Andhra Pradesh to roll out five policies to give a fillip to industrial growth

Andhra Pradesh to roll out five policies to give a fillip to industrial growth. Formulate the best possible policies for the Industrial, MSME, Food Processing, Electronics, IT and Cloud, and Textile sectors in the next one hundred days to attract investors, Chief Minister Chandrababu Naidu tells officials. The government plans to develop four industrial clusters.

With a view to attracting investors and giving a fillip to the State’s economy, Andhra Pradesh Chief Minister N. Chandrababu Naidu has asked officials to prepare new policies for five sectors — Industrial, MSME, Food Processing, Electronics, IT and Cloud, and Textile.

The policies should be prepared in the next 100 days, Mr. Naidu said during a review meeting on industries on July 31 (Wednesday).

“Best possible policies should be in place to attract investors. As the government plans to turn Andhra Pradesh into a green hydrogen and green energy hub, the policies should be in tune with the objectives,” Mr. Naidu said.

“Similarly, the government plans to develop four industrial clusters. Proposals should be prepared to get clearances from the Union government. Kuppam, Moolapeta, Chilamattur, Donakonda, or Pamur are the places identified to establish the new clusters. Electronics, pharma, food processing, and hardware industries can be promoted at these clusters,” he said.

Mr. Naidu also reviewed the progress of the bulk drugs park coming up at Nakkapalli with an expenditure of ₹11,542 crore.

Recalling that 64 industrial parks had been established in an extent of 14,125 acres during 2014-2019, Mr. Naidu pointed out that only 31 parks were established during the previous government’s tenure. As a result, industrialists and investors had lost trust in the government, he observed.

“Initiate dialogue with the investors who had entered into agreements with the State government and left due to the YSRCP government’s policies. If required, I will also speak,” Mr. Naidu said.