Andhra Pradesh

CM winds up three-day US visit, heads for Dubai

Urges top MNCs to tap investment potential in A.P.

Chief Minister N. Chandrababu Naidu left for Dubai from New York, where he held discussions with the honchos of the MNCs on the final day of his U.S. visit on Friday.

Purna R. Saggurti, Head of the Global Investment Banking at the Bank of America Merrill Lynch, Jeffrey Hamilton, Senior Director at Pfizer Inc., S&P Global Infrastructure Head Swamy Kocherlakota, Magna International Chief Technology Officer Swamy Kotagiri, and Tasty Bite Eatables Limited and U.S.-India Strategic Partnership Forum president Mukesh Aghi were among the dignitaries whom Mr. Naidu called on.

Mr. Naidu explained the investment opportunities and what had been done post-bifurcation to make doing business in A.P. a viable proposition to Mr. Purna Saggurti in an interaction at the Bank of America Towers in New York.

He laid emphasis on the priority given to the construction of Amaravati and the multi-purpose Polavaram project, and highlighted the steps taken on the Ease of Doing Business (EODB) front.

Later, Mr. Naidu met former NITI Aayog vice-chairman Arvind Panagariya, who is now professor at the Columbia University.

Finance Minister Yanamala Ramakrishnudu, adviser (communications) Parakala Prabhakar, Chief Minister’s Secretary G. Sai Prasad and Economic Development Board CEO J. Krishna Kishore were present.

Nalanda 2 campus

According to an official release, Nalanda 2, a U.S.-based higher educational institution, agreed to set up a world-class university in Amaravati. This was conveyed to Mr. Naidu by Nalanda 2 founder-president Shailendra Kumar.

Mr. Naidu invited Magna International, a Canada-based automotive component manufacturer, and Tasty Bite Eatables Limited to set up their units in A.P.

In Dubai, Mr. Naidu is scheduled to interact with members of the Telugu Association and address a Business Leaders’ Forum.

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Printable version | May 30, 2020 8:57:37 AM | https://www.thehindu.com/news/national/andhra-pradesh/cm-winds-up-three-day-us-visit-heads-for-dubai/article19898190.ece

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