Andhra Pradesh Chandrababu Naidu appeals to Telugu diaspora to invest in state
Andhra Pradesh
's global image was badly hit due to YSRCP's unruly policies and corrupt practices.
Naidu made an emotional appeal to Telugu diaspora to invest in Andhra Pradesh to bring it on to development track.
Naidu on Sunday addressed a mammoth gathering of over 2,500 people of the Telugu diaspora from Southeast Asia in Singapore. Telugu people from Singapore, Malaysia, Thailand, Philippines, and Indonesia atended the event. He remarked that Telugu people have adapted to the changing global scenarios. He said that the reforms brought by the TDP-led governments have transformed the lives of Telugu people.
Naidu said that the Singapore government prepared a master plan for Amaravati for free following his personal request. He said he had entrusted the construction of the seed capital Singapore govt after seeing their amazing performance in construction of townships in many countries. However, the regime change in the state in 2019 election has led to blaming the Singapore govt which created unnecessary gap with the state govt.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
No annual fees for life
UnionBank Credit Card
Apply Now
Undo
"I came to Singapore to rectify the past mistakes and set the records straight. I came to re-establish the AP brand in Singapore. I regret the inconvenience caused to Singapore during the previous regime. The Singapore government may not come forward again for the construction of seed capital, but I wanted to share the facts the political leadership of Singapore. Amaravati would have reached Singapore's level had TDP won 2019 elections," said Naidu.
Naidu said that they would ensure that such mistakes do not happen again. He said that he had great admiration and respect for Singapore. It stands as a testament to integrity and honesty. Corruption is minimal here. "We are developing a Quantum Valley in Amaravati and have announced a Green Hydrogen Valley. There is a long coastline, and many ports can be built. Port-based industries can be established on a large scale.
There will be 20 ports in AP, with the potential for 15-20 airports. There is immense scope for development. Andhra Pradesh will be the logistics hub of India. We are working with the Gates Foundation and Tata in the health sector. Many Telugu people hold key positions in prominent organisations abroad. Such individuals can share their experiences with AP. They can invest or be service providers. Whatever you wish to do, the government is ready to fully cooperate," Naidu assured.
CM assured that he would ensure direct flights are operated from Singapore to Vijayawada, Visakhapatnam, and Tirupati in AP. HRD and IT minister Nara Lokesh, municipal administration minister Narayana, Industries minister TG Bharat, NRTS chairman Dr Vemuru Ravikumar and others were also present.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
30 minutes ago
- Mint
Trump's 25% tariff threat puts $87 billion in Indian exports at risk
New Delhi: India's $87 billion export pipeline to the US is facing fresh turbulence after President Donald Trump proposed a 25% reciprocal tariff on Indian goods, escalating trade tensions just days before a pause on such duties is set to expire. The move threatens to disrupt sectors ranging from textiles and electronics to pharmaceuticals and auto parts. While details of the proposed tariffs are yet to emerge, Trump's statement, issued Wednesday, has unsettled markets and cast a shadow over India's near-term export outlook. A US delegation is scheduled to visit India on 25 August for bilateral trade talks, but the final contours of the measures remain unclear. 'While India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary trade barriers of any country," Trump said on his social media platform Truth Social. The Indian government is analysing the potential impact of the 25% tariff on exporter losses in terms of value and outbound shipments, the ministry of commerce said in a statement issued Wednesday. Madhavi Arora, chief economist at Emkay Global Financial Services, said the proposed tariffs would significantly raise the effective US duty on Indian goods from an average of 10.7% to about 22%, after factoring in higher duties on exempted sectors such as copper, steel and aluminium. This rate, she added, is already higher than what most Asian economies face, barring China. 'We do not believe the talks are over," Arora said, noting that while negotiations appear stalled, geopolitical factors may drive a fresh round of engagement. 