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Babu holds talks with Russia's leading Sun group

Tue, Jul 12, 2016, 05:50 PM
Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday held a bilateral meeting with the SUN Group in Russia. SUN Group is a leading principal investor and private equity fund manager in Russia, India and other emerging markets.

Chandrababu met Pradnyil Usgaonkar, Director, Operations and Member of Board, ELCOM group, which is a part of global SUN group. The Chief Minister showed interest in creating a Russian-tyope industrial cluster when Pradnyil informed that their company was keen on exploring the possibilities of investments in Andhra Pradesh. Stating that ELCOM operates in aerospace communication and electronics, Pradnyil showed interest to bring technology which would generate more finance.

Later, the Chief Minister elaborated on the opportunities available in Andhra Pradesh and said AP was No. 2 in the ease of doing business in India and has good resources and skilled labour.

Earlier in the day, Russian Prime Minister Dmitry Medvedev met Chandrababu Naidu, Devendra Fadnavis and Vasundhara Raje, Chief Ministers of AP, Maharashtra and Rajasthan, respectively.

Union Minister for Commerce & Industry Nirmala Sitharaman and Indian Ambassador to Russia Pankaj Saran were also present.

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