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Andhra Pradesh Seals ₹18,400 Crore Investment Pacts with Taiwanese Firms

Report

By Aditya Shrivastava/ The Indo-Pacific Politics

The Andhra Pradesh government has announced investment commitments worth approximately ₹18,400 crore from Taiwanese-linked companies to establish an advanced battery manufacturing complex and an India-Taiwan industrial park. These investments are expected to position the state as an emerging hub for high-technology manufacturing and electronics-linked industries.

Details of the Investments

According to state officials, the majority of the proposed investment around ₹18,000 crore will be made through eJoule India JV, a joint venture involving US-based eJoule Inc, Taiwan’s Creative Sensor Inc, and India’s Senaste Technologies LLP. The venture plans to set up a large-scale battery materials and solid-state electrolyte manufacturing facility at Orvakal in Kurnool district. The project is described as India’s first 23 GWh precursor-free single-crystal cathode active material and solid-state electrolyte manufacturing plant, aimed at catering to the electric vehicle and energy storage markets.

In addition, Taiwan’s Allegiance Group has announced a separate investment commitment of ₹400 crore to develop an industrial park across approximately 470 acres in Kuppam, near the Andhra Pradesh-Karnataka-Tamil Nadu tri-junction. The industrial park is expected to host electronics, components, and allied manufacturing units, offering plug-and-play infrastructure tailored for Taiwanese and other global investors.

Government and Taiwanese Statements

Chief Minister N. Chandrababu Naidu, speaking in Visakhapatnam, said that the government had “signed two significant Memoranda of Understanding (MoUs) with leading Taiwanese companies, marking another milestone in Andhra Pradesh’s industrial growth journey.” He emphasized that the state is being developed as a preferred destination for global investors, citing industrial corridors, skilled manpower, and strong logistics connectivity as key advantages.

During meetings with a delegation led by Mumin Chen, Representative of the Taipei Economic and Cultural Center in India, the Chief Minister invited Taiwanese firms to explore investment opportunities in electronics, semiconductors, green energy, electric vehicle manufacturing, and battery technologies. The delegation expressed interest in the proposed Indo-Taiwan industrial park in Kuppam and commended the state government’s proactive support for new industrial projects, according to official sources.

Economic and Industrial Impact

The eJoule India JV facility is expected to generate approximately 2,000 direct jobs in advanced battery materials manufacturing and associated operations at Orvakal. Meanwhile, the Allegiance Group’s industrial park is projected to create nearly 50,000 direct and indirect jobs over time as manufacturing units become operational.

Officials noted that these investments would anchor a high-value supply chain encompassing cathode materials, solid-state electrolytes, electronic components, and advanced manufacturing. This aligns with Andhra Pradesh’s broader strategy to expand its footprint in clean technology, energy storage, and mobility-related industries.

The Chief Minister also indicated that the state would facilitate land allocation, road connectivity to major highways, and access to central government incentives, including those under India’s Semiconductor Mission, to attract additional Taiwanese and global technology firms.

India–Taiwan Ties and Andhra Pradesh’s Role

Taiwanese companies have steadily expanded their presence in India in recent years, with over 250 Taiwanese firms investing across sectors such as electronics, components, and machinery. At the national level, Taiwan-linked projects span semiconductor initiatives in Gujarat and electronics manufacturing clusters in several southern states, as India seeks supply-chain diversification and deeper technology collaboration.

The agreements with Allegiance Group and Creative Sensor Inc place Andhra Pradesh firmly within this expanding India–Taiwan economic engagement, linking the state’s industrial corridors to Taiwan-backed ecosystems in electronics, batteries, and potentially semiconductor-adjacent activities. State officials have framed these developments as part of a long-term strategy to attract investment amid the ongoing global realignment of manufacturing supply chains away from traditional East Asian hubs.

References

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