AP signs MoU with two Taiwanese firms a day before CII Partnership Summit
Andhra Pradesh signs MoUs with two Taiwanese companies ahead of the CII Partnership Summit, strengthening industrial ties, technology collaboration, and investment opportunities in the state.
AP signs MoU with two Taiwanese firms a day before CII Partnership Summit
Ahead of the CII Partnership Summit in Visakhapatnam, Andhra Pradesh Government on Thursday signed two significant MoUs with leading Taiwanese companies, marking another step in strengthening the state’s industrial growth story on Thursday.
Chief Minister N. Chandrababu Naidu took to X to say: "Allegiance Group will set up an industrial park across 470 acres in Kuppam with an investment of ₹400 crore, creating about 50,000 direct and indirect jobs.
eJoule India JV, a partnership between eJoule Inc. (USA), Creative Sensor Inc. (Taiwan), and Senaste Technologies LLP (India), will establish India’s first 23 GWh Precursor-Free Single-Crystal Cathode Active Material and Solid-State Electrolyte manufacturing facility at Orvakal, Kurnool, with an investment of ₹18,000 crore. The project will generate around 2,000 direct jobs."
Naidu stated that these MoUs reflect the State Government's commitment to advanced manufacturing and sustainable growth under the Swarna Andhra Vision @ 2047, making the state a key driver in India’s journey towards Viksit Bharat.
