India is a trusted global partner in a world full of ‘Katappas’, says Piyush Goyal at CII Partnership Summit

Union commerce and industry minister Piyush Goyal today said India is a trusted global partner in a world full of “Katappas”. Amid Chinese spy gate rocking America’s AI behemoth Nvidia, Goyal said trust is the rarest commodity in the world today and India does not steal technology from other nations.

“In the world full of Katappas, India offers something truly rare – a partner who will not stab you in the back,” Goyal said at the 31st CII Partnership Summit, 2026 in Vishakhapatnam today.

“India always respects intellectual property rights. We don't steal anyone's technology. We ensure that whatever is rightfully yours remains with you,” Goyal said.

Goyal said the world is witnessing multiple crises, challenges and intense competition. “At a time of such global uncertainty, India is standing as a trusted and reliable destination for investors,” he added.

Goyal said Visakhapatnam is illuminating new opportunities for the growth of India's industry, trade and commerce.

Participating as Chief guest of inaugural session of the event today, Goyal said Chief Minister Chandrababu Naidu is a visionary leader who thought ahead of his time and recognised the potential of emerging technologies such as Artificial Intelligence and Quantum Technology.

“While the world is talking about Ease of Doing Business, Chandrababu Naidu is implementing the concept of Speed of Doing Business. Andhra Pradesh has introduced an escrow account mechanism to ensure timely delivery of industrial incentives and strengthen investor confidence,” Goyal added.

Goyal pointed out that the state inherited huge debts and damaged administrative systems when Naidu took over as the CM in 2024.

“Despite these challenges, he has rapidly rebuilt the state, streamlined governance and transformed Andhra Pradesh into an attractive destination for investments. The government under Chandrababu Naidu is functioning with a focus on speed of delivering governance,” he said.  

Again drawing a parallel from the movies, Goyal said like the characters in the film RRR, CM Naidu and Prime Minister Narendra Modi are working together with the force of water and fire to drive the nation's development.