Hyderabad: Andhra Pradesh government would
adopt a multi-pronged strategy to promote industrialisation in
the state in a big way, Chief Minister K Rosaiah said on Sunday.
The government was providing various subsidies and
incentives to help industries become competitive and still the
power tariff is being maintained at the lowest level in
comparison with several other states, a release from the Chief
Minister's Office quoted him as saying.
Rosaiah would undertake a review on industrialisation
in the state soon and asked Industries department officials to
submit a detailed status report on the matter, it said.
The government was providing a slew of incentives like
power subsidy of 75 paisa per unit, single window clearance,
capital subsidies for small scale and other industries,
Rosaiah said.
In addition, the government was providing world-class
infrastructural facilities to make the state the manufacturing
hub for national and international companies, he reminded.
For the benefit of handloom weavers and leather industry,
textile and leather parks were being set up in all regions of
the state.
The state has made rapid progress on the industrial
front in the last few years, Rosaiah noted.
During the last three and a half years, Rs 12,350 crore
worth of investments in manufacturing sector were commissioned
creating employment for 1,72,616 people. In the next two to
three years, Rs 38,671 crore are likely to be invested
creating an employment potential of 1,30,458, he said.
According to a CII survey, Andhra Pradesh is the best
performing state in the manufacturing sector among southern
states.
Realising the natural gas potential in Krishna-Godavari
basin, the region from Visakhapatnam to Kakinada has been
promoted as a major industrial corridor.
The release said the Union Minister of State for Steel
A Sai Pratap has requested the Chief Minister to lay the
foundation stone for a ferro alloy unit at Bobbili in
Vizianagaram district. The project, with an initial capital of
Rs 200 crore, would be established by Rashtriya Ispat Nigam
Ltd, Visakhapatnam in association with Manganese Ore India
Ltd, Nagpur.
Hyderabad international airport, Fab City, Hyderabad
Gems and Jewellery Park, ICICI Knowledge Park, Biotech Park,
IT Parks, Textile Park and Pharma Park are some of the
prestigious industrial projects coming up in and around the
state capital, the release added.
Bureau Report