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.
Kodanadu estate case investigation in peaks! The investigation in the Kodanadu estate death case has reached a intense point, as the two main accused Manoj and Sayan were arrested yesterday. The sensational Kodanadu estate case has turned out to be the most talked about issue in Tamilnadu politics with new shocking updates unraveling the mystery.
- UP minister's tells people to burn politicians!
- Supreme Court notice to central govt!
- A Judge partially blocked a set of Trump administration rules
- Follow Indian Traditions Leave Western Lifestyles: Venkaiah Naidu
- Unresolved differences between Kanchi Seer and Mahatma Gandhi continues
- Cockpit Voice recorder of Lion Air Jet found
- Modi said BJP worker is driven by National Interest & not by any self-interest
- KCR plans that will last generations
- RBI tokenizes transactions made through Debit, Credit & Prepaid Cards in India
- TNSTC announced it will operate an additional 14,263 services for Pongal
- Modi calls DMK as the biggest enemy!
- Terrorists killed in early morning encounter!
- Dinakaran Vs Anbazhagan catches fire!
- Tehelka editor reveals shocker!
- Ivanka Trump, Nikki Haley for US candidates to World Bank President's Post