Coromandel International has signed a ₹2,000 crore (~$225.72 million) MoU with the Andhra Pradesh government to develop a 500–1,000-acre port-based industrial complex for fertilisers, speciality chemicals and EV intermediates.
The project will boost jobs and the regional corridor.
The state has also invited the company to invest in Drone City to advance drone production and farm technologies.