AP Seeks Russian Investment in Steel Transport and Digital Infrastructure
ECONOMY & POLICY

AP Seeks Russian Investment in Steel Transport and Digital Infrastructure

Education and IT minister Nara Lokesh continued investment outreach in Russia, meeting industrial and transport leaders to solicit projects in Andhra Pradesh's manufacturing, logistics, mobility and technology sectors. He invited the Russian metallurgical firm Novostal-M to establish an Electric Arc Furnace (EAF) steel plant in Andhra Pradesh to produce premium rebars and wire rods. He proposed additional metal industry investments, including a structural section and railway track rolling mill at Sri City, owing to its rail connectivity and proximity to the Chennai–Bengaluru industrial corridor.

He also sought investment for a galvanised hardware wire manufacturing unit serving automotive and shipbuilding sectors, and proposed a joint venture to develop a raw material logistics hub with dedicated waterfront berths. He encouraged collaboration on low-carbon steel production linked to renewable energy corridors and advanced manufacturing solutions. Novostal-M officials indicated the company produces two point eight million (mn) tonnes (t) of steel annually and exports to more than 60 countries, and would examine the proposals presented by the state.

Lokesh met the president of Russian conglomerate Sistema to outline partnerships in electric river metro projects, green hydrogen and ammonia initiatives, satellite ground stations, autonomous maritime technologies, Artificial Intelligence (AI) based coastal surveillance and electric vehicle charging networks. He invited Sistema to engage with Andhra Pradesh's Quantum Valley initiative and explore cooperation in cybersecurity, biometric systems and AI-based urban governance, and the conglomerate said it was already active in the Indian digital ecosystem and small and medium enterprise (SME) financing and would study the proposals. Meetings with Moscow's transport minister and deputy mayor focused on technical cooperation for metro rail development, AI-based transit tracking, smart traffic management and electric bus fleets.

The minister proposed integrated transport command centres, digital freight corridors, multimodal logistics hubs and advanced cargo tracking platforms to strengthen links between ports and rail networks. The outreach was presented as part of the state government's effort to attract global investment and advanced technologies into infrastructure, manufacturing and the digital economy. The discussions were described as exploratory steps to convert interest into concrete investments and technology partnerships.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Education and IT minister Nara Lokesh continued investment outreach in Russia, meeting industrial and transport leaders to solicit projects in Andhra Pradesh's manufacturing, logistics, mobility and technology sectors. He invited the Russian metallurgical firm Novostal-M to establish an Electric Arc Furnace (EAF) steel plant in Andhra Pradesh to produce premium rebars and wire rods. He proposed additional metal industry investments, including a structural section and railway track rolling mill at Sri City, owing to its rail connectivity and proximity to the Chennai–Bengaluru industrial corridor. He also sought investment for a galvanised hardware wire manufacturing unit serving automotive and shipbuilding sectors, and proposed a joint venture to develop a raw material logistics hub with dedicated waterfront berths. He encouraged collaboration on low-carbon steel production linked to renewable energy corridors and advanced manufacturing solutions. Novostal-M officials indicated the company produces two point eight million (mn) tonnes (t) of steel annually and exports to more than 60 countries, and would examine the proposals presented by the state. Lokesh met the president of Russian conglomerate Sistema to outline partnerships in electric river metro projects, green hydrogen and ammonia initiatives, satellite ground stations, autonomous maritime technologies, Artificial Intelligence (AI) based coastal surveillance and electric vehicle charging networks. He invited Sistema to engage with Andhra Pradesh's Quantum Valley initiative and explore cooperation in cybersecurity, biometric systems and AI-based urban governance, and the conglomerate said it was already active in the Indian digital ecosystem and small and medium enterprise (SME) financing and would study the proposals. Meetings with Moscow's transport minister and deputy mayor focused on technical cooperation for metro rail development, AI-based transit tracking, smart traffic management and electric bus fleets. The minister proposed integrated transport command centres, digital freight corridors, multimodal logistics hubs and advanced cargo tracking platforms to strengthen links between ports and rail networks. The outreach was presented as part of the state government's effort to attract global investment and advanced technologies into infrastructure, manufacturing and the digital economy. The discussions were described as exploratory steps to convert interest into concrete investments and technology partnerships.

Next Story
Real Estate

India Office Leasing Hits 43 Million Sq Ft in H1 2026: Cushman & Wakefield

India's office market recorded its strongest first-half leasing performance on record, with gross leasing volume (GLV) reaching approximately 43 million sq ft in H1 2026, a five per cent year-on-year increase, according to Cushman & Wakefield's Q2 2026 Office Market Beat Report.Global Capability Centres (GCCs) remained the key demand driver, leasing 16.5 million sq ft, up around 38 per cent year on year, accounting for 38 per cent of total office demand. Bengaluru led GCC leasing with 5.36 million sq ft, followed by Pune, Delhi-NCR and Mumbai.Flexible workspace operators also posted their ..

Next Story
Products

Window Magic Opens Luxury Fenestration Experience Centre

Window Magic has launched Window Magic Atelier, a luxury fenestration experience centre in New Delhi, alongside WM AURA, its new ultra-luxury range of aluminium window, door and façade systems developed in collaboration with a European architectural systems specialist.The experience centre has been designed as an interactive space for architects, developers, interior designers and homeowners to explore premium aluminium and uPVC fenestration solutions through curated display zones showcasing the company's latest products and design capabilities.The newly launched WM AURA range features alumin..

Next Story
Real Estate

Peninsula Land Launches Villa Plot Project in Alibaug

Peninsula Land has launched Peninsula Estates, Alibaug ONE, an 11-acre plotted development offering 92 villa-ready plots in Alibaug, targeting homebuyers seeking low-density living within reach of Mumbai.The project offers plots ranging from 2,454 sq ft to 5,000 sq ft and is positioned around the concept of enabling buyers to build customised bungalows in one of the Mumbai Metropolitan Region's emerging growth corridors.According to the company, infrastructure projects such as the Mumbai Trans Harbour Link (Atal Setu), the upcoming Navi Mumbai International Airport, the Virar–Alibaug Multimo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement