The investment momentum continued today with Chief Minister N. Chandrababu Naidu launching three new projects. He performed the virtual groundbreaking ceremony for Raymond Group projects set up with an investment of ₹1,201 crore. Raymond Group Managing Director Gautam Maini joined the ceremony and appreciated the proactive support from the state leadership.

Chandrababu Naidu stated that Andhra Pradesh would soon establish a major aerospace industry hub in Anantapur district. He highlighted strong industrial potential, well-developed infrastructure, and global investor trust. The decision aims to push the state into the advanced manufacturing and technology sector.

The Chief Minister also said that the ongoing MoUs would provide 20 lakh employment opportunities to young people in the coming years. He expressed confidence that Andhra Pradesh would emerge as a national leader in industry, job creation, exports, and futuristic technology sectors.

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Lokesh appreciated the CII and VIT teams for conducting such a meaningful event. He stated that India’s education system must be reshaped to align with its fast-growing economy. According to him, preparing the next generation for advanced skills and innovation is vital for sustained progress.

The Minister remarked that while India is currently working toward a $5 trillion economy, the focus should shift to achieving a $30 trillion goal. He said this ambition reflects Prime Minister Narendra Modi’s vision for transforming India into a global powerhouse.

Lokesh highlighted that true economic growth depends on utilizing human and intellectual capital efficiently. He stressed that reforms, collaboration, and modernization in education will determine India’s future strength and competitiveness in the global economy.

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During the trip, the Chief Minister will attend a roadshow organized by the Confederation of Indian Industry (CII). He will highlight the state’s potential in sectors such as IT, electronics, green energy, infrastructure, and manufacturing. Naidu plans to explain how Andhra Pradesh is emerging as a hub for innovation and investment.

The Chief Minister will also hold bilateral meetings with global corporate leaders to discuss investment collaboration, technology partnerships, and job creation. These interactions are expected to help secure long-term economic cooperation with multinational firms.

Naidu is scheduled to return to Amaravati on November 6. Sources said the government aims to position Andhra Pradesh as a global investment destination ahead of the Global Investors Summit in Visakhapatnam, inviting leading investors to participate in the event.

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Amarsaikhan invited Indian oil firms to collaborate on Mongolia’s oil fields, noting infrastructure will be ready within two years. He emphasized Mongolia’s strategic location near China and Russia, along with Free Trade Agreements with Japan and other countries, enhancing market access for Indian businesses. The Deputy PM also mentioned Mongolia’s first oil refinery, funded by India with $1.7 billion investment, expected to meet 50 per cent of domestic demand.

Indian Ambassador Atul Malhari Gotsurve highlighted mining opportunities in coking coal, gold, copper, and critical minerals. He noted Mongolia’s treaty with Russia provides tariff rebates of 50–60% on exports, creating further potential for Indian firms. Sectors such as automobiles and pharmaceuticals were also identified for collaboration.

Madhav Singhania and MNCII President Lkhagvajav Baatarjav outlined a six-point agenda to strengthen ties, focusing on mining, energy, e-mobility, pharmaceuticals, startups, and education. The forum saw participation from industry leaders discussing agribusiness, infrastructure, renewable energy, transport corridors, and critical minerals.

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