Naidu Inaugurates New Units in Sri City, Clears 12 More Projects

18 Nov 2025 CW Team

Andhra Pradesh Chief Minister N Chandrababu Naidu recently inaugurated five industrial units in Sri City and witnessed agreements for 12 additional projects worth Rs 2,320 crore at the 30th CII Partnership Summit. The upcoming investments — across engineering, food processing and pharmaceuticals — are expected to create 12,365 jobs.

Naidu said Sri City has become one of India’s leading industrial townships, home to global manufacturers such as Daikin, Isuzu and Cadbury. He added that 6,000 acres will soon be allocated to support further expansion, enabling companies from more than 50 countries to operate from the hub.

The Chief Minister also announced plans for an airstrip near Sri City, projecting that the township will employ 1.5 lakh people in the near future. Located in Tirupati district, Sri City comprises a multiproduct SEZ, DTZ, FTWZ and an electronics manufacturing cluster.

Naidu further highlighted that Andhra Pradesh will introduce escrow accounts for industrial incentives — a first-of-its-kind initiative in the country.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..