Industrial Investment
Promotion Policy 2005-2010 New
Industries - Industrial Policy 2005-2010
- Government have introduced Industrial Policy to drive
industrial growth by clearly spelling out various components
of incentives being offered, supply of quality power,
improved infrastructure facilities etc. It reflects
the many location specific factors that shape the opportunities
and incentives for firms to invest productively, create
jobs, and expand. To remove the existing barriers; and
for creation of congenial and hassle-free investment
climate and also to boost investor confidence, a series
of proactive measures are being proposed.
Information & Communications
Technology (ICT) Policy 2005-2010
The Government of Andhra Pradesh
aspire to transform the state into a knowledge society
and make available the benefits of information technology
to all citizens, especially those in rural areas and
living in poverty. The State wishes to become a leading
destination for investments in Information & Communications
Technology (ICT) and a major player in the information
economy. The State will leverage ICT for achieving an
Info-age (inclusive, networked, fast, open, accountable,
globally benchmarked and efficient) government.
It has been said that the 21st century
will belong to biotechnology Pathbreaking research in
this arrea in recent times has revolutionised the way
in which scientists view living matter. The announcement
of the completion of the Human Genome Project in June,
2000 and placing the available human gene sequence database
in the public domain has opened up exciting new opportunities
in the development gene-based technologies. Biotechnology
can be defined in at least two ways. It can mean any
technique which uses living organisms or parts of organisms
to make or modify products, improve plant or animal
productivity or to develop micro-organisms for specific
use. This definition encompasses new biological tools
as well as ancient uses. A second and narrower definition
refers to new "high-end" biotechnology, involving recombinant
DNA, cell fusion and novel bio-process engineering techniques
such as gene transfer, embryo-manipulation, monoclonal
anti-bodies and so on.
The Government of India, Ministry
of Food Processing Industries, have announced number
of schemes for accelerating the growth of the Food Processing
Sector in the States/ Uts for resolving the problems
of the agricultural surplus/wastages and creation of
rural jobs and for better pricing to the farm products.
The Andhra Pradesh Industrial Infrastructure Corporation
limited shall form special purpose vehicles with private
agencies to develop food parks and other food processing
clusters. The Andhra Pradesh Industrial Infrastructure
Corporation limited shall have a maximum share of 26%
in the SPV and the SPV partners shall be selected by
Andhra Pradesh Industrial Infrastructure Corporation
limited based on their credentials, etc, The Andhra
Pradesh Industrial Infrastructure Corporation limited
shall also show the cost of land as their equity contribution
towards the project.
The Government of Andhra Pradesh announced
an industry-friendly incentives policy for the IT sector
in May 1999, through the GO first read above, to promote
the growth of the IT industry within the State. The
IT industry has grown significantly during the last
3 years, at a CAGR of over 80 %, with the exports of
software reaching Rs.2855 crores for the year 2001-02,
from a level of Rs.574 crores for the year 1998-99.
The employment provided by the sector has grown from
12000 to 64000 during this period. The scheme of incentives
under the IT Policy 1999 has been administered by a
Consultative Committee on IT Industry (CCITI), constituted
through the GO second read above. To mention a few facts
and figures, power tariff subsidy was provided to 153
IT companies, investment subsidy was provided to 26
IT companies, rebate in stamp duties was given to 14
IT companies, besides allotment of land and exemption
from zoning regulations provided to 26 companies.
Andhra Pradesh has embarked upon a
Mission, which is, to be at the forefront of industrial
development in the country by the year 2020. The Government
is conscious that fulfilling this Mission needs not
only ideas and dreams but also a lot of hard, realistic
planning guided by well spelt out policy directions.The
Policy for Small Enterprises aims to create a congenial
atmosphere conducive to the healthy growth of the Small
Scale Sector in the State.
Government of Andhra Pradesh have
decided to undertake Mega Infrastructure Projects in
the State to attract Industries and for the overall
development of the State.The Andhra Pradesh Infrastructure
Policy (The Policy) provides guidelines for attracting
and facilitating private investments in infrastructure.
The minerals and metals have formed
an integral part of man's material needs. Even the various
civilizations have been named after minerals and metals
like Stone age, Copper age, Bronze age, Iron age and
now the Atomic age or Uranium and Plutonium age. Koutilya
in his Arthasastra has stated that "the wealth
of the State is its source in the mining and metallurgical
industry; the
power of the state comes out of these resources".
Minerals are a fundamental component
of nation's material and economic base. However, most
people are not aware of this role in the country's economy
and the contribution made by minerals in the growth
of nation's wealth. This lack of awareness in the past
had led to low priority to mineral development and related
infrastructural needs in respect of the plan allocation
in our country. It is fortunate that lately the importance
of minerals is gradually coming to limelight. The Government
of Andhra Pradesh under VISION-2020 document has given
a thrust for mining and development of Mineral Based
Industries.
Andhra Pradesh was amongst the first
maritime states in 1994-95 to recognise the imperative
need for increased port infrastructure and the central
role that the private sector would be required to play
in developing the same. The port privatisation in Andhra
Pradesh has been based on Build-Operate-Share-Transfer
basis.
Policy initiatives taken to encourage
private sector participation in road development, Roads
sector has been declared as an Industry to facilitate
commercial borrowings.
The Travel and Tourism industry is
well on its way to becoming one of the most powerful
growth engines in the coming millennium and is anticipated
to generate nearly 338 million jobs by the year 2005
with an annual growth rate of 4.8%. Acknowledging the
vast potential and spin-off tourism has on other industries,
the Government of Andhra Pradesh is focusing on tourism
for generating greater employment and achieving higher
economic growth.
