AP has abundant opportunities for investments in petrochemical sector: Naidu

Andhra Pradesh has abundant opportunities for investments in petrochemicals and oil sector, observed Chief Minister N. Chandrababu Naidu on Thursday.

The Chief Minister held meetings with representatives of oil companies and explained to them over the available opportunities in the State in Dubai.

As part of his UAE tour on the second day he met ADNOC global trading representative Ahmed Bin Thalit in Al Maryah island of Abu Dhabi and explained to him over the available opportunities for investments in petrochemical, oil, LNG, gas processing, port logistics and green energy sectors in Andhra Pradesh.

He said surrounding places of Krishnapatnam, Machilipatnam, Ramayapatnam and Kakinada ports are more suitable for investments in petroleum products.

Both the parties decided to prepare a road map for technical cooperation between ADNOC and Andhra Pradesh.

Later the Chief Minister met Abu Dhabi Chamber of Commerce Chairman Ahmed Jasim Al Zaabi, G 42 International CEO Mansoor Al Mansoori and discussed with them on ease of doing business and speed of doing business opportunities in Andhra Pradesh.

He said the services of quantum computer will be available in Amaravati from January. He invited them for Visakha CII partnership summit.

Participating in a luncheon meeting with industrialists in Abu Dhabi, the Chief Minister explained on his aim to make Andhra Pradesh a technology destination. He also explained on the opportunities available for investments in data centres, AI, machine learning, fintech, health tech, cloud computing and digital governance in Andhra Pradesh. He said the innovation eco system will be further strengthened in Andhra Pradesh with the help of Rata Tata Innovation Hub.

He proposed a working group for coordination between Technology companies in UAE and Andhra Pradesh. G42 CEO Manukumar Jain, ADIC global head Lalit Agarwal, IHC CEO Ajay Bhatia, WIO bank CEO Jayesh Patel, Polygon Morphic CEO Jayanti Kanani, Trukker CEO Gowrav Biswas, Policy bazaar CEO Yashis Dhiya, Insurance market CEO Avinash, Inshorts CEO Azar Iqubal, GII CEO Pankaj Gupta, Noon CEO Faraz Khalid, Inception CEO Ashish Koshy and others participated.

Ministers BC Janardhan Reddy, TG Bharath and Economic Development Board officials were present.