Commerce and Industry Minister Piyush Goyal has urged global companies to make India the destination for their next factories, R&D centres, design centres and global capability centres. He said India remains a safe investment destination amid global uncertainties and offers opportunities across multiple sectors.
Visakhapatnam, November 12 — Commerce and Industry Minister Piyush Goyal has called on global investors to “make India your address”, pitching the country as a safe destination for investments amid prevailing global uncertainties.
Addressing the CII Partnership Summit 2026 in Visakhapatnam, Goyal urged companies to consider India for their next manufacturing plants, research and development centres, design centres and global capability centres.
He also called on industries to focus on quality and sustainability while exploring India’s expanding business opportunities.
‘Invest in factories, hotels and data centres’
Goyal said India’s growth prospects provide opportunities for investors across a wide range of industries.
“Make India your address” for the next factory, design centre and global capability centre, he told investors.
The minister also specifically called for investments in factories, hotels and data centres, describing India as a safe destination.
Trading partners should also explore the opportunities available in the Indian market, he added.
Nine FTAs with 38 developed countries
Goyal highlighted India’s expanding network of Free Trade Agreements (FTAs) as another opportunity for businesses.
According to the minister, India has finalised nine FTAs covering 38 developed countries over the past four-and-a-half years.
These economies together represent around $60 trillion of global GDP.
With ongoing negotiations and trade engagements, Goyal said this coverage could eventually increase to economies representing $85 trillion of GDP.
He compared this with global GDP of around $115 trillion, meaning the potential trade network would cover roughly three-fourths of the world economy.
Goyal said these agreements create opportunities for Indian businesses, products, services, talent and the country’s 2.5 lakh startups.
Focus on sustainability and skills
The minister urged Indian industry to remain ahead of global requirements in sustainability, skilling and quality standards.
He also highlighted Andhra Pradesh’s plans for future-focused industries.
These include developments ranging from steel to silicon in Visakhapatnam, a Drone City at Orvakal, a Space City at Tirupati and India’s first green hydrogen hub at Pudimadaka.
Goyal praises Andhra Pradesh
Goyal praised Andhra Pradesh Chief Minister Chandrababu Naidu for his long-term approach towards technology and industrial development.
He cited the state’s plans around artificial intelligence, quantum engineering, data centres and the Quantum Valley in Amaravati.
Goyal said that while the world continues to discuss the “Ease of Doing Business”, Andhra Pradesh has moved towards the “Speed of Doing Business.”
He also praised the state’s escrow account mechanism for ensuring timely disbursement of incentives to investors.
