Vizag CII Summit: Andhra Pradesh attracts mega investments in aerospace, maritime, food Sectors

VISAKHAPATNAM Andhra Pradesh secured significant investment commitments across aerospace, maritime, industrial manufacturing, and agro-processing sectors at the 31st CII Partnership Summit in Visakhapatnam on Thursday. In a major boost to India’s private space ecosystem, Astrobase Space Technologies signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to expand its rocket testing facility at Thimmasamudram in Sri Sathya Sai district to 360 acres with an ₹800 crore investment, generating 1,500 direct and indirect jobs.

Meanwhile, Union Civil Aviation Minister Kinjarapu Rammohan Naidu announced that an indigenously manufactured civil aircraft will be launched within two years, while highlighting plans to build 100 new airports under UDAN-2 and develop an Aerospace and Defence City near Lepakshi. Strengthening international industrial ties, Japan Research Institute Chairman Kenji Hiramatsu met Chief Minister N.