Andhra Pradesh Chief Minister N Chandrababu Naidu, during his second day participation in the annual summit of the World Economic Forum, held at Davos, on Wednesday, met several CEOs of the top-notch business houses and tried to persuade them to invest in the residual State.
When Chandrababu Naidu met David Cheesewright, president & CEO of Walmart International, and discussed on areas of collaboration with him, according to the AP government, the retail giant agreed to work with the AP government on five key areas. According to the AP government, the five areas of collaboration that were agreed upon between Walmart and the State government are - technology, retail sector, exporting of agricultural products, social projects and lending a helping hand to the DWACRA women.
The Chief Minister’s meeting the Walmart global chief raises an eyebrow for the Telugu Desam Party was not favourable towards this retail giant’s operations in India. Moreover, Walmart had expressed last week that it was tough to business in India. Walmart is planning to open retail stores in AP to promote and purchase 'Made in Andhra' products. Apart from this, the retail major will help the AP government in exporting agricultural and horticulture products. The company identified 20 agricultural and horticultural products for this purpose. Organically grown will be sourced from the farmers and exported to international markets.