+
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.

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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code