Why in News
Andhra Pradesh aims to attract ₹30 lakh crore in investments, with ₹5 lakh crore to be operational by 2029 under Industrial Development Policy-4.0
Shifting from Ease of Doing Business to Speed of Doing Business (SoDB) to help businesses set up faster.
Offering decarbonisation subsidies to align industries with Sustainable Development Goals.
Targeting investments in MSMEs, electronics, clean energy, food processing, and industrial parks.
Investment Strategy and Targets
The state’s 3 industrial corridors (Visakhapatnam-Chennai, Hyderabad-Bengaluru, Chennai-Bengaluru) are set to attract investments as infrastructure develops.
Promoting Rayalaseema for industries due to cheaper land.
Emphasizing seaport development to strengthen Andhra Pradesh's role as a maritime gateway to Southeast Asia.
A new forum with Confederation of Indian Industry (CII) to boost investment, industrial growth, and infrastructure.
Tata Consultancy Services (TCS) has committed to establishing a 10,000-seat facility in Visakhapatnam, marking a significant investment in the state
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