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.
PM in Manila: Aligning act east, Indo-Pacific & MAHASAGAR policies
Prime Minister Narendra Modi will visit Manila for the ASEAN Summit, focusing on strengthening India's partnerships. The growing competition in the Indo-Pacific requires ASEAN countries to seek reliable collaborations with India. Maritime cooperation, educational exchanges, and renewable energy initiatives are critical areas for future collaboration.
Donald Trump, Xi Jinping and Vladimir Putin plan unprecedented joint meeting on APEC sidelines, White House and Kremlin say
Trump has warmly embraced Xi after coming to a truce in their short-lived trade war last year and in spite of differences over the U.S. war with Iran and other tensions between the world's foremost economic powers. Similarly, Trump has sought to build his relationship with Putin, even as the Russian leader has persisted in his nearly 5-year-old war with Ukraine and as Moscow has deepened its military, intelligence and diplomatic partnership with Iran.
US must respect India's right to defend itself: Former US Secretary Blinken
Antony Blinken outlined the importance of US recognition of India's right to self-defense against terrorism. He highlighted the fundamentally different nature of US relationships with India and Pakistan. Blinken emphasized the necessity of a zero-tolerance policy towards terrorism and support for India's defense mechanisms. He discussed the historical depth of India's ties with Russia, advocating for ongoing collaboration.
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.
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A bitter African feud, a leadership battle and Macron's diplomatic tightrope in Cambodia
Emmanuel Macron is scheduled to attend a summit of French-speaking nations in Cambodia starting Saturday. The meeting will address various international challenges, including tensions from an African conflict. Leaders from around 20 countries, including Canada and Vietnam, will also be present at the summit. France's influence will be significant in selecting the new secretary-general for the organization.
Trump, Xi and Putin plan an unprecedented joint meeting on the sidelines of APEC, White House says
The three leaders may meet during the Asia-Pacific Economic Cooperation summit. This unprecedented summit is expected to focus on nuclear arms discussions and regional tensions. While no significant agreements are anticipated, the meeting symbolises their ongoing diplomatic engagements.
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.
Karnataka weighs AI infra, funding push for women-led startups after founder feedback
The Department of Electronics, IT & Biotechnology hosted a Women Entrepreneurs' Mixer on Thursday, bringing together startup founders and ecosystem leaders to discuss the challenges of building and scaling technology, DeepTech and biotechnology ventures.
Indian PM Modi to attend ASEAN summit in Manila from November 16 to 17
Indian Prime Minister Narendra Modi will be visiting the Philippines on November 16 and 17. He will attend the summit of the Association of Southeast Asian Nations in Manila during his visit. India is recognized as a strategic partner of the ASEAN grouping, which consists of 11 member countries. The member countries include Thailand, Vietnam, Laos, and Cambodia among others.
MEA says "power grid integration" with ASEAN is promising as India eyes deeper digital cooperation
India is looking to solidify partnerships with ASEAN countries in digital public infrastructure and telecommunications. The country seeks to leverage its experience in power grid integration for regional energy security. Prime Minister Narendra Modi's upcoming visit to the Philippines will coincide with the 49th ASEAN Summit. Various world leaders will participate in discussions on regional cooperation and challenges.
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.
What is ASEAN and why does the bloc matter amid global tensions?
Major powers will join a summit next week of Southeast Asian nations hosted by the Philippines against one of the most complex backdrops for the regional bloc, from the Iran war that has battered economies to the growing US-China rivalry.
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.
Piyush Goyal to visit Egypt with big business delegation; India eyes trade, investment partnerships
Commerce Minister Piyush Goyal will visit Egypt next week with a large business delegation to explore investment and collaboration in sectors including startups, fintech, pharmaceuticals and automobile components. The visit comes as India seeks to deepen its strategic engagement with West Asia and position Egypt as a gateway to African, Arab and European markets.
Putin will not be invited to Britain's G20 summit, UK PM Burnham says
British Prime Minister Andy Burnham stated that Russian President Vladimir Putin will not receive an invitation to the G20 summit. This summit will take place next year in November in Manchester. Despite being a member, Putin's participation remains contentious due to international tensions over Russia's actions in Ukraine. US Secretary of State Marco Rubio previously indicated an invitation for Putin to a G20 meeting in Miami.
IREDA seeks global funding partnerships to lower borrowing costs for green projects
IREDA is aiming to collaborate with global banks and investors for long-term green financing initiatives. Renewable energy developers in India face high borrowing costs compared to those in developed markets. The country requires significant investment to achieve its renewable energy capacity goals by 2030. Concerns regarding land acquisition and transmission infrastructure continue to pose challenges for developers. Disruptions in power generation can substantially impact project finances and repayment capabilities.
Renewable energy key to India's energy security, German envoy Jasper Wieck says
Germany underscores the critical role of renewable energy in fortifying energy security for India. During recent discussions, German Ambassador Jasper Wieck highlighted the necessity for India to domestically produce solar panels and batteries. The Bharat Renewable Energy Summit is instrumental in establishing partnerships between Indian and German firms for local production.
India elected as President of International Solar Alliance for third straight term: Pralhad Joshi
Addressing media at the summit, Joshi said, "At the ninth session of the ISA, we reaffirm a fundamental belief: progress becomes truly meaningful when its benefits are shared". He congratulated France on the occasion of being reelected co-President of the ISA.
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