Tata Sons keen on investing in electric mobility scheme

Tata Sons keen on investing in electric mobility scheme

Tata Sons keen on investing in electric mobility schemeWill visit A.P. to explore investment avenues, Chairman tells Naidu in Singapore

Tata Sons Chairman Natarajan Chandrasekharan has expressed willingness to invest in the Andhra Pradesh government’s electric mobility programme and information technology and in the development of Smart Cities.

In a bilateral meeting with Chief Minister N. Chandrababu Naidu in Singapore on Friday, Mr. Chandrasekharan said he would soon visit Amaravati and work out the modalities of the Tata Group’s partnership with the State government.

Positive response

Responding to the CM’s request to expand the Tata Consultancy Services (TCS)’s operations, Mr. Chandrasekharan said he would positively look at the IT sector and other diverse opportunities offered by the State.

Later, in an interaction with the Singapore government Ambassador-at-large Gopinath Pillai, Mr. Naidu extended the invitation for a conclave of the South Asian diaspora to be held in the State in November.

In the morning, Mr. Naidu had a breakfast meeting with Singapore Minister for Trade and Industry S. Iswaran and other top officials of the local government.

The Chief Miniser apprised them on the status of the construction of capital Amaravati and discussed the way forward in areas of mutual cooperation.

He was accompanied by Ministers Yanamala Ramakrishnudu and P. Narayana, Adviser Parakala Prabhakar and AP-Economic Development Board CEO J. Krishna Kishore among others.

Roundtable

Addressing a roundtable organised by the Barclays Bank, Mr. Naidu highlighted the opportunities in the capital city project, infrastructure, agriculture and tourism and asserted that the State was making rapid strides with a double-digit growth rate and was leading other States in ease-of-doing-business.

He stated the automobile sector was one area where Andhra Pradesh stole the march over the competing States.

Barclays Bank Director Rahul Bajoria, Carlyle Group Mangaing Director (Investor Relations, Asia) Vikram Lokur, Blackrock Asia portfolio manager Ronnie Ganguly, State Bank of India Singapore Head of Investment Ajay Kumar Singh and BOBSingapore Chief Executive Officer S.K. Srivastava were present.

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