Andhra Pradesh releases State Industrial Policy 2023-27

Andhra Pradesh State Industrial Policy

Recently Andhra Pradesh has issued its State Industrial Policy 2023-27 covering the incentives proposed by the state with a mission to build a prosperous state. The policy brings a special incentive for SC/ST Enterpreneur under the YSR Jagananna Badugu Vikasam Scheme.

The policy aims for the following:-

  • Economic Growth
  • Port-led development
  • Enhanced Logistical ecosystem
  • Developing world-class, ready to occupy Industrial spaces
  • End-to-End investor facilitation
  • Employment generation
  • Strengthening Employable manpower base
  • Entrepreneurship development and reinforcing start-up culture
  • Bringing women , minority and under privileged  segments to the forefront of Economic Development process

This policy aims at improved administration from the State authorities and provides following benefits to the enterpreneur:-

  • Hassle-free land- allotment of land for industrial purposes by APIIC(Andhra Pradesh Industrial Infrastructure Corporation) within a period of 21 days upon receipt of application. Land will be allotted on a lease-basis for a period of 33 years|66 years. Allottee will be provided an option to buy the land after 10 years of commercial production.
  • Flatted factory space at cost-pricing incentivising investment in sectors like IT, Biotechnology, Electronics, Apparels and Precision Engineering.

  • Incentivising projects with economic and employment significance.
  • Govt. land, including in-identified port regions, will be offered for  developing industrial townships on PPP mode.
  • Sector focused Model MSME parks.
  • Walk to work will be promoted and facilitated to help women workers to work nearby garmenting units.
  • Single Desk Portal – It facilitates an ecosystem that provides all clearances required to set up an Industrial venture with in 21 working days.

  • I-Space , a state of the art innovation and start-up zone will be established at Vishakhapatnam which will have special incubators, co-working space and representation of angel investors and venture capitalists.

  • Skill development programmes to strengthen industry ready manpower base.
  • YSR  AP One – The one stop resource and support program for industries.
  • Promoting private industrial parks and Industrial townships on PPP mode.
  • Advising, assisting and supporting MSMEs in Marketing.

The Incentives offered under the policy includes:-

  1. Investment Subsidy  – Upto 15% of FCI + 100% reimbursement of SGST
  2. Interest Subsidy
  3. Reimbursement of Stamp Duty, Land Conversion Charges, Fixed Power Cost, IP Acquisition Cost. Technology upgradation & acquisition cost, Quality Certification Cost and Piped Water Supply
  4. Incentives for setting up R&D Labs
  5. Capital Subsidy for Transport / Logistics Sector  

Read the complete policy here AP Industrial Policy 2023



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