Chandrababu Naidu Woos UAE Investors with Amaravati's Promise
Andhra Pradesh CM N Chandrababu Naidu initiated his UAE visit by meeting industry leaders to boost investments and invited them to the CII Partnership Summit. He highlighted opportunities in tourism, real estate, and more. UAE-India trade has solidified with mutual investments reaching $23 billion.
- Country:
- India
On Wednesday, Andhra Pradesh Chief Minister N Chandrababu Naidu commenced his UAE tour with strategic meetings aimed at attracting investment to his state. Engaging with industry magnates, Naidu promoted investment prospects, specifically touting Andhra Pradesh as an ideal destination for funding.
During his discussions, Naidu highlighted the development of Amaravati, the greenfield capital city, and informed Sobha Group founder PNC Menon about Google’s planned AI data center in Visakhapatnam. Menon expressed his interest by announcing a Rs 100 crore contribution towards a world-class library in Amaravati.
The visit also underscored the growing trade relations between the UAE and India, with India's trade with the UAE burgeoning by 50% over the past three years. The UAE has invested $23 billion in India, with future plans in education and green energy sectors.
ALSO READ
-
World Bank's Continued Support Fuels Amaravati's Capital Development
-
World Bank's Financial Momentum Fuels Amaravati's Growth
-
Andhra Pradesh CM Secures Rs 100 Crore Investment for Amaravati Library from Dubai-Based Sobha Group
-
Naidu's UAE Visit Sparks Investment Opportunities
-
Wooing Investments: N Chandrababu Naidu's UAE Tour
Google News