VIJAYAWADA: With a view to make Andhra Pradesh a progressive and highly industrialized state, the govt has decided to support and encourage development of private industrial parks in the state.
A policy has been announced to increase participation of potential developers. The new policy is expected to help industrial growth and promote employment. New investments are expected to have multiplier impact on the economy.
“Establishment of private industrial parks with ‘plug and play’ industrial infrastructure will help create conducive environment for enterprise looking to diversify manufacturing base, expand to new markets, without compromising climate goals. This policy is aimed to encourage enterprises looking to set up their base in India and especially consider AP favourably as an investment destination,” said secretary (industries) Dr N Yuvaraj.
He explained that the APIIC will plan creation of external infrastructure like road, water and also capital support for CETPs, desalination plants, industrial housing and other social infrastructure.
“Given the increasing number of proposals for development of industries, the state govt has decided to support and encourage the development of private Industrial parks in the state. We wanted to promote and enable the development of world class industrial parks by private sector,” said industries minister B C Janardhan Reddy.
He said that the new policy is aimed at generating employment and attract investment by enabling the formation of a conducive environment to bring in investments in the state. The policy will be implemented as Andhra Pradesh Policy for establishment of Private industrial Parks with ‘Plug and Play’ industrial infrastructure and will be in force for a period of five years.
The state govt said that common internal infrastructure including internal roads within the industrial park, drainage facilities, streetlights, water distribution network, electricity/ energy/ gas distribution network, communication effluent treatment plant will have to be shared by all the units.
The govt will recognize the commencement of operations when at least 50% of the land identified for industrial activity has been sold/leased to industrial units. It has also noted that at least 50% of the total fixed capital investment planned on the development of the park should have been incurred to get clearance.
