Business EconomyPosted at: Nov 12 2026 10:43PM


ReNew CEO Praises AP Govt's investment monitoring; says Lokesh sends weekly project updates

Visakhapatnam, Nov 12 (UNI) ReNew Founder, Chairman and CEO Sumit Sinha on Thursday praised the Andhra Pradesh government for its investor-friendly approach, saying IT Minister Nara Lokesh personally sends him weekly updates on the progress of the company's projects, often before his own team provides the information.
Speaking at the 31st CII Partnership Summit 2026 here, Sinha said the Minister's proactive monitoring reflected the government's commitment to ensuring that investment proposals translate into actual projects and investors' concerns are addressed promptly.
He announced that ReNew had signed memoranda of understanding (MoUs) to establish a 1 GW data centre and a polysilicon manufacturing plant in Andhra Pradesh.
The company had also secured a production-linked incentive (PLI) bid for rare earth and permanent magnet manufacturing and was exploring the possibility of setting up the facility in the state, he said.
Describing Andhra Pradesh as ReNew's primary investment destination and home state, Sinha acknowledged the support extended by the Central and State governments.
He also announced plans to establish a clean energy skilling centre to train thousands of local youth, enhance their employment opportunities and strengthen the company's engagement with local communities.
Sinha urged other investors to explore the investment opportunities available in Andhra Pradesh.
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