Deccan Region Today
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Business
Nara Lokesh Pitches For AP As India's Reliable Korean Investment Destination
Andhra Pradesh Minister Nara Lokesh on Thursday met Eui-hae Cecilia Chung, Vice Minister for Political Affairs at South Korea's Foreign Ministry, in Seoul, and pitched the state as India's most reliable destination for investments from the East Asian nation. On the fifth day of his South Korea tour, the state IT minister highlighted Andhra Pradesh's 3S governance model-speed, stability and service-assuring Korean investors of policy certainty, quick approvals and proactive government support.
Business
Tamil Nadu rolls out investment division for Non-Resident Tamils
In a move aimed at expanding its investor base and tapping the economic potential of the global Tamil diaspora, the Tamil Nadu government on Thursday (July 9) launched a dedicated Non-Resident Tamil Investment Promotion Division under Guidance Tamil Nadu, the State's investment promotion agency. The new division has been established to provide a structured facilitation mechanism for Non-Resident Tamils seeking to invest in the State, in line with the vision of Chief Minister C Joseph Vijay to strengthen Tamil Nadu's investment ecosystem and industrial growth.
Business
DP World acquires 14% stake in Maithri Aquatech
DP World, leading trade enablers and supply chain solutions provider, has acquired 14 per cent equity stake in Maithri Aquatech, a leader in atmospheric water generation technology, for undisclosed amount. The global atmospheric water generation market is on a steep upward trajectory, currently valued as part of a $100 billion water industry, with demand accelerating rapidly as freshwater scarcity intensifies across Asia, West Asia and Africa.
Telangana CM invites Canadian companies and investors for Investment Summit
Canada’s High Commissioner to India Chris Cooter met Telangana Chief Minister A Revanth Reddy and invited a chief minister-led delegation to visit Canada. The two held productive discussions focused on strengthening Canada-Telangana trade, investment, and innovation partnerships. The discussions highlighted opportunities for enhanced collaboration in major infrastructure and urban development projects underway in Telangana, including the Musi River Development Project, Hyderabad Metro Rail expansion, and the proposed Future City initiative, the Chief Minister’s office said in a release.