logo
Exclusive: Chandrababu Naidu Says "Good Friend" Bill Gates Initially Refused To Meet Him

Exclusive: Chandrababu Naidu Says "Good Friend" Bill Gates Initially Refused To Meet Him

NDTV2 days ago

New Delhi:
Andhra Pradesh Chief Minister N Chandrababu Naidu, often credited for making Hyderabad an IT hub, has shared insights into how Microsoft co-founder Bill Gates became his 'good friend' after initially refusing to meet him for the first time.
In an exclusive interview with NDTV, Mr Naidu said that he and Bill Gates are currently working on a 'very interesting' and 'game-changer' project in the health sector.
Mr Naidu shared that Bill Gates was in New Delhi during the 1990s when he was serving as the Chief Minister of Andhra Pradesh. Mr Naidu wanted to meet him, but was informed by officials that Bill Gates was busy and "didn't have any work with politicians.".
Mr Naidu remained adamant and informed the tech billionaire that he wanted to share a few ideas with him.
'Then he (Gates) offered me to come and join the cocktail party. At that time, there was a stigma that if you go there, you are also in that party. So, I said no,' Naidu said.
After 'great difficulty,' Bill Gates agreed to meet Chandrababu Naidu for 10 minutes. The 75-year-old worked hard to prepare a presentation for a week. During their meeting, the Andhra CM highlighted the "strength of India'.
"Everything I explained to him," Mr Naidu added.
Mr Gates was "very much impressed" by the presentation. He asked the chief minister how he could help. To this, Mr Naidu replied, 'Don't do anything for me. You believe in India, and also don't forget about Indians."
Mr Naidu told the Microsoft co-founder that if he was planning a development centre outside of Seattle, then he should consider Hyderabad. A proposal that became reality in 1998.
Although Mr Gates granted only 10 minutes to Mr Naidu, the meeting lasted for 45 minutes. Mr Naidu also went to Seattle to hold a discussion with Mr Gates, which was followed by a joint press conference.
MrNaidu shared that this is how he "cultivated" his friendship with the tech billionaire. The result was Microsoft's first development centre outside Seattle.
"This is how things will happen dramatically sometimes. Now he has become a good friend. Recently, he came and we had a very good meeting," Mr Naidu told NDTV in the exclusive interview.
On their new project, Mr Naidu shared that the Gates Foundation is looking forward to working on three core sectors -- health, agriculture and education.
He stated that this is aimed at making health "totally" online, making real-time monitoring possible with AI, among others.
"That will be very interesting. It will be a gamechanger in the health sector," he added.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How do you de-risk from outliving your savings?
How do you de-risk from outliving your savings?

The Hindu

timean hour ago

  • The Hindu

How do you de-risk from outliving your savings?

In today's world a nagging question for many Indians is, Will I have enough money to last through retirement? It's a valid worry. Life expectancy, already about 72.5 years, is expected to cross 85 by the end of this century. At the same time, healthcare costs are rising. And inflation? That's silently eroding the value of our money year after year. A recent survey showed nearly 4 out of 10 working Indians fear they might outlive their savings. So, what can you do? Long retirement years If you retire at 60 and live till 85-90, retirement can easily last 25-30 years. That's almost equal to your working life. Let's say you plan to spend ₹50,000 a month in retirement or ₹6 lakh a year. Over 30 years it's ₹1.8 crore without accounting for inflation. Now add inflation at, say, 6%. That ₹50,000 monthly budget could become ₹1.6 lakh in 20 years. And that's why you need more than a 'big enough' retirement corpus. You need a strategy that helps your income keep up with rising costs. Let's look at some key risks which can erode your wealth. Think ₹1 crore is enough? At 6% inflation, the real value of that corpus halves in 12 years. To counter the effects of inflation, you should keep a portion of savings invested in inflation-beating assets that invest in equity market. Unit-Linked Pension Plans are specifically designed to help you build a retirement corpus which helps generate guaranteed income after retirement. These plans work best if you start investing early. A ULIP Pension Plan has two phases: Accumulation phase and payout phase. During working years, you accumulate a big corpus by investing regularly and earning market-linked returns on the investments. And when you retire, you can withdraw a certain portion (up to 60%) of corpus tax-free and also get regular guaranteed income from balance amount. A great feature is you can invest in a mix of equity and debt funds and switch between them. So you can stay equity-heavy in accumulation phase for faster growth and when nearing retirement you can remain debt-heavy to preserve capital. Medical inflation Healthcare costs in India are rising by 12–14% annually. This problem has a simple solution: health insurance. A comprehensive health insurance policy with lifetime renewability can ensure you won't have to dip into savings for any medical emergency. You must also explore topping up your insurance plan. Longevity risk If you've planned finances to last till 80 but live till 90, you could run out of money. The guaranteed regular income from Pension ULIPs on maturity ensures you get income for life irrespective of age. Withdrawals Pulling out big chunks for lifestyle expenses or emergencies early in retirement can put strain on future needs. Unit Linked Pension Plans ensure at least 40% of corpus is set aside to give you guaranteed return for life, thus securing your retirement. Thus, Pension ULIPs help you to counter these risks by providing the flexibility of partial withdrawals allowed for specific life events while the discipline of ensuring 40% of corpus is always set aside to give you guaranteed returns for life ensures you never run out of money. The rest can be withdrawn tax-free under Section 10 (10A) and Clause 23AAB of Income Tax Act, 1961 You can also consider National Pension Scheme (NPS), a government-backed plan which allows up to 75% of contributions to be invested in market-linked instruments with balance in safer debt options. Once you hit 60, at least 40% of the corpus goes into an annuity, giving a steady, guaranteed income for life. A checklist Figure out how much monthly income you need to live a comfortable life post retirement. Then use the 4% rule to arrive at the corpus size. For example, if you need ₹50,000 every month, then you need a corpus of ₹1.5 crore. But if you are expecting to retire after a decade or two, you need to adjust this number for inflation. Rupee cost averaging Markets go up and down. But over time, consistent investing pays off. By consistently investing in unit linked pension plans you ensure you earn higher number of units when markets fall and lower number of units when markets rise. This helps grow your corpus irrespective of market conditions. That's rupee cost averaging. So start early, stay consistent and let compounding do its magic. Investing early Starting to invest early helps save more and investments get time to grow. With right planning, retirement can be one of the most rewarding chapters of your life. (The writer is head, Investments,

Shiv Sena MP Shrikant Shinde leads all-party delegation in Liberia
Shiv Sena MP Shrikant Shinde leads all-party delegation in Liberia

India Gazette

timean hour ago

  • India Gazette

Shiv Sena MP Shrikant Shinde leads all-party delegation in Liberia

Monrovia [Liberia], June 2 (ANI): Group 4 of the all-party delegation, led by Shiv Sena MP Shrikant Shinde, visited several cultural and historical sites in Liberia as part of the ongoing Operation Sindoor diplomatic outreach. The delegation began its visit by paying tribute to former Liberian President William Tubman. Shinde and other members offered floral respects at Tubman's grave. Tubman, remembered as the 'father of modern Liberia', served as the country's president for nearly three decades and is credited with modernising its institutions. Next, the group later visited the National Museum of Liberia in Monrovia. Officials from the Liberian government presented a detailed account of the country's history, culture, and heritage. Members of the delegation interacted with museum curators and were briefed on Liberia's post-independence development and political legacy. The delegation also visited the Gurudwara Sahib in Monrovia and offered prayers. On Saturday, the group 4 of all party delegation reached Liberia on Saturday (local time), where they were warmly welcomed by the Representative and Chairman of the Executive of the House of Representatives of Liberia, Sekou S Kanneh and Ambassador of India to Liberia Manoj Bihari Verma. Welcoming the delegation, Sekou S. Kanneh extended their support to India in its fight against terrorism. Speaking with ANI, he said, 'We welcome our counterpart from India, and we stand with them in a fight against terrorists. We have our share of war. We don't want any more trouble in West Africa. Terrorists are our number one enemy. So we stand with our colleagues from India in the fight against terrorists. Unfortunately, this is going on, but the entire world needs to stand together to fight against terrorists,' Sekou S Kanneh said. Shiv Sena MP Shrikant Shinde expressed gratitude for the warm welcome of the delegation in Liberia. He emphasised the India and Liberia ties. 'The Indian delegation has reached Liberia... I am very much grateful to the Liberian government for a warm welcome. Liberia also has a very good bilateral relationship with India for a period of time, and we hold special positions for each other... This message of peace, this message of zero tolerance against terrorism, the message of our Prime Minister Narendra Modi, and the message from 1.4 billion Indians will be best appreciated in Liberia,' Shinde said. The delegation has reached Liberia as part of India's efforts to reach out to partner countries to highlight its fight against cross-border terrorism and its policy of zero tolerance to terrorism. The delegation led by Shinde also includes BJP MP Atul Garg and Manan Kumar Mishra, BJD MP Sasmit Patra, Indian Union Muslim League's ET Mohammed Basheer and former Ambassador Sujan Chinoy. The delegation aims to brief international partners on India's response to the April 22 Pahalgam terror attack and its broader fight against cross-border terrorism while engaging with leaders. (ANI)

"Good interaction with Indian community in Spain, it was heartwarming experience": DMK MP Kanimozhi
"Good interaction with Indian community in Spain, it was heartwarming experience": DMK MP Kanimozhi

