VISAKHAPATNAM(Andhra Pradesh): After his visit to Davos to attract investments in the state by showcasing its favourable business environment, Andhra Pradesh Minister Nara Lokesh said that it was a great trip that was focused on building a reputation of the state.
“Davos was a great trip. It was all about building a reputation of Andhra Pradesh because it was present for only 1 out of 5 years whereas other states were present for all 5 years… A lot of people asked me if I could guarantee that Jagan Mohan Reddy would not win again, because of him, they were unable to invest and faced a lot of harassment. So we had to rebuild that confidence in the investor community,” Lokesh told ANI.
Andhra Pradesh Chief Minister Chandrababu Naidu’s four-day tour to Davos, Switzerland, successfully concluded on January 23, during which he interacted with several global leaders.
During his visit, CM Naidu met with top executives of 15 prominent global companies, showcasing Andhra Pradesh’s favourable business environment and policies.
#WATCH | Visakhapatnam, Andhra Pradesh: On his visit to Davos, state minister Nara Lokesh says, “Davos was a great trip. It was all about building a reputation of Andhra Pradesh because it was present for only 1 out of 5 years whereas other states were present for all 5 years…… pic.twitter.com/6iO8UuSuuh
— ANI (@ANI) January 27, 2025
He invited them to invest in the state and explore opportunities in various sectors such as pharmaceuticals, medical devices, technical textiles, and rail components, the CMO release stated.
He also attended roundtable meetings and sessions, promoting the state’s brand image and highlighting its potential for growth. He interacted with ambassadors, CEOs, and experts, discussing ways to collaborate and attract investments.
Chandrababu Naidu met with the CEOs of Swiss companies, including Swissmem, Oerlikon, Angst Pfister, and Swiss Textiles. He discussed potential collaborations and investments in various sectors.
The Chief Minister invited Swissmem to establish a research and development centre and innovation hub in Andhra Pradesh. He also requested Oerlikon to set up an advanced coating centre in the state.
CM Naidu’s recent tour has garnered significant interest from global investors, according to the CMO release.
Several prominent companies, including Maersk, Cisco, LG Chem, Carlsberg Group, and ArcelorMittal, have expressed interest in investing in the state, it added.
Maersk, the world’s largest container shipping company, is considering investing in Andhra Pradesh and CEO Vincent Clerck met with the Chief Minister to discuss potential collaborations, as per the release. (ANI)