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

Cricket"I always look up to MS Dhoni": LSG's Mukul Choudhary opens up on his admiration for India's iconic wicketkeeper-batter

BusinessGlobal growth to slow to 3.2% in 2026, amid largest energy shock on record due to West Asia crisis: S&P

BusinessInstagram rolls out enhanced teen safety feature accounts in India, aligning with 13+ movie ratings criteria

BusinessNeed a Personal Loan? Bajaj Finance Now Offers Up to 108 Months to Repay

Politics"End of Nitish Yug in Bihar": Congress' Rajeev Shukla slams BJP over "plan to remove" Nitish Kumar after assembly polls

Business Realted Stories

BusinessIndia should prepare for global geopolitical disruptions every 1-2 years: Economist

BusinessPrime Fresh Limited Delivers Record-Breaking Q3FY26 Performance Across All Key Financial Metrics

BusinessJaiprakash Gaur expresses full confidence in Adani Group to take Jaiprakash Associates forward

BusinessSEBI unmasks ‘Ponzi-like’ scheme using broker licence; fund mobilisation crosses Rs 2,950 crore

BusinessGlobal smartphone shipments fall as Apple leads Q1 for 1st time