7 months ago
Lokesh Seeks Tech and Energy Investments at Davos
Nara Lokesh, the IT and HRD minister of Andhra Pradesh, met with leaders from Meta, Scale AI, JERA, Zerodha, Brookfield Asset Management, and Accenture at the World Economic Forum in Davos.
He proposed various initiatives to attract investments in AI, digital infrastructure, and clean energy in Andhra Pradesh.
These include setting up an AI Centre of Excellence, AI Safety Lab, and a Centre of Excellence for Reality Labs in Visakhapatnam.
He also sought support for AI literacy, talent development, and WhatsApp-based digital governance.
Additionally, he discussed green ammonia production, solar-wind hybrid projects, and battery storage facilities.
Lokesh invited Accenture to establish a Global Delivery Centre in Visakhapatnam, focusing on artificial intelligence, cloud services, and digital operations.
He also proposed Accenture's partnership in the Amaravati Quantum Valley and linking Accenture’s Innovation Lab with the Ratan Tata Innovation Hub.
All companies agreed to consider the proposals internally.
Nara Lokesh met with leaders from Meta, Scale AI, JERA, Zerodha, Brookfield Asset Management, and Accenture at Davos.
Proposed initiatives include an AI Centre of Excellence, AI Safety Lab, and a Centre of Excellence for Reality Labs in Visakhapatnam.
Lokesh sought support for AI literacy, talent development, and WhatsApp-based digital governance from Meta and Scale AI.
Discussions with JERA focused on green ammonia production, solar-wind hybrid projects, and clean energy investments.
Brookfield Asset Management committed $12 billion in investments in Andhra Pradesh, focusing on energy, digital infrastructure, and clean energy.
- Who
- Nara Lokesh, Trevor Thompson, Kelvin Martin, Yukio Kani, Nikhil Kamath, Connor Teskey, Manish Sharma
- What
- Proposals for AI, digital infrastructure, clean energy investments, and a Global Delivery Centre in Andhra Pradesh
- Where
- Andhra Pradesh, India
- When
- During meetings at the World Economic Forum in Davos
- Why
- To attract long-term investments in digital infrastructure, clean energy, and emerging technologies
Key facts
- Minister
- Nara Lokesh
- Companies
- Meta, Scale AI, JERA, Zerodha, Brookfield Asset Management, Accenture
- Location
- Visakhapatnam, Andhra Pradesh
- Proposed Initiatives
- AI Centre of Excellence, AI Safety Lab, Reality Labs Centre, Green Ammonia Production, Solar-Wind Hybrid Projects, Battery Storage, Solar Cell Manufacturing, Financial Literacy Programme, Global Delivery Centre, Quantum Computing Applications, Ecosystem Development, Startup Support, Innovation Lab Partnership
- Accenture's Focus
- Artificial Intelligence, Cloud Services, Digital Operations, Quantum Computing, Gen AI, Extended Reality (XR), Blockchain
- Accenture's Investment
- $3 billion in AI over three years
- Accenture's Training Target
- 80,000 AI-focused professionals this financial year
- Brookfield's Investment
- $12 billion in Andhra Pradesh
- Brookfield's Focus
- Energy, Digital Infrastructure, Real Assets, Clean Energy, Energy Transition, Data Centres
Timeline
Lokesh met central ministers, pushing Rajahmundry's development.
Then, he pitched industrial projects, highways in London.
His London success lured Meta, Scale AI to Visakhapatnam's IT, AI sectors.
Lokesh proposed AI, clean energy centers in Visakhapatnam at Davos.
Quotes
N. Chandrababu Naidu
Chief Minister of Andhra Pradesh
“Interactions at Davos provided valuable insights into global industrial shifts and the evolving outlook of multinational corporations. The platform also helped AP benchmark its investor-friendly policies and refine its long-term economic strategy.”
deccanchronicle.com
“International companies were showing far greater interest in India this time. He attributed this to India’s youthful workforce, stable leadership and forward-looking policies, which are creating new opportunities across various sectors.”
deccanchronicle.com
Mohit Joshi
CEO and MD of Tech Mahindra
“Tech Mahindra would examine the proposals, noting that the company had already partnered with the state to establish India’s first state-wide Cyber Security Operations Centre.”
deccanchronicle.com
Stephen A Schwarzman
Chairman and CEO of Blackstone
“Blackstone would study the proposals. He said the firm was already developing a 500 MW hyperscale data centre campus near Navi Mumbai with an investment of about `20,000 crore.”
deccanchronicle.com
Aiman Ezzat
CEO of Capgemini
“Capgemini planned to hire 45,000 professionals in India to build an AI- and cloud-ready workforce and would consider the state’s proposals.”
deccanchronicle.com
Sources
T’gana govt signs MoUs for major investments during WEF, also highlights 2047 vision
Lokesh woos Meta, Scale AI, JERA, Zerodha
Lokesh pushes clean energy in talks with Brookfield at Davos
Naidu Sees Davos as a Window to Global Industry Trends
India Showcases 3 Key Objectives Of Upcoming 'AI Impact Summit' At Davos
Lokesh Pitches Accenture Global Delivery Centre For Visakhapatnam
Lokesh Seeks Academic Collaboration With Cambridge University
Telangana Launches Aikam, Global AI Innovation Entity at WEF
Lokesh Pitches Scale AI, Meta Partnerships for Vizag at Davos
DAVOS: Lokesh Projects AP As Future-Ready Hub For Digital Innovation
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