Andhra Pradesh Clears Rs 2 Billion MSME Cluster Scheme
ECONOMY & POLICY

Andhra Pradesh Clears Rs 2 Billion MSME Cluster Scheme

The Government of Andhra Pradesh on Thursday approved the Andhra Pradesh Cluster Development Programme (AP-CDP) with an outlay of Rs 2 billion to strengthen micro, small and medium enterprises across the state, MSME minister Kondapalli Srinivas said on Friday.

Addressing the media at the Secretariat, Srinivas said the five-year programme will establish 45 Common Facility Centres across Andhra Pradesh. These centres will offer shared infrastructure including modern machinery, technology support, packaging units and job-work facilities for sectors such as printing, agri-based industries, gold and food processing.

The initiative is expected to directly benefit around 1,840 MSME units and generate more than 7,500 direct employment opportunities across the state.

Srinivas said the programme was conceptualised under the guidance of Chief Minister N Chandrababu Naidu, with a focus on developing sector-based clusters and dedicated sectoral parks to enhance competitiveness. By enabling shared access to infrastructure and technology through the CFCs, small enterprises will be better positioned to compete with larger players, he added.

Under the scheme, the state government will provide financial assistance ranging from Rs 50 million to Rs 100 million per project, with a 100 per cent subsidy on machinery. Buildings will be developed by special purpose vehicles, while land will be provided within parks of the Andhra Pradesh Industrial Infrastructure Corporation.

The minister noted that while 40 cluster projects are already being implemented in the state with central government support, the AP-CDP represents Andhra Pradesh’s own dedicated cluster development initiative.

The Cabinet also approved the Chief Minister Employment Generation Programme, modelled on the PMEGP, to promote entrepreneurship. Srinivas said the approvals mark a major milestone in Andhra Pradesh’s economic and industrial development.

The Government of Andhra Pradesh on Thursday approved the Andhra Pradesh Cluster Development Programme (AP-CDP) with an outlay of Rs 2 billion to strengthen micro, small and medium enterprises across the state, MSME minister Kondapalli Srinivas said on Friday. Addressing the media at the Secretariat, Srinivas said the five-year programme will establish 45 Common Facility Centres across Andhra Pradesh. These centres will offer shared infrastructure including modern machinery, technology support, packaging units and job-work facilities for sectors such as printing, agri-based industries, gold and food processing. The initiative is expected to directly benefit around 1,840 MSME units and generate more than 7,500 direct employment opportunities across the state. Srinivas said the programme was conceptualised under the guidance of Chief Minister N Chandrababu Naidu, with a focus on developing sector-based clusters and dedicated sectoral parks to enhance competitiveness. By enabling shared access to infrastructure and technology through the CFCs, small enterprises will be better positioned to compete with larger players, he added. Under the scheme, the state government will provide financial assistance ranging from Rs 50 million to Rs 100 million per project, with a 100 per cent subsidy on machinery. Buildings will be developed by special purpose vehicles, while land will be provided within parks of the Andhra Pradesh Industrial Infrastructure Corporation. The minister noted that while 40 cluster projects are already being implemented in the state with central government support, the AP-CDP represents Andhra Pradesh’s own dedicated cluster development initiative. The Cabinet also approved the Chief Minister Employment Generation Programme, modelled on the PMEGP, to promote entrepreneurship. Srinivas said the approvals mark a major milestone in Andhra Pradesh’s economic and industrial development.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement