Naidu pitches investments to Gates, CEOs in Davos
ECONOMY & POLICY

Naidu pitches investments to Gates, CEOs in Davos

Andhra Pradesh Chief Minister N. Chandrababu Naidu, on his third day at the World Economic Forum in Davos, met global leaders and corporate executives to attract investments into the state.

Naidu held discussions with Microsoft founder Bill Gates, exploring collaboration on an AI University, Innovation & Incubation, a Health Center of Excellence, and positioning Andhra Pradesh as South India's gateway.

In a meeting with Google Cloud CEO Thomas Kurian, Naidu proposed setting up a design centre in Visakhapatnam, integrating Google’s server supply chain with a manufacturing unit in the state, and making Andhra Pradesh a hub for server maintenance. Recently, Google signed an MoU with the state to establish a Data City in Visakhapatnam and boost skill development through AI initiatives.

Petronas President and CEO Muhammad Taufik discussed plans to invest Rs 13,000–Rs 15,000 crore in a green ammonia plant in Kakinada, targeting five million tonnes of annual production by 2030. The CM invited Petronas to expand investments in Mulapeta’s petrochemical hub and a Global Capability Center.

Naidu also engaged with PepsiCo International Beverages CEO Eugene Willemsen, PepsiCo Foundation Chairman Stephen Kehoe, and Bahrain’s government representatives, showcasing Andhra Pradesh’s investor-friendly policies and industrial opportunities under its ‘Speed of Doing Business’ model.

The Chief Minister also discussed opportunities in the State with Eugene Willemsen, CEO of PepsiCo International Beverages, and Stephen Kehoe, Chairman of PepsiCo Foundation.

Naidu also met Hamad Al Mahmeed, a representative of the Bahrain Prime Minister’s office, and Abdullah bin Khalifa Al Khalifa, CEO of Mumtalakat. He explained the new policies introduced by the State government for industrial development and invited them to invest in Andhra Pradesh taking advantage of its ‘Speed of Doing Business’ approach.

Andhra Pradesh Chief Minister N. Chandrababu Naidu, on his third day at the World Economic Forum in Davos, met global leaders and corporate executives to attract investments into the state.Naidu held discussions with Microsoft founder Bill Gates, exploring collaboration on an AI University, Innovation & Incubation, a Health Center of Excellence, and positioning Andhra Pradesh as South India's gateway.In a meeting with Google Cloud CEO Thomas Kurian, Naidu proposed setting up a design centre in Visakhapatnam, integrating Google’s server supply chain with a manufacturing unit in the state, and making Andhra Pradesh a hub for server maintenance. Recently, Google signed an MoU with the state to establish a Data City in Visakhapatnam and boost skill development through AI initiatives.Petronas President and CEO Muhammad Taufik discussed plans to invest Rs 13,000–Rs 15,000 crore in a green ammonia plant in Kakinada, targeting five million tonnes of annual production by 2030. The CM invited Petronas to expand investments in Mulapeta’s petrochemical hub and a Global Capability Center.Naidu also engaged with PepsiCo International Beverages CEO Eugene Willemsen, PepsiCo Foundation Chairman Stephen Kehoe, and Bahrain’s government representatives, showcasing Andhra Pradesh’s investor-friendly policies and industrial opportunities under its ‘Speed of Doing Business’ model.The Chief Minister also discussed opportunities in the State with Eugene Willemsen, CEO of PepsiCo International Beverages, and Stephen Kehoe, Chairman of PepsiCo Foundation.Naidu also met Hamad Al Mahmeed, a representative of the Bahrain Prime Minister’s office, and Abdullah bin Khalifa Al Khalifa, CEO of Mumtalakat. He explained the new policies introduced by the State government for industrial development and invited them to invest in Andhra Pradesh taking advantage of its ‘Speed of Doing Business’ approach.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement