Latest news with #SMBC
Hans India
a day ago
- Business
- Hans India
CM woos corporate giants for mega projects in AP
Vijayawada: Chief Minister Nara Chandrababu Naidu on Wednesday urged global corporate leaders to invest in Andhra Pradesh and become key partners in the progress of the state. On the final day of his four-day visit to Singapore, the Chief Minister held a series of high-level meetings with senior representatives from leading multinational corporations. During these meetings, he highlighted Andhra Pradesh's abundant resourcesand vast opportunities for business growth. Naidu also presented the Andhra Pradesh government's comprehensive strategic development plans, detailing targeted regions and specific implementation approaches to the visiting business leaders. He also engaged in focused discussions with key representatives from CapitaLand Investment (India), Mandai Wildlife Group, Sumitomo Mitsui Banking Corporation (SMBC), and Temasek Holdings to explore significant investment opportunities across various sectors, according to a statement. In his conversations with Sanjeev Das Gupta and Gaurishankar Nagabhushan of CapitaLand Investment (India), Naidu held discussions on real estate projects, industrial parks, data centers, green buildings, and digital townships. The Chief Minister highlighted the potential for developing IT parks and plug-and-play workstations in cities like Amaravati, Visakhapatnam, and Tirupati. He also outlined plans to leverage the state's ports and airports for economic growth and introduced the Hyderabad-Bengaluru-Amaravati-Chennai Airport Economic Corridor. CapitaLand representatives, who have invested in approximately 30-35 per cent of IT parks in Hyderabad, expressed strong interest in further investments across Andhra Pradesh's real estate and industrial sectors. During a meeting with the Mandai Wildlife Group, the Chief Minister discussed initiatives related to wildlife parks, eco-tourism, biodiversity complexes, and wildlife experience zones. Naidu proposed collaboration to boost eco-tourism in areas such as Visakhapatnam and Tirupati, a suggestion welcomed by CEO Mike Barclay. The potential to replicate Singapore's Garden City and zoo park models in Andhra Pradesh was also explored. The Chief Minister shared plans to develop 'Dolphin City' in Visakhapatnam and a Botanical Garden in Amaravati, expressing his desire for a partnership with Mandai Wildlife Group on these projects. CEO Barclay expressed readiness to invest in these and other sectors within the state. The Chief Minister held detailed discussions with Rajeev Kannan, Managing Executive Officer of Sumitomo Mitsui Banking Corporation (SMBC), focusing on investment opportunities in industry, infrastructure, green energy, and urban development. He outlined strategic projects such as the Drone City, Defence, and Civil Aerospace Corridor, planned for the Lepakshi and Orvakallu regions. The talks also covered financing options for these projects. The Chief Minister sought SMBC's support for green energy initiatives and the development of industrial corridors, to which Kannan expressed keen interest in infrastructure lending and clean energy investments. In a key meeting with Dinesh Khanna, Joint Head of Portfolio Development and Corporate Strategy at Temasek Holdings, Naidu sought support for the growth of MSMEs in Andhra Pradesh. Temasek Holdings showed strong enthusiasm to partner with the state government in promoting MSME development. The Chief Minister also underscored the value of collaboration with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to accelerate progress. Discussions also covered the potential for joint venture projects across diverse sectors. Naidu highlighted the wide-ranging opportunities available in Andhra Pradesh across green energy, food processing, healthcare, technology, and sustainable infrastructure. Temasek Holdings expressed a willingness to explore signing Memoranda of Understanding (MOUs) in these areas.
