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Japanese company KUAMC keen on developing Tirupati

Kumi Umi Asset Management Company (KUAMC) has expressed willingness to explore opportunities in development of Tirupati, expanding eastwards.

Published: 20th January 2017 04:38 AM  |   Last Updated: 20th January 2017 04:38 AM   |  A+A-

By Express News Service

VIJAYAWADA: Kumi Umi Asset Management Company (KUAMC) has expressed willingness to explore opportunities in development of Tirupati, expanding eastwards.

Yasuyo Yamazaki of KUAMC, in a discussion with Chief Minister N Chandrababu Naidu at Davos, said they were interested in Tirupati since they had experience in developing Varanasi, a temple town in India. The KUAMC also said it wants to invest in sectors including housing, employment and agriculture.

He said he could involve a consortium of Japanese companies which could invest up to US $15 to $20 billion. Impressed by the presentation, Naidu asked them to come up with a clear road map. He also held talks with General Atlantic managing director Sandeep Naik, who said they were interested in first generation entrepreneurs and want to explore possibilities for funding start-ups.



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