'Even countries like the UK, EU, Japan, and Indonesia, Vietnam that signed trade pacts with the US continue to face elevated tariffs despite major concessions. These deals are, in many ways, no better than a trade war," she said. India exported goods worth $87 billion to the US in FY25, accounting for 2.3% of GDP, Arora said. Of this, five sectors—engineering goods ($19.16 billion), electronics ($14.64 billion), drugs and pharmaceuticals ($10.52 billion), gems and jewellery ($9.94 billion), and textiles ($10.91 billion)—together made up $65.17 billion. According to government estimates, about 75.3% of India's merchandise exports to the US could be impacted by the proposed tariffs. 'We've already seen front-loading of shipments in the last three months, so exports may remain tepid in the coming months unless clarity emerges," she added. Her current account model factors in a 3.5% contraction in exports, though the overall current account deficit-to-GDP ratio remains below 1%. Exporters flag rising costs 'The 25% tariff on Indian manufactured goods by the US introduces new variables for exporters, particularly in sectors such as electronics where supply chains are globally integrated," said Abhishek Malik, executive director of Calcom Vision Ltd, which exports LED lighting systems and BLDC fans. 'These measures could lead to higher cost structures and may influence future investment decisions and planning." Vipul Shah, former chairman of the Gems and Jewellery Export Promotion Council (GJEPC) and an exporter himself, said the move could materially damage shipments: 'It's a big setback for the gems and jewellery sector. The US is one of our largest markets, and if the revised tariff remains in place, exports could decline by about 30%." Rajiv Nath, forum coordinator at the Association of Indian Medical Device Industry (AiMeD), said the relative competitiveness of Indian firms may depend on how Chinese duties evolve. 'Clarity will come after 12 August, when the duties on Chinese products are expected to be finalised. They were earlier raised to over 50%, but were temporarily reduced to 30%," he said. 'If, after August, the duties on Chinese medical devices revert to over 50% while Indian goods face a 25% tariff, our export prospects versus China will improve. However, both the government and manufacturers will need to work on enhancing our competitiveness to offset the 6% disadvantage we face compared to Indonesian and Vietnamese competitors." Textile firms brace for hit amid uncertainty In the textile sector, the proposed 25% tariff, and the added risk of an unknown penalty, has weighed on sentiment, especially since industry expectations had been for a softer rate following the 90-day pause. 'This is slightly worse than expected," said Harsh Mittal, research analyst at Emkay Global Financial Services, adding that companies such as Gokaldas Exports, which derives nearly 48% of its revenue from the US, are likely to feel the most heat. SP Apparels and Pearl Global, with 25-30% exposure, may also take a hit, while KPR Mills, with under 9% dependence, could see limited impact. While textile stocks may react negatively in the near term, the sector is banking on relief from other trade agreements. The India-UK FTA, expected to be operational in a few months, and ongoing talks with the EU may help offset some market share loss in the US, Mittal said. Pharma counts on exemption, but awaits clarity Pharmaceutical players are cautiously optimistic that Indian generics may be exempted from the proposed tariffs, similar to the zero-tariff carve-out offered in the US-EU deal. Shashank Krishnakumar, pharma expert at Emkay, said Indian companies supply nearly 47% of the US generics market by volume, and any tariff shock would hurt both sides. While US-based Teva Pharmaceuticals has flagged uncertainty, most Indian players, including Aurobindo, Dr. Reddy's and Biocon, expect to continue exports regardless of tariff movements. 'Onshoring is not a viable option given the regulatory timelines and cost inefficiencies," he said. Sun Pharma's specialty drugs, largely made in Korea, may see some relief due to that country's preferential terms with the US. Auto parts makers already under pressure Auto component firms, already subject to a 25% US import duty since April, do not expect a major incremental hit unless a separate penalty tariff is imposed. Analysts flagged concerns about volume and margin pressures arising from slowing US demand and price absorption along the value chain. 