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Andhra Pradesh CM rolls out red carpet to Franklin Templeton

The global investment firm sets sights on Vizag
Franklin Templeton has plans to launch its operations in Visakhapatnam in case the State government provides land facing the seashore.
Franklin Templeton President and COO Jennifer Johnson informed this to Chief Minister N. Chandrababu Naidu, who called on her in California on Tuesday. She also enquired about the availability of high-end talent in AP, telecom carrier capacity, broadband connectivity and cloud infrastructure, etc.

Mr. Naidu assured her that the State government would provide land, water and power etc. to start a campus. The government was providing fiber connectivity to every house. To provide Internet services to the remotest villages, the government was working with Google X. An ecosystem was being developed in Visakhapatnam for Fintech, data analytics and processing, he said.

As far as manpower was concerned, Mr. Naidu said Franklin Templeton need not have any apprehensions. Out of every four IT professionals in the world, one was an Indian. Also out of every four Indians, one was from A.P.. Franklin Templeton could start off its operations without a second thought, he said.

“Franklin Templeton has to take the lead in setting up the campus in AP. The other companies will follow suit,” he said. In response to it, Ms. Jennifer said she needed to convince her board that high-end talent in Artificial Intelligence, data analytics and processing was available in Vishakhapatnam. She also indicated that Franklin Templeton was ready for expansion and that they would make a decision on the location soon. The Chief Minister also met Dean of Stanford University School of Medicine, Dr. Lloyd B. Minor, during the day.

During the interaction, Mr. Naidu said that he had always admired Stanford for its academic excellence and this prompted him to encourage his son to pursue higher studies there. “In fact, my daughter-in-law is also from Stanford and I claim that I am a member of the Stanford family by association,” he said.

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