Visakhapatnam to emerge as Andhra Pradesh’s growth engine: CM Chandrababu

The duo discussed Keppel’s prior engagement in Amaravati’s development and explored renewed opportunities for collaboration. Mr. Naidu invited Keppel to take part in developing projects across IT, commerce, and housing sectors in Visakhapatnam, which he envisions as the future growth engine of Andhra Pradesh.

Later, Mr. Naidu held talks with Bryan Yeo, Chief Investment Officer of GIC, one of Singapore’s largest sovereign wealth funds. The discussion focused on long-term partnerships and stable investments in the state, particularly in real estate, industrial development, urban infrastructure, healthcare, education, and civic amenities. The Chief Minister assured GIC that Andhra Pradesh would provide a supportive ecosystem for sustainable investments in these critical sectors and emphasized the vast potential the state holds.

In a separate meeting, Mr. Naidu met  Kuok Khoon Hong, Chairman and CEO of Wilmar International, a global agri-business giant. The two leaders explored investment opportunities in food processing, edible oils, and agri-infrastructure. Mr.  Naidu proposed that Wilmar can collaborate with the state to build a value-based agricultural market that directly benefits farmers and boosts the agro-economy. In response, Wilmar expressed keen interest in deploying its technological capabilities to support these efforts..