Andhra Pradesh Chief Minister Chandrababu Naidu has a long-standing tradition of attending the World Economic Forum (WEF) in Davos, Switzerland, often accompanied by his son and AP IT Minister Nara Lokesh. This year, Lokesh, who arrived in Switzerland to participate in the summit, shared his perspective on the purpose and significance of these annual trips.
In an interview with a business channel, Lokesh clarified that the Davos visits are not just about showcasing investment MoUs. “We can sign multiple MoUs for publicity, but that defeats the real purpose. The summit provides a platform to engage with global players and understand emerging trends in technology and employment,” he explained.
The IT minister emphasized that the summit allows the administration to gain insights into evolving tech trends and pose important questions to business leaders. Highlighting a tangible outcome, Lokesh noted that the recent Google mega-investment in Vizag began with discussions at Davos in 2025, which later translated into concrete progress.
Lokesh’s remarks underline that the Davos trips are focused on exploring global opportunities and understanding industry dynamics, rather than merely generating media headlines through non-functional MoUs. This also explains why the AP government signed relatively few MoUs in 2025, despite meetings with influential figures such as Bill Gates and other top executives.
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