Naidu invites Lockheed Martin and Airbus to set up units in AP

22 January 2016

During the 2nd day of Davos tour, AP CM, Chandrababu attended 20 meetings with the fortune 100 company officials on Thursday.

He met with the Japan Trade Organization (JETRO) Chairman and CEO, Hiroyuki Ishige on Thursday evening.

Earlier in the day, Mr. Naidu held a meeting with Marilyn Hewson, Chairman and CEO of Lockheed Martin, an American global aerospace, defense and security and advanced Technology Company. Babu explained the Lockheed Martin team about the resources in AP, geographic advantages, investor friendly government policies etc. He asked them to look into the possibility of setting up a manufacturing unit for the defense equipment. Babu is thinking that this is a right time to establish the relationship and invite Lockheed Martin as the company is looking to move some of its units from Texas to India and searching for a suitable location.

After that, Babu in a meeting with the Airbus CEO, said that they would provide required basic facilities at Anantapuram near Bangalore and the CEO said they would visit AP in the next three months to discuss further.

During one of his meetings, the Hero Motors representatives gave an update to Babu that Naidu that they would very soon announce the date for ground breaking ceremony of their plant in the State.

Mr. Naidu, was the special guest at the CII Investor meet along with Finance Minister Yanamala Ramakrishnudu. Naidu explained the industrialists during this meeting that Andhra Pradesh is gifted with rich mineral sources, agricultural yield and 2nd longest coastline in India and the skilled manpower is a great strength. Mr. Naidu said that the State listed a growth rate higher than the national average which is 7.5 while the average global growth rate is just 2.5.

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