CII PARTNERSHIP SUMMIT
Andhra Pradesh inks 9 MoUs for Rs 4,100 crore space-defence push
At the 31st CII Partnership Summit in Visakhapatnam on 12-13 November 2026, the Andhra Pradesh Economic Development Board signed nine MoUs covering rocket engines and test beds, satellites, missiles, explosives, aerospace manufacturing, flight training and heliports. Eight of them propose investments totalling Rs 4,100 crore and 6,865 direct jobs on about 1,472 acres in Sri Sathya Sai, Tirupati, Nellore and Visakhapatnam. The ninth is a five-year strategic partnership with Pawan Hans to develop and operate heliports across the State.
Andhra Pradesh plans Visakhapatnam entertainment hub, Rana Daggubati to partner with state
Visakhapatnam is set to develop as a center for films, digital content, and gaming in Andhra Pradesh. Actor-producer Rana Daggubati has pledged to collaborate with the state government on this initiative. Minister Nara Lokesh emphasized the importance of creating a complete ecosystem for the entertainment industry. The plan includes building infrastructure for studios, production, and post-production facilities.
Investors favour states offering better incentives as Andhra Pradesh secures Rs 9.89 lakh crore in MoUs: N Chandrababu Naidu
With Tamil Nadu and Andhra Pradesh competing aggressively to attract investments from each other, Naidu sought to put the controversy to rest, saying all 28 states compete for investments.
CleanMax to invest Rs 50,000 crore in AI compute, renewable energy projects in Andhra Pradesh
CleanMax will allocate Rs 50,000 crore towards establishing a renewable energy and AI compute facility in Andhra Pradesh. Partnering with Neysa, a 2 GW AI computing center will rise in Kurnool district, set to provide 1,000 jobs by March 2028. This ambitious plan also includes generating 3 GW of wind, 2 GW of solar, and 1 GW of hydro storage energy, transforming Andhra Pradesh's technological landscape.
Andhra Pradesh urges Walmart to expand sourcing from MSMEs, women-led SHGs, artisans
Andhra Pradesh's IT and HRD Minister Nara Lokesh met with Walmart's Paul Dyck to discuss local procurement expansion. The state is asking Walmart to source goods from MSMEs, women-led groups, and artisans. Recommendations include hosting an MSME sourcing event focused on seafood and textiles, which would connect local producers to global markets. Dyck acknowledged Walmart's existing purchases from Andhra Pradesh and expressed willingness to consider the state's proposals.
ReNew bets Rs 80,000 cr on Andhra Pradesh’s green data centre, clean energy push
ReNew Energy Global Plc will make significant investments in Andhra Pradesh, focusing on clean energy and digital infrastructure. The company plans to establish a 1 GW green hyperscale data centre in Anakapalli and develop polysilicon manufacturing facilities. Additionally, it aims to set up a permanent magnet manufacturing facility in Rambilli, increasing domestic manufacturing capabilities. ReNew will also collaborate with the Andhra Pradesh government on technical skilling initiatives.
Astrobase to invest Rs 800 crore in Andhra Pradesh to expand rocket testing facility
The company has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to add 339 acres to the facility. The expanded infrastructure will support launch vehicle stage development, static hot-fire testing, stage-level hop tests and reusability validation.
Piyush Goyal pitches India as safe investment haven amid global turmoil, highlights $85 trillion market access
Union Minister Piyush Goyal highlighted India's commitment to global investors through stable policies and fair laws. He emphasized that India has signed trade agreements benefitting nearly $70 trillion of global GDP, expanding market access for its goods and services. Goyal assured investors about intellectual property protection, underlining that technology is not appropriated. He noted India's reliability demonstrated during the COVID-19 pandemic by supplying essential goods to over 100 countries.
Union Minister K Rammohan Naidu praises 'Modinomics' for India's economic growth at CII Summit
Union Minister K Rammohan Naidu emphasised India's economic growth during the 31st CII Partnership Summit in Visakhapatnam. He attributed this growth to the leadership of Prime Minister Narendra Modi, coining the term 'Modinomics'. Naidu highlighted the transformation in global economic landscapes and emphasized India's potential with its young population and innovation capabilities. He mentioned the civil aviation ministry's extension of the UDAAN scheme aimed at enhancing connectivity.
