Operations) of Asian Infrastructure Investment Bank (AIIB), Pang Yee Ean, and sought financial assistance to the State government without the involvement of the Centre.Meanwhile, the CEO of Dassaults Systems, Bernard Charles, explained the firm’s plans to reduce day temperature in the capital region with the help of water conservation. The Chief Minister said that the services of the group would be used for developing smart cities. The group has agreed to visit Amaravati in September and prepare an action plan by December.
Is Chandrababu Naidu elder than PM Modi in politics? According to sources it was stated that Modi is not his senior in politics. He is his senior," claimed Andhra Pradesh Chief Minister Nara Chandrababu Naidu. Meanwhile Babu made this comments at the Gnanabheri program yesterday in Krishna district. Chandrababu said "He had entered politics way back in 1977 and he became the Chief Minister in 1995 whereas Modi
- Will Chandrababu Naidu attend Court in Babli Case?
- India moving towards 5G: PM Modi
- "Facebook Dating" made available within social networking company's mobile app
- First Indian state to introduce Smart e-Public Distribution System (e-PDS)
- Pawan Kalyan to have 'Gelupu Rotte' to win upcoming general elections in AP
- Ajay Maken left for treatment abroad for his orthopedic ailment
- Trump participates in UNGA events & bilateral meetings from September 24-27
- Will Madras HC hear petitions challenging land acquisition in Chennai-Salem Project?
- BJP leader gets trolled!
- Kausalya consoles Amrutha Varshini!
- Krishnaswamy turns against Karunas!
- Daye suppression isn't the end!
- HD Kumaraswamy meets 3,000 people every week during 'Janata Darshan'
- Muslims across 31 districts of Telangana must get representation in 2018 Elections
- TN Dr. Ambedkar Law University to remove unqualified teaching staff & other staff