Andhra Pradesh Secures ₹18,400 Crore Investment as CM Naidu Signs MoUs with Taiwanese Firms
Two Taiwanese giants to pump billions into Andhra jobs.
Andhra Pradesh Chief Minister N Chandrababu Naidu announced the signing of two landmark MoUs with Taiwanese firms, securing a massive ₹18,400 crore investment in the state’s industrial landscape. The agreements, inked in Visakhapatnam, involve Allegiance Group and Creative Sensor Inc, signaling a strategic push to position Andhra as a global hub for advanced manufacturing and technology. The deals are expected to transform Kurnool and Kuppam into key industrial centers.
The flagship project comes from eJoule India JV—a collaboration between U.S.-based eJoule Inc, Taiwan’s Creative Sensor Inc, and India’s Senaste Technologies LLP. The joint venture will invest ₹18,000 crore to establish India’s first 23 GWh precursor-free single-crystal cathode active material and solid-state electrolyte manufacturing facility at Orvakal in Kurnool district. This cutting-edge plant will drive innovation in battery technology and support India’s clean energy ambitions.
Naidu highlighted that the eJoule project alone will create approximately 2,000 direct jobs, offering skilled employment opportunities to local youth. The facility’s focus on next-generation battery materials positions Andhra Pradesh at the forefront of the global electric vehicle and renewable energy supply chain. The investment reflects growing international confidence in the state’s infrastructure and policy framework.
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Separately, Allegiance Group committed ₹400 crore to develop a sprawling 470-acre industrial park in Kuppam. This ambitious project is projected to generate around 50,000 direct and indirect jobs, boosting the regional economy and attracting ancillary industries. The park will serve as a magnet for technology, manufacturing, and logistics firms, further strengthening Andhra’s industrial ecosystem.
With these investments, Andhra Pradesh is rapidly emerging as a preferred destination for global capital. Naidu emphasized that the state government remains committed to ease of doing business, ensuring swift approvals and world-class infrastructure. The twin deals mark a significant milestone in the state’s vision to achieve $2 trillion GDP contribution by 2047.
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