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Business
Piyush Goyal Endorses Andhra’s Investment Pitch at CII Event, Naidu Highlights ₹22 Lakh Crore Deals
✍️ The Hindu
🗓 08 Oct 2026, 06:33 PM
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Union Commerce Minister Piyush Goyal backed Andhra Pradesh’s investment appeal during the CII curtain‑raiser, while Chief Minister N. Chandrababu Naidu cited ₹22 lakh crore in agreements to attract investors.
The Confederation of Indian Industry (CII) held its annual curtain‑raiser in Hyderabad, where Union Commerce Minister Piyush Goyal delivered a keynote address. Goyal expressed strong support for Andhra Pradesh’s investment pitch, emphasizing the state’s readiness to welcome foreign direct investment.
During the event, Chief Minister N. Chandrababu Naidu highlighted that Andhra Pradesh has already secured agreements worth ₹22 lakh crore, underscoring the state’s robust policy framework and infrastructure readiness.
Goyal’s endorsement came after a series of meetings between the central government and the Andhra Pradesh government aimed at streamlining investment procedures. He noted that the state’s strategic location and skilled workforce make it an attractive destination for multinational companies.
The combined message from the minister and the chief minister signals a concerted effort to boost the state’s economy, with expectations of increased inflows in sectors such as manufacturing, logistics, and technology.
During the event, Chief Minister N. Chandrababu Naidu highlighted that Andhra Pradesh has already secured agreements worth ₹22 lakh crore, underscoring the state’s robust policy framework and infrastructure readiness.
Goyal’s endorsement came after a series of meetings between the central government and the Andhra Pradesh government aimed at streamlining investment procedures. He noted that the state’s strategic location and skilled workforce make it an attractive destination for multinational companies.
The combined message from the minister and the chief minister signals a concerted effort to boost the state’s economy, with expectations of increased inflows in sectors such as manufacturing, logistics, and technology.