VIJAYAWADA: IT and electronics minister Nara Lokesh held a collection of conferences with Canadian {industry} leaders, pension fund executives, expertise heads and enterprise representatives on the fifth day of his US-Canada tour.
Assembly Prem Watsa, CEO of Fairfax Monetary Holdings, Lokesh sought help for expediting the Kuppam greenfield airport, and invited the corporate to put money into AP’s tourism and hospitality sectors. He proposed Fairfax subsidiary Sterling Resorts to look at the potential for endeavor a large-scale resort undertaking in Nallamala, modelled on Panama Metropolis in Florida, to spice up eco-tourism.
Watsa stated Fairfax, valued at 30 billion and working throughout a number of continents, has invested in Bengaluru Worldwide Airport, the nationwide inventory trade and Sanmar Chemical substances. He promised to look at AP’s proposals.
Lokesh met Tim Downing of the Canada Pension Plan Funding Board and highlighted AP’s huge photo voltaic and wind power potential. He stated the federal government aimed to remodel the state right into a renewable power hub.
The minister urged the oard to discover investments in inexperienced power tasks, ports, logistics and coastal infrastructure, toll roads and transport networks and concrete improvement in Amaravati. He additionally briefed the board on AP’s newly fashioned Grasp Funds to draw institutional traders.
Downing stated the board managed `700 billion in property globally with investments in 65 nations. He promised to think about Lokesh’s proposals.
In a gathering with John Radko, senior vp of OpenText, Lokesh sought investments in AI, quantum computing and enterprise data administration techniques. He requested OpenText to launch talent improvement and internship programmes for AP’s youth. Radko stated the corporate, with sturdy operations in India, is extending its “AI-first” cloud and automation options into Tier-2 cities and would research AP’s proposals.
The IT minister additionally met Kapidhwaj Pratap Singh, India’s consul normal in Toronto, and representatives of the Canada–India enterprise council. He stated Andhra Pradesh has turn into India’s high industry-friendly state with 21-day single-window clearances and `23.5 lakh crore investments within the final 18 months.
The consul normal famous that India–Canada commerce has reached `30.9 billion and Canada is prioritising cooperation in clear power, meals processing, provide chains, AI, IoT, ports, roads and airports. He promised his help for AP’s progress.
In his assembly with Victor Thomas, CIBC president, Lokesh showcased AP’s emergence as a hub for AI and quantum tech, and referenced Google’s latest `15 million funding in an AI hub and knowledge centre in Visakhapatnam. Thomas promised continued help to advertise Canadian investments in Andhra Pradesh.
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