Andhra CM seeks AI Singapores cooperation to establish innovation centres
As part of an endeavour to develop the southern state as an emerging AI hub, the chief minister met professor Mohan Kankanahalli, deputy executive chairman, AI Singapore.
"Naidu, committed to developing Andhra Pradesh as an emerging Artificial Intelligence hub, continued focused efforts during his third day in Singapore. On Tuesday, he met with Prof. Mohan Kankanahalli seeking their cooperation to set up AI research and innovation centers in the state," said an official release.
Stressing the importance of prioritising partnerships between AI Singapore and universities and research institutions in Andhra Pradesh, Naidu proposed launching AI training programmes, exchange initiatives and skill development modules for students across the state.
Deliberations chiefly revolved around the use of AI in sectors such as healthcare, agriculture, education, and public services.
The CM and Kankanahalli explored opportunities in technology promotion, deep tech, and AI innovation, the release said.
Further, the TDP supremo also met with NG Lin Wilin, senior vice president of SIA Engineering to deliberate on the upcoming airports in the state and sought cooperation for Maintenance, Repair and Overhaul (MRO) services.
Naidu briefed the SIA representatives on the TDP-led NDA government's newly introduced industry-friendly policies while showcasing the wide-ranging opportunities in the aviation sector.
He invited the company to visit Andhra Pradesh to explore potential investments.
Responding positively, Wilin assured that a delegation would be sent to the state soon, the release said.
The Andhra Pradesh government is keen to establish a world-class MRO centre by leveraging the expertise and technology of companies such as SIA Engineering. Visakhapatnam and Krishnapatnam have been identified as suitable locations for this initiative, the release added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
19 minutes ago
- Mint
Delhi CM tables FY24 finance report in assembly; shows 55 pc drop in revenue surplus
New Delhi, Aug 4 (PTI) The revenue surplus of the Delhi government under AAP rule in 2023-24 declined by 55 per cent as compared to the preceding fiscal, said a CAG report tabled in the Monsoon session of the assembly by Chief Minister Rekha Gupta on Monday. Gupta tabled the Comptroller and Auditor General (CAG) reports on 'Finance Accounts and Appropriation Accounts of the Delhi for the year 2023-24. The report pointed that although the revenue receipts of the government dropped, the gross state domestic product (GSDP) at current prices grew at an average pace of 8.79 per cent during the last five years from ₹ 7.93 lakh crore in 2019-20 to ₹ 11.08 lakh crore in 2023-24. There was 9.17 per cent growth in GSDP in 2023-24 from the previous year 2022-23. Also, the budget outlay of Delhi increased at an average growth rate of 7.14 per cent from ₹ 64,180.68 crore in 2019-20 to ₹ 81,918.23 crore in 2023-24, said the report. It further said the revenue surplus of Delhi government in 2023-24 decreased from ₹ 14,457 crore to ₹ 6,462 crore, registering a fall of 55.30 per cent over 2022-23. The fiscal deficit, however, went down from ₹ 4,566 crore in 2022-23 to ₹ 3,934 crore in 2023-24, it said. The report of the CAG on the finances of the Delhi government for the year 2023-24, provided an overview of its finances, budgetary management and quality of accounts, financial reporting practices. The report noted a receipt-expenditure mismatch indicating rising fiscal stress. The report further showed that the Delhi government's revenue expenditure between 2019-20 and 2023-24 increased from ₹ 39,637 crore (5 per cent of GSDP) to ₹ 50,336 crore (4.54 per cent of GSDP). It consistently made up a significant portion ranging from 81 per cent (2021-22) to 83 per cent (2023-24) of the total expenditure during this period, growing at an average annual rate of 6.51 per cent, added the report.
News18
28 minutes ago
- News18
YSRCP blames Andhra govt for fertilizer shortage
Last Updated: Amaravati, Aug 4 (PTI) The YSRCP on Monday accused the Chief Minister N Chandrababu Naidu-led coalition government of ignoring farmers' needs and allegedly failing to ensure fertilizer supply during kharif season. Despite the beginning of kharif season, farmers are struggling as the government has failed to provide essential fertilizers, it said. 'The government has once again proved its inefficiency. RBKs are dysfunctional and farmers are anxious. Chandrababu calls agriculture a waste," the party said. 'The TDP-led NDA government has shown its inefficiency once again by not making the fertilizers available though the Kharif season has set in," said YSRCP in a release. The opposition party alleged that the current government deliberately destroyed the Rythu Bharosa Kendras (RBKs), launched by the former CM YS Jagan Mohan Reddy, thus placing 'farmers in great distress across the state". The promised supply of urea and other fertilizers was not provided, said YSRCP, alleging that this betrayal enabled black-marketing to flourish at farmers' expense. The YSRCP will continue to champion farmers' rights, as agriculture remains a key priority for the party under Reddy's leadership, it said. It further alleged that the NDA coalition government is not treating farming as a vital sector and declared that the party will expose the failures and fight for justice to cultivators. PTI MS KH (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 04, 2025, 22:45 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.
Time of India
33 minutes ago
- Time of India
Currency watch: Rupee drops 48 paise to 87.66 against dollar; FII outflows, tariff worries drag
AI image The rupee plunged 48 paise to close at 87.66 against the US dollar on Monday, weighed down by persistent foreign fund outflows, global trade concerns, and rising dollar demand from oil importers. The Indian currency opened at 87.21 and touched an intraday low of 87.73 at the interbank foreign exchange market before settling 48 paise lower from its previous close of 87.18. On Friday, the rupee had staged a sharp rebound of 47 paise, PTI reported. Forex traders attributed the pressure to renewed fears over a wider trade disruption after US President Donald Trump's tariff measures resurfaced. Demand from oil marketing companies also added to the rupee's weakness. 'We expect the rupee to remain weak amid uncertainty over the India-US trade deal and foreign institutional investor (FII) outflows,' said Anuj Choudhary, Research Analyst, commodities and currencies, Mirae Asset Sharekhan. 'However, weakness in the US dollar amid chatter over rate cut expectations in the US due to weak economic data may support the rupee at lower levels,' he added. Choudhary expects the USD-INR pair to trade in a range of 87.40 to 88. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bogota: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Traders are now eyeing factory order data from the US and the Reserve Bank of India's upcoming monetary policy. The six-member Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, began its three-day meeting on Monday. The outcome of the rate decision will be announced on Wednesday. Brent crude futures fell 1.06% to $68.93 per barrel as OPEC+ confirmed a production hike from September, while softening demand expectations in the US and tariff risks also weighed. The US dollar index, which measures the greenback's strength against six major currencies, was down 0.37% at 98.77. Dilip Parmar, Senior Research Analyst at HDFC Securities, said the rupee's fall was also driven by foreign fund withdrawals and liquidity adjustments linked to a maturing $5 billion forex swap conducted by the RBI. "The forward premium rates also jumped to reflect the potential interest rate differential between the US and India after Friday's jobs data," he noted. US non-farm payroll data showed the economy added just 74,000 jobs in July, well below expectations of 106,000. The June figure was sharply revised to 14,000 from the earlier estimate of 147,000 — increasing pressure on the Federal Reserve to cut interest rates. Despite the currency weakness, Indian equities ended higher. The BSE Sensex gained 418.81 points to close at 81,018.72, while the Nifty climbed 157.40 points to 24,722.75. FIIs remained net sellers, pulling out Rs 2,566.51 crore from domestic equities on Monday, as per exchange data. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
