A.P all set to lure investors with its new industrial policies
Chief Minister N Chandrababu Naidu of the new bifurcated state of Andhra Pradesh stated that A.P will soon have a new industrial policy incorporating 11 sub-sectors such as IT, tourism etc.
Releasing the White Paper on July 11, on industries infrastructure & employment, Naidu stated that the focus would be on identifying a few growth engines and developing them.
He said these ‘growth engines’ would be able to generate ₹45,000 crore annually.
Land allocation
Naidu believes that the misrule of Cong (I) in the last decade has adversely impacted the brand image of the State and the City. This has in turn forced the investors to look for greener pastures. Unfortunately the investors shifted to the other states, and in order to lure them back, the A.P government has indiscriminately allocated more than two lakh acres to entities like VANPIC, Lepakshi etc.
All the allotments will be reviewed soon. Naidu mentioned that some of them have damaged the reputation of the officials. He said special hubs like ‘food processing’ in Anantapur – Chittoor, mega food park in Bhimavaram (500 acres) and ‘Smart City’ (for IT) in Visakhapatnam would be developed.
His ministry is taking all the measures to bring the investors back to the land of Nizams, after the bifurcation of Andhra Pradesh and Telangana. They are confident that they will be able to put A.P back on the track of growth wagon.
Source- The Hindu Business Line
Andhra Pradesh to lure IT, AP Chief Minister Chandrababu naidu, new industrial policies, pharma firms
