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Andhra Pradesh - Investment and Industrial
Policies
Biotechnology
Policy
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.
Food
Processing Policy
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.
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.
Information
Technology Policy
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.
Infrastructure
Policy
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.
Mineral
Policy
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.
Policy
for Small Scale Enterprises
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.
Tourism
Policy
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.
Textile
and Apparel Promotion Policy 2005-2010
New
Multi-fiber agreement, which envisaged quotas of production
to different countries, has expired on 31st December, 2004.
This has opened up many opportunities for textile and apparel
industry in the country. Given its labour intensive nature,
Textile and Garment Industry can provide employment on a large
scale especially for young women. Andhra Pradesh is the third
largest cotton producer in the country. Hence Textile and Garment
industry requires special emphasis and focus.
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