Business EconomyPosted at: Nov 12 2026 4:50PM


AP: Piyush Goyal hails CM Naidu's Vision, says CII Summit opens new investment opportunities

Visakhapatnam, Nov 12 (UNI) union Minister for Commerce and Industry Piyush Goyal on Thursday praised Andhra Pradesh Chief Minister N. Chandrababu Naidu's visionary leadership, saying his foresight in recognising emerging technologies and focus on speedy governance had made the state an attractive investment destination.
Addressing the inaugural session of the 31st CII Partnership Summit here, Goyal said the summit was opening new opportunities for the growth of India's industry, trade and commerce by bringing together industrialists, ambassadors and delegates from across the world.
He said Visakhapatnam had swiftly recovered from the damage caused by two recent cyclones and was now hosting the prestigious investment summit, reflecting the resilience of the state.
Describing Naidu as a leader ahead of his time, Goyal said he had recognised the potential of emerging technologies such as Artificial Intelligence and Quantum Technology.
While the world was discussing Ease of Doing Business, Andhra Pradesh was implementing the concept of "Speed of Doing Business", he said.
The state had introduced an escrow account mechanism to ensure timely disbursement of industrial incentives and strengthen investor confidence, he added.
Goyal said Naidu had inherited a state burdened with huge debts and damaged administrative systems when he assumed office in 2024.
Despite the challenges, he had rapidly rebuilt the state, streamlined governance and improved its investment climate.
The government was now focusing on "Speed of Delivering Governance", he said, adding that Naidu and Prime Minister Narendra Modi were working together, like the characters in the film RRR representing water and fire, to accelerate the country's development.
Referring to the prevailing global crises, uncertainties and intense competition, Goyal said India continued to be a trusted and reliable destination for investors.
He recalled that even centuries ago, Kakatiya ruler Ganapati Deva had issued inscriptions assuring foreign investors of their security and confidence, reflecting India's long tradition of welcoming overseas investments.
The country's skilled youth were also making a significant contribution to economic growth and showcasing their capabilities across the world, he said.
Goyal said Visakhapatnam was transforming from a Steel City into a Silicon City, while Orvakal and Pudimadaka were emerging as green energy hubs.
Assuring investors of India's commitment to protecting intellectual property rights, he said the government was extending full support to industries to manufacture high-quality products at competitive costs and with greater speed.
Inviting investors to explore opportunities in manufacturing, tourism and other sectors, Goyal said Andhra Pradesh offered immense potential backed by its rich cultural heritage and economic prospects.
Quoting Sri Krishnadevaraya's observation that Telugu was the sweetest of all languages, he invited investors to invest in the state and become partners in its growth.
UNI XC KNR BM
Tags: #AP: Piyush Goyal hails CM Naidu's Vision# says CII Summit opens new investment opportunities
More News

Mars opens GCC in Hyderabad with Genpact, plans 1,000-strong workforce

12 Nov 2026 | 6:10 PM

Hyderabad, Nov 12 (UNI) Global food and pet care major Mars Incorporated on Thursday inaugurated a Global Capability Centre (GCC) in Hyderabad in collaboration with Genpact, marking a fresh expansion of its India operations and strengthening its focus on digital, data and Artificial Intelligence (AI) capabilities.

see more..

ITC launches premium Carte Lumina copier paper in Hyderabad, Vijayawada

12 Nov 2026 | 6:08 PM

Hyderabad, Nov 12 (UNI) ITC's Paperboards and Specialty Papers Division (ITC PSPD) has launched Carte Lumina Copier, its highest-quality offering in the copier paper segment, initially in Hyderabad and Vijayawada.

see more..

AP: Piyush Goyal hails CM Naidu's Vision, says CII Summit opens new investment opportunities

12 Nov 2026 | 4:50 PM

Visakhapatnam, Nov 12 (UNI) union Minister for Commerce and Industry Piyush Goyal on Thursday praised Andhra Pradesh Chief Minister N. Chandrababu Naidu's visionary leadership, saying his foresight in recognising emerging technologies and focus on speedy governance had made the state an attractive investment destination.

see more..

SecurEyes clocks ₹100 crore turnover, eyes institutional funding

12 Nov 2026 | 3:02 PM

Bengaluru, Nov 12 (UNI) Bengaluru-based cybersecurity company SecurEyes, founded by two MCA graduates from Odisha's Cuttack, has crossed the ₹100-crore turnover mark through a completely bootstrapped business model and is preparing for its next phase of global expansion, including its first institutional funding round.

see more..

Elon Musk offers to hire Jensen Huang as Nvidia CEO faces ouster speculation

12 Nov 2026 | 2:36 PM

New Delhi, Nov 12 (UNI) Tesla and SpaceX CEO Elon Musk has expressed willingness to hire Nvidia CEO Jensen Huang, saying it would be an "honour" to bring the veteran technology executive on board.

see more..