'Bharat Forge has 25% exposure to the US market, and while it has local operations there, demand will still be affected," said Chirag Jain, an auto and electronics sector expert. Tata Motors' US exposure via Jaguar Land Rover is expected to remain insulated due to UK-US trade arrangements. As per Jefferies, the impact of the proposed US reciprocal tariffs will vary across sectors. In auto components, Bharat Forge (40-45% US revenue) may be more affected due to new duties on truck parts, while Sona Comstar (30-35%) sees limited impact as PV parts already face 25%. OEMs like Eicher Motors (3-4%) and Tata Motors' JLR (30-35%) face minimal risk due to low exposure or UK-EU trade cover. In capital goods, Cummins, Thermax, and KEI have 5-15% US exposure, with China as an alternate source. Chemical exporters like Navin Fluorine (24%), PI Industries (20%), and SRF (6%) could be hit due to refrigerant gas tariffs. Pharma companies, especially Biocon, Sun Pharma, and Dr Reddy's, risk a 2-8% EPS hit in FY26 unless generics are exempted, Jefferies said. Dixon, which gets around 10% revenue from the US, may see some pressure, but Syrma, Kaynes, and Polycab have low exposure. Refiners like Reliance Industries Ltd, Bharat Petroleum Corp. Ltd, and Hindustan Petroleum Corp. Ltd may be indirectly affected due to sourcing shifts. Waaree Energies, with a 59% US order book, could be impacted. In textiles, firms like Welspun, Gokaldas, and Indo Count (40-70% US revenue) face competitiveness challenges versus China, Vietnam, and Bangladesh, it said. Macroeconomic impact could be modest but real According to Goldman Sachs, the proposed 25% reciprocal tariff by the US could cause an incremental drag of about 0.3 percentage points on India's real GDP growth in 2025, on top of a previously estimated 0.2 percentage point hit if tariffs above 10% are enforced. The impact stems from India's goods exports exposure of around 4% of GDP to US final demand. Goldman also flagged indirect risks from elevated trade policy uncertainty, which could delay investment decisions by Indian firms. On earnings, the brokerage estimates a potential 2% hit to MSCI India EPS if the new tariffs are enforced, considering both direct and second-order effects. Despite this, it has not revised its 12% and 14% EPS growth forecasts for 2025 and 2026 but warns of downside risks.
Hans India
30 minutes ago
- Hans India
Jayaraju demands action: Why Is Kurnool High Court Bench still pending despite state resolution?
Kurnool: Senior Advocate Y. Jayaraju has strongly questioned the prolonged delay in establishing a permanent High Court bench in Kurnool, despite a formal resolution passed by the Andhra Pradesh State Cabinet and Legislative Assembly over eight months ago. Highlighting the historical and constitutional importance of the issue, Jayaraju emphasized that the Rayalaseema region has long been deprived of judicial and administrative institutions, despite the promises made under the Sribagh Pact of 1937. The resolution, passed in November 2024 under the NDA-led government, was intended to fulfil a key commitment to decentralised governance and regional equity. Following the resolution, the state government submitted the proposal to the Chief Justice of the Andhra Pradesh High Court, as required by constitutional procedure. Legal provisions clarify that the Chief Justice's consent is the only remaining step before the Central Government can issue a notification. The Union Law Minister has also reiterated in Parliament that the Centre is ready to notify the bench immediately upon receiving approval from the Chief Justice. The State Law Department has already complied with all procedural requirements, including submission of infrastructure details requested by the High Court Registrar in January 2025. Despite these developments, there has been no official communication from the Chief Justice or the Full Court of the Andhra Pradesh High Court regarding their decision. In June 2025, Minister Nara Lokesh once again raised the matter with the Union Law Minister, reinforcing the state's commitment. However, the absence of a response from the judiciary has left the proposal in limbo. Legal and civil society leaders in Rayalaseema argue that the delay undermines the principles of justice, accessibility, and balanced regional development. Y. Jayaraju, a noted legal figure and former Public Prosecutor, stated that the issue transcends politics and is a matter of constitutional propriety. He called on the judiciary to uphold transparency and accountability, urging the Chief Justice to clarify whether the proposal has been placed before the Full Court and, if so, what the outcome was. 'Justice delayed is justice denied,' he warned, calling upon the legal community, political representatives, and citizens to push for immediate consent and notification of the Kurnool High Court bench.
