Andhra Pradesh Seeks Swiss R&D, Manufacturing Investments

24 Jan 2025 CW Team

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.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..