May 10, 2007
Chief Minister of Indian State of Andhra Pradesh on trade mission in California
“A popular state leader from India is on a trade mission in California. The idea is to forge new alliances between California’s Silicon Valley and the booming Indian economy. The popular Chief Minister of Andhra Pardesh, India is making a splash in Silicon Valley. Dr. Y.S. Rajasekhara Reddy comes armed with a trade video touting his southern region of India, and desire for new investment. Chief Minister Dr. Y.S. Rajasekhara Reddy, State of Andhra Pradesh: ‘So the synergy’s we have with California, we want to enlarge for that the synergy’s we have with Silicon Valley, we want to enlarge with that.’ India predicts its demand for semiconductors will be a $35 billion dollar market by 2015. Many Silicon Valley companies are already there and expanding, others are moving in… This is a busy day for the Chief Minster. After networking in Silicon Valley, he went to Sacramento to meet with Governor Arnold Schwazenegger and then back to San Jose for an event tonight with Lt. Governor John Garamendi… Chief Minister Dr. Y.S. Rajasekhara Reddy, ‘The Californians they should try to go into more research and more value added things and try to outsource less important things to developing countries like us and have it be a win-win situation for both.’ Dr. Reddy may not be able to sell his ideas to everyone, but he is eager to sell Andhra Pardesh India to California.”
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