ANDHRA PRADESH offers Conducive Business Environment. The state stood FIRST in the country under ‘Ease of Doing Business’. It has achieved the highest feedback (97.89 per cent) amongst all the states by the industries surveyed under BRAP 202221. The state has re-engineered 5 Acts under the framework of Labour Laws to provide spot approval on services. These have reduced the average time to start a business to 21 days. The state has also repealed 26 obsolete /redundant acts administered by the Revenue and Water Resources Departments.
The AP government has also reduced service delivery time by half for 18 services under the Municipal Administration and Urban Development Department for the businesses. The state also offers a Robust Industrial Infrastructure for the investors. The State is renowned for its structured approach to the development of Industrial Parks. AP has 534 Industrial Estates equipped with best-in-class infrastructure such as power, water, ETP, STP, common facilities, plug-and-play facilities, etc.
The State has an abundant land bank (50,000+ acres) for industrial development, with 'Industrial Zoning' as the key focus area to provide a risk free'investment-friendly environment. YSR Jagananna Mega Industrial Hub being developed in Kopparthy, YSR district with a vast land bank of 6,900+ acres with pre-cleared approvals, competitive land cost, ready-built Plug & Play Sheds, robust state-of-theart infrastructure including trunk infrastructure, CEPT, power, bulk water supply and more.
AP is the only state that has 3 National Industrial Corridors, across 46,555 acres of land bank. These are Visakhapatnam - Chennai
Industrial Corridor (VCIC), Chennai Bengaluru Industrial Corridor (CBIC), and Hyderabad-Bangalore Industrial Corridor for accelerated industrial development across the state.
This story is from the March 11, 2023 edition of Business World India.
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This story is from the March 11, 2023 edition of Business World India.
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