Day 3, Five Meetings – PetroChem. Digital Payments. Technology

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CM’s Day 3 in Davos was filled with critical meetings aimed at prospective collaborations in the areas of petro chem, digital payments and use of technology across the sectors.

Most of these discussions led to progressive talks, with the investors requesting the AP’s state admin team to pay an onsite visit by February.

Here are the details

Meeting 1 – Mr. Amin H. Nasser, President and Chief Executive Officer, Saudi Aramco.

The Chief Minister mentioned that Andhra Pradesh is endowed with rich natural resources and also spoke on the opportunities available for investment in Andhra Pradesh.

During the discussion Mr.Nasser and his team said that they are interested in starting a refinery in India.

The Chief Minister explained about Andhra Pradesh’s interest in petrochemicals. He also informed them about the Krishna Godavari basin, the idea of Petroleum University, the technology and the skilled man force that the state has.

Aramco representatives said that they want to start a collaboration preferably with government, to which the Chief Minister said that possibilities could be explored.

The Chief Minister informed the members that land and water will be provided without any hitches. The representatives have asked the Chief Minister to send a team to Saudi to look at their facilities to which the CM has agreed. He has asked the Economic Development Board to coordinate. The company representatives will send their team to Andhra Pradesh within 15 days to study the possibilities after which the AP team will visit Saudi. The Chief Minister also invited them to get involved in the petroleum university.

Meeting 2 – Mr. Vijay Shekhar Sharma, Chief Executive Officer, Paytm.

Mr. Vijay while explaining his new business initiatives told the Chief Minister that he is keen in brining every latest initiative of the Paytm to the state of Andhra Pradesh.

Mr. Vijay mentioned that, Starting a bank, 500 million accounts by 2020 and digitally Paytm bank at every village are some of the targets the company has set. He also added that support will be extended to self employed groups by giving small loans.

During the conversation, the Chief Minister suggested that a digital university should be started in a private public partnership mode and that Andhra Pradesh will be a best partner to associate with.

Meeting 3 – Mr. Shailendra Singh, Managing Director, Sequoia Capital

Chief Minister and Mr. Shailendra Singh, Managing Director, Sequoia Capital met and discussed ways of collaboration between the state and their company.

Sequoia Capital is an American venture capital firm which mainly focuses on the technology industry. They started investing in India 11 years ago. The Chief Minister invited Sequoia capital to invest in Andhra Pradesh too.
The Chief Minister suggested that they should identify projects in Andhra Pradesh and extend funding.

“While you concentrate more on technology, and our government encouraging innovation and incubation, we can work together,” said the Chief Minister

Meeting 4 – Mr. Nobuhiko Sasaki, CEO, Fujitsu

In a meeting with Fujitsu’s Corporate Executive officer, Mr. Nobuhiko Sasaki, the Chief Minster explained the various technologies being used for development and welfare programmes in the state.

CM showed the Core Dashboard to Mr. Nobuhiko and explained how everything is monitored real time. Chief Minister inquired if they would provide sensors to collect data on soil moisture, and comprehensive devices for water level, pollution, wind speed and soil quality for increasing agricultural productivity.

The representatives from Fujitsu informed that they would send a team to Amaravati to study Andhra Pradesh’s requirements.

Meeting 5 – Mr. Jonathan Schmidt from LuminWorld

Mr. Jonathan Schmidt said that their company can supply technology for clean energy technologies even with coal. They also have solar powered salt water desalination technology and the company is also into waste management.

The Chief Minister showed interest in waste management and said that the cost of desalination should be worked out. The group will visit AP in February to explore the opportunities.

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