Naidu once coined the slogan "Bye-bye Bangalore, hello Hyderabad" to further this aim and his government allotted lands and laid the foundations for major IT parks such as L&T Infocity Ascendas Park, Cyber Gateway, Raheja Mindspace Madhapur IT Park, and CyberPearl IT Park to partake in the IT industry boom. Naidu, at a press conference, discussed his plan to develop the state of Andhra Pradesh by making the major cities showpieces for foreign investment, especially in "key sectors such as information technology, biotechnology, healthcare, and various outsourcing services" and gave a brief PowerPoint presentation to Bill Gates that convinced him to establish Microsoft Corporation Research and Development (R&D) in Hyderabad, the company's second-largest research and development campus outside the United States, a significant milestone in Hyderabad's bid to become an information technology hub.