India will remain a trusted partner for global investors, assures Union Minister Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal shares a light moment with Andhra Pradesh Chief Minister N. Chandrababu Naidu during the inaugural session of the 31st CII Partnership Summit in Visakhapatnam on November 12, 2026.

Seeking to assuage fears over the safety of Foreign Direct Investments (FDI) due to the likely impact of global uncertainties, Union Minister for Commerce & Industry Piyush Goyal said India had been and would remain a trusted partner and a reliable destination for investors even as wars raged in other parts of the world.

The ongoing conflicts cast their shadow on international trade, but India was an exception, with its stable policies and governance that would never let the investors down, he asserted.

Participating as the chief guest in the inaugural session of the 31st CII Partnership Summit 2026 in Visakhapatnam on Thursday (November 12, 2026), Mr. Goyal said the world was witnessing multiple crises, challenges and intense competition, but India was committed to standing by investors during these tough times.

He recalled that centuries ago, Kakatiya ruler Ganapati Deva, who governed the Andhra region, issued inscriptions assuring foreign investors of confidence and security.

The investor community could be assured of the business environment even during the present times, as the Government of India was doing all it could to ensure the safety of the money they were pumping into various projects, he asserted.

Mr. Goyal said India would fully respect and protect Intellectual Property Rights and extend cooperation to innovators and investors. India would never steal technology, he stated, promising industries full support in manufacturing high-quality products at competitive costs and at a greater speed.

While foreign investments poured in, India’s skilled youth were making a significant contribution to the country’s GDP growth by leveraging on their skills and capabilities to a phenomenal effect.

He went on to invite entrepreneurs to invest in India and Andhra Pradesh, saying they were offering tremendous opportunities in manufacturing, tourism and several other sectors.

Visakhapatnam was transforming from a ‘Steel City’ into a ‘Silicon City’ and regions like Orvakal and Pudimadaka were emerging as green energy hubs, Mr. Goyal observed.

Further, Mr. Goyal said Chief Minister N. Chandrababu Naidu was a visionary leader who thinks ahead of his time and recognises the potential of emerging technologies such as Artificial Intelligence (AI) and Quantum Technologies.

While the world was talking about ‘Ease of Doing Business’, the Chief Minister shifted to the concept of ‘Speed of Doing Business’, which was evident from the operationalisation of the escrow account mechanism for making time-bound payment of industries incentives, in a record time, Mr. Goyal added.