SLN Coffee to set up Rs 3,500 crore food processing unit in Andhra Pradesh, its first plant outside Karnataka
SLN Coffee, based in Coorg, signed an MoU with the Andhra Pradesh government for a significant investment. This ambitious plan aims to establish a food processing unit which will create around 3,400 jobs. The company's Levista brand has gained traction across South India since its launch in 2017. SLN Coffee also plans to scale up manufacturing and exports under Project Horizon.
Use FTAs to build joint ventures, explore investment opportunities: CII President to industry
R Mukundan, the CII President, stressed the crucial role of Free Trade Agreements (FTAs) in fostering joint ventures and enhancing investment prospects. He noted India's resilient economic growth, even faced with global challenges like geopolitical tensions and elevated energy prices. The broadened scope of India's FTAs promises to enrich economic interactions and spur advancements in emerging technologies such as AI and biotechnology.
Kia India to invest $2 billion in Andhra Pradesh plant, target 6.3 lakh-unit capacity
Kia India plans to invest $2 billion to establish a new manufacturing facility in Andhra Pradesh. This expansion aims to increase the annual production capacity to 6.3 lakh vehicles. The automaker's existing facility in Anantapur, which opened in 2017, currently has a capacity of 4.3 lakh units. Kia's CEO, Gwanggu Lee, announced the expansion during the CII Partnership Summit.
CII summit puts spotlight on Naidu's importance as key NDA ally, Centre's show of strength
The CII Partnership Summit is scheduled for November 12-13 in Visakhapatnam, featuring key Union ministers and the Vice-President of India. This event aims to solidify N Chandrababu Naidu's role as a crucial ally of the NDA. Naidu will deliver the keynote address while discussions will focus on various economic issues. Ministerial participation will showcase potential investment opportunities in Andhra Pradesh.
India must leverage AI, cultural soft power to shape global media industry: Rajan Navani
India has the potential to leverage its cultural heritage and creative capabilities for economic growth in various sectors. Rajan Navani emphasized the collaboration required among industry and government to achieve this vision. The focus is on using artificial intelligence responsibly to improve creativity in the media landscape. Educational institutions play a role in fostering skills in emerging technologies and engaging audiences.
MSMEs need to focus on quality, cost to gain from new FTAs: Secy
India's expanding network of free trade agreements is creating new opportunities for MSMEs to grow. The MSME ministry emphasizes the need for improved quality and cost competitiveness to access these opportunities. Moreover, government support for first-time exporters through practical assistance is crucial for success. It is essential to enhance certification participation and upgrade testing infrastructure to meet international standards.
BRICS summit: 37 deep-tech innovations on display at Bharat Innovates Exposition on Sep 11-12
India's 37 deep-tech innovations are showcased at the Bharat Innovates Exposition in New Delhi. This event occurs on the sidelines of the upcoming BRICS summit, highlighting advanced technologies. The exposition aims to foster global collaboration and investment in India's innovation ecosystem. Participating startups will gain access to BRICS leaders, investors, and business opportunities.
Andhra Pradesh clears decks for new defence, warship building unit
Andhra Pradesh has approved a new defense and warship facility at Machilipatnam. Goa Shipyard Limited will invest ₹8,000 crore in this significant expansion project. This new facility will be the PSU's first venture outside its home base in Goa. Preparatory work begins next month, with trial production expected by January 2028. Commercial production for the first phase is slated to commence in May 2028.
National security filters imperative for investments: Jaishankar
Policy makers should prioritize national security in economic decisions and create reliable partnerships. Global challenges like the Covid-19 pandemic, US-China tensions, and the Russia-Ukraine conflict increase insecurity, Jaishankar said. Collaborations are essential for progress. Dr S Jaishankar emphasized the need for skill enhancement, innovation, and manufacturing efficiency.
CII Partnership Summit this week to be chaired by Piyush Goyal
The 28th edition of The CII Partnership Summit is being held in conjunction with B20, the Business Engagement Group of G20, for which CII is the designated secretariat.
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