Visakhapatnam, Nov 12 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday sought investments from global investors, urging industries to focus on quality and sustainability.
Addressing the CII Partnership Summit 2026 here, he said India is a safe destination for investments amid the current global uncertainties.
Calling upon investors, he said “make India your address” for the next factory, design centre, and global capability centres.
The minister also urged trading partners to explore business opportunities in India as the country provides huge prospects in multiple sectors.
“….Invest in factories, hotels, and data centres because India is a safe destination,” he said.
The Minister said that in the last four-and-a-half years, India has finalised nine Free Trade Agreements covering 38 developed countries that represent USD 60 trillion of global GDP.
He said with the ongoing engagements (on trade pacts), the total is likely to increase to USD 85 trillion — roughly three-fourths of the global GDP of USD 115 trillion.
“This opens vast opportunities for Indian businesses, products, services, talent and the country’s 2.5 lakh startups,” he said.
To investors, the minister appealed to “Make India the address for your next plant, R&D centre, global capability centre or design centre”.
To industry, he asked to stay ahead on sustainability, skilling and global quality standards.
From steel to silicon in Visakhapatnam, a drone city at Orvakal, a space city at Tirupati and India’s first green hydrogen hub at Pudimadaka, Andhra Pradesh and the country are building future-ready capabilities, he added.
The Minister praised Chief Minister Chandrababu Naidu’s long-term foresight from visualising the IT revolution early to planning for AI, quantum engineering, data centres and a Quantum Valley in Amaravati well ahead of time.
He said that while the world still talks of “Ease of Doing Business,” Andhra Pradesh has moved the conversation to the “Speed of Doing Business.”
He specifically lauded the state’s escrow account mechanism for timely disbursement of incentives to investors. PTI RR VHI
VHI
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.