VISAKHAPATNAM: Holding of global summits influences the pace of development in backward regions like north coastal Andhra Pradesh, said Fisheries and Animal husbandry Minister, Seediri Appalaraju, at the Global Tech Summit on its second day here on Friday.
Reiterating that Visakhapatnam would be made the executive capital of the state, the minister said the city of port and steel would also strive to become the IT hub of southern India. Digital technology helped immensely in dairy development in AP and it enhanced the quality of reproduction of livestock, he said.
“AP tops other states in the use of digital technology,’’ the minister told the delegates, adding that the state was an ideal place for investments.
He said 2,000 bulk milk cooling points have been established in AP and the state had tied up with the Gujarat Dairy Development Cooperative Society for quality milk production and distribution at economy rates. Moreover, new technology has created fresh opportunities for entrepreneurs and small businesses, and these are contributing much to the state’s economy, the minister said.
The second day of the summit saw participants from across the globe discussing the latest trends and developments in technology. The summit is supported by the Indian Angel Network, New York Equity Forums, Hyderabad Angels, and private equity investors. It is becoming a platform for startup ecosystems to raise funds from investors.
Dr. Srinubabu Gedela, co-convenor of the Global Tech Summit and CEO of Pulsus Group, expressed his excitement about the series of events that covered a range of topics including artificial intelligence, machine learning, cyber security, block chain and fintech. Procedures for the start of around 20 startups were finalised on Friday while around 100 startups showcased their innovations.
The field of animal husbandry has benefited from technological advancements such as automated milking machines, which have reduced labour costs and improved efficiency, the summit was told.
Dr TV Narayana, president of the Indian Pharmaceutical Association, suggested that a balance can be achieved by supporting the development of generic drugs, which are more affordable than branded drugs.