Time of India
38 minutes ago
- Time of India
Who is Mira Murati and why her entire OPEN AI team said no to Mark Zuckerberg's $1 Billion Offer
credit : Linkedin In today's rapidly evolving artificial intelligence landscape, Mira Murati has become one of the most admired and influential people, not due to public declarations or viral interviews, but due to the vision, faith, and commitment she instills. When stories broke that Mark Zuckerberg was paying $1 billion to poach her whole team to Meta's AI lab, and they all turned him down it sent shockwaves through Silicon Valley. Why would some of the brightest stars in AI turn down such an enormous payday? To understand this, we need to learn about who Mira Murati is and what she's creating. From Vlore to Silicon Valley Born in Vlorë, Albania, in 1988, Mira Murati did not have tech fame handed to her on a plate. She departed home at 16 on a scholarship to the United World Colleges in Canada and then went on to get a dual major in mechanical engineering and liberal arts from Dartmouth College and Colby College. Her professional life began at Goldman Sachs, Zodiac Aerospace, and Tesla, where she collaborated on the Model X and early versions of Autopilot. She was also at Leap Motion, going full-on AR/VR, and then became an OpenAI employee in 2018. The unassuming driving force behind ChatGPT and beyond While names like Sam Altman often take the spotlight, insiders and researchers know Mira was the technical and strategic backbone behind OpenAI's major products: ChatGPT, DALL·E, Codex, and the foundational work that would lead to GPT-4 and the real-time multimodal GPT-4o. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Libas Purple Days Sale Libas Undo In 2022, she became Chief Technology Officer. During OpenAI's turbulent November 2023 boardroom saga when Altman was briefly ousted, Mira stepped up as interim CEO and held the ship steady. Even Altman later acknowledged her vital leadership in maintaining internal morale and protecting OpenAI's mission. Building something new: Thinking machine lab In early 2025, Mira surprised the world of AI by leaving OpenAI to begin her own company: Thinking Machines Lab, a public-benefit corporation dedicated to creating "open, interpretable, and human-aligned AI." In weeks, the company had raised $2 billion at a valuation of $12 billion. Early investors included Nvidia, Cisco, Andreessen Horowitz, and even some socially motivated funds. But more striking than the money was the team she built — a group of OpenAI alumni, top researchers, and safety experts. Most of them had worked together for years, and they weren't just jumping to a new startup; they were going on vision with Murati. Enter Zuckerberg: the $1 billion bid Mid-2025, there were news reports that Mark Zuckerberg and Meta had attempted to recruit Mira's entire leadership team with an estimated offer of more than $1 billion, a package of equity, salaries, and relocation incentives. The move was straightforward: acquire Thinking Machines' talent under the umbrella of Meta AI and accelerate Zuckerberg's plans in open-source AI. But something went awry. They all said no. Not a single lead researcher or engineer defected to Meta, not even for the enormous payment. It was not loyalty, it was belief Thinking Machines Lab was not only a business; it was a mindset. The company is dedicated to creating AI tools that are transparent, customizable, and in public interest — and not merely commercial gain or algorithmic size. As led by Mira, the firm has vowed to publish technical documentation, sources of training data, and even open up portions of its models, which big tech companies shun. More than that, employees speak of trust and shared purpose. They say Murati listens, doesn't cut corners for speed, and insists on safety being built into the model from day one. That culture is calm, mission-driven, and user-centric — didn't align with Meta's approach. One insider reportedly said, 'We're not in this to build another engagement engine. We're here to build something that matters, and Mira gets it.' What does this mean for the future of AI? The spurning of a $1 billion offer sends a larger message: vision trumps money, at least for some. In a day and age where tech talent is wooed by the highest bidder, the Murati team's allegiance points to a shift in how the greatest minds are thinking about AI. Mira Murati has become an unusual type of tech leader — introverted, incredibly capable, and respected. Declining to sell out to Meta was more than a personal win. It was a turning point in the fight for the soul of AI. And in the fight, it appears Murati and her colleagues are drawing boundaries with precision and courage.
