CBN Davos tour: CM Chandrababu’s Davos tour- YCP described coalition parties and investment as success, satirized

CBN Davos tour: AP CM Chandrababu and Minister Lokesh’s team visited Davos for the purpose of investment and held meetings with representatives of more than 30 major companies for four days. Government sources and coalition parties say that CM Chandrababu has promoted the brand image of AP to raise an investment of 30 lakh crores. It is being told that CM Chandrababu’s Davos tour was successful. However, the opposition YCP criticizes that not a single agreement has been signed and AP has not received any investment. Criticized the Davos Yatra as unsuccessful.

The team of AP CM Chandrababu attended the World Economic Forum Conference held in Davos, Switzerland with the aim of investing in Andhra Pradesh. Top companies of the world participate in this conference and pave the way for their business expansion. Government representatives of many countries including India compete to provide these opportunities. CM Chandrababu and Minister Lokesh, who reached Davos for investment, held sequential meetings with the CEOs of the major companies, their representatives and management directors from day one. During the four -day visit, members of the team of CM Chandrababu and Minister Lokesh met representatives of more than 30 major companies.

Captains of companies

To improve the brand image of AP, CM Chandrababu mentioned technology, infrastructure development and green energy at the Davos Conference. AP has been promoted as an ideal destination for investment. Representatives of famous companies spoke about investment opportunities, government policies and innovations in AP. He gave information about opportunities in AP in areas such as advanced infrastructure, digital technology projects and organic agriculture. Along with this, many companies have shown interest in investing in AP. CM Chandrababu’s team informed the representatives of the companies about the opportunities in the fields of IT, AI, pharma, data hub and green energy.

Clean power policy

Envision CEO Lee Jung met AP Minister Nara Lokesh in Davos. Minister Lokesh said that we are working on the goal of creating employment opportunities for seven and a half lakh youth by earning an investment of Rs 10 lakh crore in the field of green hydrogen by 2030. Lee Jung said that AP Integrated Clean Energy Policy-2024 is also encouraging the manufacturing of renewable energy industry components. Its purpose is to make AP a green hydrogen hub. Investment has come in that direction. Minister Lokesh said that a plant is being set up at a cost of Rs 1.87 lakh crore in Visakhapatnam with NTPC and Jenko.

Promote AP brand image

A team led by CM Chandrababu and Minister Lokesh went to Davos … and promoted the brand image of AP to raise an investment of about 30 lakh crores. The merits of AP were told to industrialists, representatives of various countries and CEOs of famous companies. Along with this, many companies have shown interest in investing in AP. Minister Lokesh met Neeraj Kanwar, Vice Chairman and Managing Director of Apollo Tires. He wanted to set up a new tire manufacturing unit in Andhra Pradesh. He appealed to establish a research and development center in the state to contribute to tire technology innovations and AP knowledge economy.

Investment competition

AP and Telangana investment compete for attraction. However, companies have shown interest in investing in Hyderabad, already known as a metropolitan city. The MoU of investment has been signed to this extent. Agreements were not signed as AP’s capital Amravati has not yet fully developed and is not interested in investment in Visakhapatnam. The coalition government works fast for the development of the capital. Government leaders say that in the coming days, investment in AP including Amravati will come. However, during the meetings at Davos, companies have shown interest in investing in AP.

Criticism of YCP

YCP criticized CM Chandrababu and Minister Lokesh’s visit to Davos. AP satirized that no investment was made during the visit to Davos and no agreement was signed. He alleged that thousands of crores of rupees have come in neighboring states and companies are not taking interest in investing in Andhra Pradesh. It has been criticized that law and order in the state is not good and that is why investors are not interested in coming to Andhra Pradesh. Satire does not have at least one deal.