Andhra Pradesh govt to support development of industrial parks

28 Oct 2024 CW Team

Dr N Yuvaraj, Secretary (Industries), highlighted that these private industrial parks, featuring ‘plug and play’ infrastructure, would create an environment conducive to enterprises aiming to diversify their manufacturing base or expand into new markets, all while maintaining climate goals. He added that the policy seeks to attract enterprises looking to establish operations in India, positioning Andhra Pradesh as a preferred investment destination. Additionally, Andhra Pradesh Industrial Infrastructure Corporation (APIIC) will oversee the development of external infrastructure, including roads, water, and capital support for facilities like CETPs, desalination plants, industrial housing, and social infrastructure.

Industries Minister B C Janardhan Reddy stated that, given the rising number of industry proposals, the government aims to support the establishment of world-class industrial parks by the private sector. He explained that the policy is intended to foster a favourable environment to attract investment and drive job creation. Titled the "Andhra Pradesh Policy for Establishment of Private Industrial Parks with ‘Plug and Play’ Industrial Infrastructure," this policy will be in effect for five years.

The state government stipulated that common infrastructure within the industrial park—such as internal roads, drainage, street lighting, water distribution, electricity, gas distribution, and communication networks—would need to be shared among all units. Additionally, it clarified that operations would be officially recognised once at least 50% of the land designated for industrial activity had been sold or leased to industrial units, and at least 50% of the total planned fixed capital investment for park development had been incurred to qualify for clearance.

In its efforts to transform Andhra Pradesh into a progressive, highly industrialised state, the government has introduced a policy aimed at supporting the development of private industrial parks. This new policy is designed to encourage increased participation from potential developers, stimulate industrial growth, and generate employment, with expectations of a positive multiplier effect on the state’s economy. Dr N Yuvaraj, Secretary (Industries), highlighted that these private industrial parks, featuring ‘plug and play’ infrastructure, would create an environment conducive to enterprises aiming to diversify their manufacturing base or expand into new markets, all while maintaining climate goals. He added that the policy seeks to attract enterprises looking to establish operations in India, positioning Andhra Pradesh as a preferred investment destination. Additionally, Andhra Pradesh Industrial Infrastructure Corporation (APIIC) will oversee the development of external infrastructure, including roads, water, and capital support for facilities like CETPs, desalination plants, industrial housing, and social infrastructure. Industries Minister B C Janardhan Reddy stated that, given the rising number of industry proposals, the government aims to support the establishment of world-class industrial parks by the private sector. He explained that the policy is intended to foster a favourable environment to attract investment and drive job creation. Titled the Andhra Pradesh Policy for Establishment of Private Industrial Parks with ‘Plug and Play’ Industrial Infrastructure, this policy will be in effect for five years. The state government stipulated that common infrastructure within the industrial park—such as internal roads, drainage, street lighting, water distribution, electricity, gas distribution, and communication networks—would need to be shared among all units. Additionally, it clarified that operations would be officially recognised once at least 50% of the land designated for industrial activity had been sold or leased to industrial units, and at least 50% of the total planned fixed capital investment for park development had been incurred to qualify for clearance.

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