Andhra Pradesh Seeks Swiss R&D, Manufacturing Investments
ECONOMY & POLICY

Andhra Pradesh Seeks Swiss R&D, Manufacturing Investments

In a bid to boost economic growth, Andhra Pradesh's IT and HRD Minister, Nara Lokesh, invited Swiss investors and universities to establish manufacturing units and collaborate on research and development (R&D) projects in the state. During his visit to Switzerland as part of the Davos tour, Lokesh met with industrialists in Zurich and showcased the advantages of Andhra Pradesh's infrastructure, including its extensive coastline, superior connectivity, and port facilities.

The state government aims to foster innovation through the creation of hubs and incubators, encouraging technology transfers and start-up growth. Lokesh emphasized the establishment of a Swiss vocational education and training model centre in Andhra Pradesh, similar to existing programs in Pune, to support skill development among the youth.

In the pharmaceutical sector, the Minister invited global giants like Novartis, Roche, Lonza, and Alcon to set up operations in the state, highlighting Andhra Pradesh's favorable conditions for foreign investments, which are incentivized by the new industrial policy. The state offers attractive incentives for foreign investments in key sectors such as manufacturing, textiles, electronics, rail components, pharmaceuticals, and medical devices.

Lokesh also discussed the potential for a world-class golf city in the state with representatives of Stone Craft group, which is planning PGA-branded golf courses in major cities. This initiative, if realized, could significantly boost tourism and economic development, transforming Andhra Pradesh into a global sports destination.

With Amaravati rapidly evolving into a world-class city, Lokesh assured investors that all required approvals for new projects would be granted within 15 days, underscoring the state's commitment to ease of doing business.

In a bid to boost economic growth, Andhra Pradesh's IT and HRD Minister, Nara Lokesh, invited Swiss investors and universities to establish manufacturing units and collaborate on research and development (R&D) projects in the state. During his visit to Switzerland as part of the Davos tour, Lokesh met with industrialists in Zurich and showcased the advantages of Andhra Pradesh's infrastructure, including its extensive coastline, superior connectivity, and port facilities. The state government aims to foster innovation through the creation of hubs and incubators, encouraging technology transfers and start-up growth. Lokesh emphasized the establishment of a Swiss vocational education and training model centre in Andhra Pradesh, similar to existing programs in Pune, to support skill development among the youth. In the pharmaceutical sector, the Minister invited global giants like Novartis, Roche, Lonza, and Alcon to set up operations in the state, highlighting Andhra Pradesh's favorable conditions for foreign investments, which are incentivized by the new industrial policy. The state offers attractive incentives for foreign investments in key sectors such as manufacturing, textiles, electronics, rail components, pharmaceuticals, and medical devices. Lokesh also discussed the potential for a world-class golf city in the state with representatives of Stone Craft group, which is planning PGA-branded golf courses in major cities. This initiative, if realized, could significantly boost tourism and economic development, transforming Andhra Pradesh into a global sports destination. With Amaravati rapidly evolving into a world-class city, Lokesh assured investors that all required approvals for new projects would be granted within 15 days, underscoring the state's commitment to ease of doing business.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?