Naidu pitches investments to Gates, CEOs in Davos

05 Feb 2025 CW Team

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.

Infrastructure Energy

17 Sep 2025

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..

Infrastructure Energy

17 Sep 2025

NTPC Plans Nuclear Power Projects Via JV and Standalone Routes

Power major NTPC is planning to develop nuclear power projects both through joint ventures and on a standalone basis, CMD Gurdeep Singh has said.The company is collaborating with nuclear technology providers and state governments to explore individual nuclear projects, Singh added.Currently, the NTPC Group has an installed capacity of 82,926 MW across 53 NTPC-owned stations and 53 joint venture or subsidiary stations, drawing power from coal, liquid fuel, hydro, and solar sources.In December 2024, Singh had announced NTPC’s ambitious plan to enter the nuclear energy sector, a move expected t..

Infrastructure Transport

17 Sep 2025

RVNL Wins $21.6 Million Bhopal Division Traction Substation

Rail Vikas Nigam (RVNL) has been declared the lowest bidder for a $21.6 million traction substation contract awarded by the West Central Railway.The project covers the design, modification, supply, erection, testing, and commissioning of a 220/132kV/2×25kV Scott-connected traction substation, switching posts, Auto-Transformer installations, and Supervisory Control and Data Acquisition (SCADA) systems in the Bina–RTA section of the Bhopal Division. The execution period is set at 540 days.In a regulatory filing, RVNL stated that the order was secured in the ordinary course of business and doe..