City
Epaper

CM Naidu discusses investment opportunities with Adani Group

By IANS | Updated: October 29, 2024 13:10 IST

Amaravati, Oct 29 Andhra Pradesh Chief Minister N. Chandrababu Naidu met with a delegation from the Adani Group ...

Open in App

Amaravati, Oct 29 Andhra Pradesh Chief Minister N. Chandrababu Naidu met with a delegation from the Adani Group to discuss investment opportunities in the state.

The delegation was led by Rajesh Adani, Managing Director of Adani Exports Ltd and Karan Adani, Managing Director of Adani Ports and SEZ Ltd.

CM Naidu posted on ‘X’ that they discussed a range of investment opportunities in Andhra Pradesh.

“Their presentation covered projects with the potential to drive comprehensive growth across the state in key sectors such as ports, mining, ring road, IT, tourism, and AI. They also expressed their commitment to rebuilding Amaravati, as well as our vision for SwarnaAndhra Pradesh,” wrote CM Chandrababu Naidu.

Meanwhile, Andhra Pradesh Minister for Information Technology and Electronics Nara Lokesh urged Adobe to set up its research and development (R&D) wing in Andhra Pradesh to become partners in smart governance and Artificial Intelligence-driven solutions in the state.

Lokesh, who is on a visit to the US to attract investments to the state, met Adobe Chief Executive Officer (CEO) Santanu Narayen in San Francisco, according to an official statement here.

During the meeting, Lokesh sought Adobe’s cooperation to sharpen the digital technology skills among the youth. "The State Government, with the vision of the Chief Minister, Mr Chandrababu Naidu, is adopting investor-friendly policy and the State is the right place for investments," Lokesh told Santanu Narayen.

Narayen said that Adobe is now on the top in digital media and cloud-based services while the company has made photoshop, acrobat and allied services more accessible. He also said that all the updated versions of document productivity and AI-based innovations are made available from time to time and the company has a market cap of Rs 17.95 lakh crore across the globe.

Appreciating the efforts of the company, Lokesh said that it perfectly suits the digital transformation vision of Andhra Pradesh and sought the cooperation of Adobe to transform the state into a global tech hub. Narayen said that a decision will soon be taken on investments in the State after holding discussions with company partners.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

MaharashtraNagpur Tragedy: Mother and Son Among Three Killed in Lightning Strike

NationalTN: Vinayaga Chaturthi celebrated with devotion and festivity

NationalHeavy rainfall triggers flash floods in Telangana, hits road and rail traffic

International'Special partnership' between PM Modi and Trump will steer India-US relationship: Shringla

Other SportsGolf: Udayan Mane seizes clubhouse lead with course record 67 on rain-affected second day

Business Realted Stories

BusinessUIDAI urges schools to ensure timely Aadhaar biometric updates for children

BusinessTrump's 50% tariffs on Indian goods come into effect, experts see opportunities to diversify markets

BusinessRobust fundamentals, reform push drive India's economic resilience: Finance ministry review

BusinessAdani Agri hikes procurement price of apples by 12.5 pc to Rs 90 per kg in Himachal

BusinessJio announces relief measures for customers hit by floods in J&K, Ladakh and Himachal Pradesh