Deccan Region Today

AP Chambers Signs MoU With South Korea Body To Boost Trade Ties

The Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) on Thursday signed a Memorandum of Understanding (MoU) with CEPA India, representing South Korea’s Chungcheongnam-do Province, to strengthen bilateral trade and industrial cooperation. The agreement was signed at the AP Chambers office in Vijayawada in the presence of representatives of both organisations.

Nods for Rs 30,000 crore shipbuilding cluster in Andhra Pradesh this month: Minister Sonowal

India plans a major shipbuilding cluster in Andhra Pradesh with ₹30,000 crore investment. This move aims to boost the Indian fleet size. Projects for West Bengal's waterways and ports are also set to accelerate. India has repatriated over 3,000 seafarers due to West Asia disruptions. Shipping services to alternate ports have significantly increased.

AP Eyes UK Partnership For Sustainable Urban Growth

Andhra Pradesh is in discussions with the United Kingdom to explore collaboration in energy, green mobility and sustainable infrastructure as also to attract global investments and advanced technologies into the state. A high-level meeting held in Amaravati on Thursday brought together senior state government officials and a visiting UK delegation led by Chaz Walia, partnerships director, department of business and trade (UK) and Gareth Wynn Owen, deputy high commissioner at the British deputy high commission, Hyderabad, along with two sector specialists.

German filtration firm MANN+HUMMEL plans 400 hires across near Bengaluru, Pune

German filtration major MANN+HUMMEL is set to add 300 to 400 jobs across India over the next 12 months, as it opens a new Global Technology & Innovation Center in Tumkur, Karnataka, and announced plans to build a third manufacturing facility in Pune. The combined investment across both initiatives is expected to exceed Rs 100 crore.

Centre Approves Foreign Loans for Young India Schools

In a major boost to education infrastructure in Telangana, the Centre has approved the state government’s proposal to secure external multilateral funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) for two major education projects. The department of economic affairs (DEA) under the Union finance ministry has cleared external funding of Rs.4,049.11 crore for the Young India Integrated Residential Schools (YIIRS) project through ADB assistance and Rs.4,903.44 crore for the Telangana Education Infrastructure Upgradation Mission with AIIB support.