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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement