+
Lokesh Secures Rs 15.95 bn Korean Manufacturing Commitment
ECONOMY & POLICY

Lokesh Secures Rs 15.95 bn Korean Manufacturing Commitment

Andhra Pradesh HRD and IT Minister Nara Lokesh concluded day six of his South Korean investment promotion tour in Seoul and secured a manufacturing commitment from Shinhyup Electronics. The firm will build a facility at Naidupeta in Tirupati district to produce printed circuit boards, copper clad laminates and electronic manufacturing services for the electric vehicle, automotive and healthcare sectors. The project represents a capital outlay of Rs 15.95 billion (Rs 15.95 bn) and will create direct employment for 2,170 personnel.

Lokesh led talks with HD Korea Shipbuilding & Offshore Engineering to pitch a greenfield shipbuilding and marine engineering facility, highlighting the State’s 1,053-kilometre (1,053 km) coastline and deep-water ports. State officials were asked to map locations to meet technical requirements and the leadership was invited to meet Chief Minister N. Chandrababu Naidu. The engagement was presented as part of a wider effort to develop maritime manufacturing.

He met Samsung Electronics executive vice-president to press for localisation of AI-server production and an advanced display fabrication plant, citing the State’s 10 gigawatt (10 GW) data-centre pipeline. Lokesh invited Samsung’s research and development division to Amaravati Quantum Valley to collaborate on India’s 133-qubit IBM Quantum System Two project and discussed a dedicated corporate city in the capital region. The discussions aimed to align high-tech manufacturing with the State’s digital infrastructure plans.

Lokesh urged Cuckoo Electronics to set up a manufacturing plant in Sri City or Tirupati to serve South Indian markets and export corridors to South-East Asia and the Middle East. At an industrial roundtable with the Korea Auto Industries Cooperation Agency (KAICA) he outlined investment windows under Andhra Pradesh’s Sustainable Electric Mobility Policy four point zero. The government announced automotive components parks near the Anantapur Kia cluster and along the Sri City-Chittoor-Tirupati corridor with plug-and-play sheds and a Korea Desk.

He discussed EV component expansion with Motivelink and pressed DeltaX on local battery energy storage system manufacturing. He invited Invest Korea to open a sub-national office in Amaravati or Visakhapatnam to lead a trade delegation to the CII Partnership Summit in November 2026.

Andhra Pradesh HRD and IT Minister Nara Lokesh concluded day six of his South Korean investment promotion tour in Seoul and secured a manufacturing commitment from Shinhyup Electronics. The firm will build a facility at Naidupeta in Tirupati district to produce printed circuit boards, copper clad laminates and electronic manufacturing services for the electric vehicle, automotive and healthcare sectors. The project represents a capital outlay of Rs 15.95 billion (Rs 15.95 bn) and will create direct employment for 2,170 personnel. Lokesh led talks with HD Korea Shipbuilding & Offshore Engineering to pitch a greenfield shipbuilding and marine engineering facility, highlighting the State’s 1,053-kilometre (1,053 km) coastline and deep-water ports. State officials were asked to map locations to meet technical requirements and the leadership was invited to meet Chief Minister N. Chandrababu Naidu. The engagement was presented as part of a wider effort to develop maritime manufacturing. He met Samsung Electronics executive vice-president to press for localisation of AI-server production and an advanced display fabrication plant, citing the State’s 10 gigawatt (10 GW) data-centre pipeline. Lokesh invited Samsung’s research and development division to Amaravati Quantum Valley to collaborate on India’s 133-qubit IBM Quantum System Two project and discussed a dedicated corporate city in the capital region. The discussions aimed to align high-tech manufacturing with the State’s digital infrastructure plans. Lokesh urged Cuckoo Electronics to set up a manufacturing plant in Sri City or Tirupati to serve South Indian markets and export corridors to South-East Asia and the Middle East. At an industrial roundtable with the Korea Auto Industries Cooperation Agency (KAICA) he outlined investment windows under Andhra Pradesh’s Sustainable Electric Mobility Policy four point zero. The government announced automotive components parks near the Anantapur Kia cluster and along the Sri City-Chittoor-Tirupati corridor with plug-and-play sheds and a Korea Desk. He discussed EV component expansion with Motivelink and pressed DeltaX on local battery energy storage system manufacturing. He invited Invest Korea to open a sub-national office in Amaravati or Visakhapatnam to lead a trade delegation to the CII Partnership Summit in November 2026.

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