Andhra Pradesh Gets Huge Investments on Day 3 of WEF in Davos

May 26, 2022, 10:27 IST

Davos: On the third day of World Economic Forum(WEF), Andhra Pradesh has bagged Rs 65,000 crore investments for generating 14,000 mw green power providing employment to over 18000 people and three MoUs were signed in the presence of Chief Minister YS Jagan Mohan Reddy. A green energy based SEZ would be coming up at Machilipatnam. In green energy sector alone the State has signed MoUs worth Rs 1.25 lakh crores during the Summit.

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Andhra Pradesh

YS Jagan Mohan Reddy

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Amid fears of economic fallout and a broader trade war with multiple countries, American President Donald Trump on Thursday postponed 25% tariffs on many imports from Mexico and some parts from Canada for a month. Even though the White House insists that the tariffs imposed are to stop the smuggling of fentanyl, Trump's tax proposal has wounded the decades-long partnership between America and its allies - Mexico and Canada.