India Gazette

timean hour ago

  • India Gazette

"Good interaction with Indian community in Spain, it was heartwarming experience": DMK MP Kanimozhi

Madrid [Spain], June 2 (ANI): Dravida Munnetra Kazhagam (DMK) MP Karunanidhi, who is leading the all-party delegation to Spain, described interaction with the Indian community a 'heartwarming experience' and noted that the kind of understanding the Indians in Spain had that they belong to India and how they want to fight against terrorism was a 'positive message' and very promising.' The all-party delegation interacted with the Indian diaspora in Spain and reaffirmed India's unwavering commitment to peace in the face of terrorism, the Indian Embassy in Spain said on Sunday. After interacting with the Indian diaspora in Spain, Kanimozhi said, 'It was a very good interaction with the Indian community in Spain. We have a large number of Indian diaspora in Spain, just not the first generation people, it's people who've lived here, who are born and brought up here. Yet they came together to meet with the Indian delegation that had come here. And it was a very heartwarming experience and the kind of understanding they had and the feeling of, you know, that they belong to India and how they want to fight against terrorism, that was a very, very positive message, we'll be taking back with us and it was very promising.' She also talked about the delegation's schedule in Spain, wherein the Members of Parliament will be meeting the country's Foreign Minister, parliamentarians and think tanks. She spoke about the meeting with a 26//11 Mumbai attack survivor. On the delegation's upcoming meetings in Spain, Kanimozhi said, 'We'll be meeting with the Foreign Minister. We will be meeting with the think tanks, parliamentarians and many people. Today, we actually met with the person who was at the Taj Hotel when it was attacked by terrorists who escaped and he was sharing his experiences with us. Tomorrow, it's a very important day and we will as a delegation be talking to lawmakers and policymakers about India's stand and what we expect from Spain and we'll also be explaining about what is happening and we'll be answering any questions they have also.' 'The All-Party Parliamentary Delegation visiting Spain interacted with Mr Arturo Fernandez Alvarez, a Spanish businessman, who is a survivor of the horrible terror attacks that took place in Mumbai on 26 November 2008. Mr Arturo joined the delegation in condemning the menace of terrorism,' Indian Embassy in Spain posted on X. Meanwhile, SP MP Rajeev Rai expressed hope that India will give a stronger response to Pakistan if it commits a terrorist attack again. He stated that Pakistan has a puppet government and the country needs to be isolated. 'Wherever we have gone, every country said we are with India in this fight against terrorism...I hope that if Pakistan commits any terrorist attack again, we won't do the ceasefire this easily; the ceasefire should be done only after giving a befitting reply to cunning Pakistan, because you can't make the wicked learn through love. During the interaction, I told the story of Pakistan from 1947 to under Imran Khan-led government. Terrorism is in the DNA of army uses government is a puppet government and I have been explaining this to the world, that whom should one talk to, as the government there is a puppet government. Pakistan needs to be isolated. I think the government has the support of the people and all the parties, and the government's response will be stronger if Pakistan dares to misbehave again,' he told ANI. According to the Indian Embassy in Spain, the all-party delegation, during the interaction with the Indian diaspora, emphasised that India will lead the global fight against terrorism, upholding the values of peace and resilience. In a post on X, the Indian Embassy in Spain stated, 'The All-Party Parliamentary Delegation had an insightful interaction with the Indian diaspora, reaffirming India's unwavering commitment to peace in the face of terrorism. They emphasised that India will lead the global fight against terrorism, upholding the values of peace and resilience.' The all-party delegation, led by Kanimozhi, includes Rajeev Rai (Samajwadi Party), Brijesh Chowta (BJP), Prem Chand Gupta (Rashtriya Janata Dal), Ashok Kumar Mittal (Aam Aadmi Party), and Former envoys Manjeev S Puri and Jawed Ashraf. Earlier, the all-party delegation paid floral tributes to Mahatma Gandhi's statue in Madrid. The delegation is on the final leg of its multi-nation visit as part of the Modi government's big diplomatic outreach following Operation Sindoor. In a diplomatic outreach following Operation Sindoor, the Modi government has formed seven multi-party delegations to inform nations about Pakistan's links to terrorism and India's strong message of zero tolerance for terrorism in all its forms and manifestations. The delegation aims to brief international partners on India's response to the April 22 Pahalgam terror attack and its broader fight against cross-border terrorism. Operation Sindoor was launched on May 7 as a decisive military response to the April 22 Pahalgam terror attack by Pak-sponsored terrorists in which 26 people were killed. Indian Armed Forces targeted terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir, leading to the death of over 100 terrorists affiliated with terror outfits like the Jaish-e-Mohammed, Lashkar-e-Taiba, and Hizbul Mujahideen. (ANI)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store