News18
a day ago
- Business
- News18
CM Naidu wraps up Singapore visit, invites global investment in Andhra
Amaravati, Jul 30 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday concluded his visit to Singapore, holding a series of meetings with global corporations and financial institutions to present the state's strategic development plans and invite investments in key sectors. On the final day of his visit, Naidu met with representatives from CapitaLand Investment (India), Mandai Wildlife Group, Sumitomo Mitsui Banking Corporation (SMBC), and Temasek Holdings to explore investment opportunities in infrastructure, green energy, real estate, and eco-tourism, according to an official press release. 'I urge global corporate leaders to invest in Andhra Pradesh and become integral partners in the state's progress," Naidu said. In a meeting with CapitaLand officials, Sanjeev Das Gupta and Gaurishankar Nagabhushan, the CM proposed the development of IT parks, industrial townships, data centres, and digital hubs in Amaravati, Visakhapatnam, and Tirupati. CapitaLand representatives said the company has invested in 30-35 per cent of Hyderabad's IT parks and expressed interest in expanding operations across Andhra Pradesh. Naidu also discussed plans for the Hyderabad-Bengaluru-Amaravati-Chennai Airport Economic Corridor and outlined strategies to integrate seaports and airports into economic zones. In his meeting with Mandai Wildlife Group CEO Mike Barclay, Naidu proposed eco-tourism projects such as 'Dolphin City' in Visakhapatnam and a botanical garden in Amaravati. He invited collaboration on wildlife parks and biodiversity experience zones, drawing inspiration from Singapore's Garden City and zoo models. Barclay expressed interest in investing in the sector, the release added. During discussions with Rajeev Kannan, managing executive officer of SMBC, the chief minister outlined investment opportunities in industry, clean energy, and infrastructure. He also briefed the SMBC team on proposed drone and defence-aerospace hubs in Lepakshi and Orvakallu, and sought support for green project financing and industrial development. Kannan responded positively to exploring infrastructure lending and clean energy collaboration, it further said. In another meeting, Naidu met Dinesh Khanna, joint head of Portfolio Development at Temasek Holdings, to discuss the growth of Micro, Small, and Medium Enterprises (MSMEs) and potential joint ventures with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC). Temasek reportedly showed interest in MSME development, with discussions covering green energy, technology, and sustainable infrastructure. Naidu said the state is ready to sign agreements with global players in sectors such as food processing, healthcare, and infrastructure. According to the release, Naidu and his delegation participated in 26 meetings and roundtable discussions during the visit, focusing on investments, urban development, artificial intelligence, fintech, ports, and infrastructure. He also met Singapore President Tharman Shanmugaratnam and other senior ministers, extending an invitation to participate in the upcoming Global Investors Summit scheduled for November in Andhra Pradesh. Naidu is scheduled to return to Hyderabad at 10.30 pm and will proceed to Vijayawada later in the night, it added. PTI MS STH SSK ROH view comments First Published: July 30, 2025, 22:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
2 days ago
- Business
- The Hindu
Singapore visit: CM Chandrababu Naidu aims to attract strategic investments into Andhra Pradesh in real estate, green energy, eco-tourism sectors
On the fourth day of his official tour to Singapore on Wednesday (July 30, 2025), Andhra Pradesh Chief Minister N. Chandrababu Naidu held a series of high-level meetings with top executives from global investment firms and institutions. The discussions spanned a wide array of sectors including real estate, infrastructure, green energy, and eco-tourism. The Chief Minister met representatives of CapitaLand Investment (India), Mandai Wildlife Group, Sumitomo Mitsui Banking Corporation (SMBC), and Temasek Holdings, aiming to attract strategic investments into Andhra Pradesh. During his meeting with Sanjeev Das Gupta and Gowrishankar Nagabhushanam of CapitaLand Investment (India), Mr. Naidu explored opportunities in real estate projects, industrial parks, data centers, green buildings and digital townships. He highlighted the potential for developing IT parks and plug-and-play workspaces in cities such as Amaravati, Visakhapatnam and Tirupati. CapitaLand officials responded positively, stating that they consider Andhra Pradesh a priority destination for future investments. In a separate meeting with Mike Barclay of Mandai Wildlife Group, Mr. Naidu discussed collaboration in developing wildlife parks, eco-tourism circuits, biodiversity complexes, and immersive wildlife experience zones. Barclay expressed keen interest in investing in these sectors within the State. Further, Mr. Naidu engaged in talks with Rajeev Kannan, Managing Executive Officer of Japan-based SMBC, regarding industrial development, urban infrastructure, and green energy. Discussions also included potential financial partnerships for ongoing and upcoming infrastructure projects. SMBC expressed a strong interest in finance, infra lending, and clean energy financing in Andhra Pradesh. Mr. Naidu also met Dinesh Khanna from Temasek Holdings. Their dialogue focussed on green energy, food processing, health care, technology, and sustainable infrastructure development. Temasek expressed readiness to expand investments across these sectors in the State. Mr. Khanna also indicated that the company would consider formalising investments through Memorandums of Understanding with the Government of Andhra Pradesh.
Nikkei Asia
3 days ago
- Business
- Nikkei Asia
SMBC to set up $300m fund for US fintech, AI startups
SMBC and Fin Capital's corporate venture capital fund will support financial technology startups. (Photo by Yuki Nakao) MASAYUKI SHIKATA TOKYO -- Sumitomo Mitsui Banking Corp. (SMBC) will establish a $300 million venture capital fund in partnership with a U.S. asset manager to invest in artificial intelligence and fintech startups, the Japanese lender announced Monday. The new SMBC Fin Atlas Beyond Fund will be set up in partnership with asset manager Fin Capital. SMBC will provide most of the funding, with plans to run the fund for 10 years.
Bloomberg
3 days ago
- Business
- Bloomberg
SMBC Plans SRT Tied to $8 Billion of Loans Made to Private Funds
Sumitomo Mitsui Banking Corp. is sounding out investors for a significant risk transfer tied to a portfolio of loans to private market funds, according to people familiar with the matter. Bankers at SMBC are discussing a SRT linked to about $8 billion of subscription lines, a type of credit that is typically extended to private equity and other private market funds to help them manage liquidity, said the people, who asked not to be identified because the matter is private.
