RP Sanjiv Goenka Group backs Andhra Pradesh with ₹7,004 crore investments; Lokesh eyes further expansion

Andhra Pradesh Minister for IT, Electronics and Human Resource Development Nara Lokesh announced the developments following a meeting with Shashwat Goenka, Vice-Chairman of the RP Sanjiv Goenka Group, on the sidelines of the CII Partnership Summit 2026 in Visakhapatnam.

The investments include a ₹3,718-crore carbon black and specialty chemicals manufacturing facility by PCBL at Naidupeta in Tirupati district and a ₹3,286-crore wind energy project with a proposed capacity of 349.8 MW by Purvah Green.

Sharing details of the meeting on social media, Lokesh thanked Shashwat Goenka for supporting Andhra Pradesh's industrial development and expressed confidence in the potential for further collaboration across several emerging sectors.

The proposed PCBL facility at Naidupeta represents a significant investment in the state's chemical manufacturing ecosystem. Carbon black is an important industrial material used in tyres, rubber products, plastics and several other applications, while specialty grades have uses in advanced manufacturing and performance materials.

The project could strengthen Andhra Pradesh's position in the chemicals and industrial materials sector, particularly given Naidupeta's proximity to established industrial corridors, transportation networks and manufacturing clusters in southern India.

The second major investment, Purvah Green's 349.8 MW wind power project, is expected to contribute to Andhra Pradesh's renewable energy capacity. With an estimated investment of ₹3,286 crore, the project reflects growing investor interest in the state's potential for clean energy generation and related infrastructure.

Beyond these two projects, Lokesh said discussions with the group explored opportunities in round-the-clock renewable energy solutions combining solar power, energy storage and green hydrogen.

Such integrated energy systems are increasingly important for industrial consumers seeking reliable electricity supplies while reducing their dependence on conventional energy sources. Andhra Pradesh has been positioning itself as a destination for renewable energy investments, particularly in projects involving solar, wind, pumped storage and emerging green hydrogen technologies.

Another important area of discussion was the possible expansion of the group's information technology presence in Visakhapatnam and Tirupati. Lokesh indicated that the government was keen to encourage further investment in these cities as part of its strategy to distribute technology-sector growth beyond established metropolitan centres.

Visakhapatnam has been identified by the state government as a major destination for IT, global capability centres and technology-driven investments, while Tirupati offers opportunities arising from its educational institutions, industrial infrastructure and connectivity.

The discussions at the CII Partnership Summit reflect the Andhra Pradesh government's broader investment strategy of combining traditional manufacturing with renewable energy, advanced technologies and services-sector expansion.

For the RP Sanjiv Goenka Group, the proposed investments would expand its engagement with Andhra Pradesh across multiple sectors, creating opportunities for industrial development and associated economic activity.

While the two announced projects together represent an investment value of ₹7,004 crore, the additional opportunities discussed in renewable energy and IT remain exploratory. Details concerning implementation schedules, employment generation and subsequent investment commitments are yet to be announced.

Lokesh's meeting with Shashwat Goenka underscores the state government's efforts to translate investor engagement at the CII Partnership Summit into industrial projects, while positioning Andhra Pradesh as a competitive destination for manufacturing, clean energy and technology investments.