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.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement