Declares AP ‘OPEN’ for Business

In a move towards at tracting large scale investments into the state of Andhra Pradesh, Chief Minister Mr N Chandrababu Naidu recently unveiled 6 critical policies that aim to boost investments for AP.

Taking to social media the CM wrote ‘Andhra Pradesh is now OPEN! I’m inviting you to invest in our state, where we have rolled out a red carpet to welcome you — with a business-friendly state government, talented youngsters and robust infrastructure’. 

Stating that between 2014 and 2019, Andhra Pradesh witnessed a significant transformation in its industrial landscape he said that in the past five years, there has been a noticeable shift in focus away from economic growth, leading many industries to shift to other states.

‘Today, we are committed to reigniting the momentum by offering an enabling ecosystem and competitive incentives to attract industries back to the state’ said the CM addressing the media.

Mr Naidu added that all the policies are designed to be forward-looking, aiming to boost industrial growth by focusing on job creation, fostering entrepreneurship, addressing climate change, and ultimately generating wealth for the state.

The 6 policies that have been unveiled by the state government are AP Industrial Development Policy 4.0 (AP IDP 4.0) AP MSME & Entrepreneur Development Policy 4.0 (AP MEDP 4.0) AP Food Processing Policy 4.0 (AP FPP 4.0) AP Electronics Policy 4.0 (AP EP 4.0) AP Private Parks Policy 4.0 (AP PPP 4.0) AP Integrated Clean Energy Policy 4.0 (AP ICE 4.0).Of the six, the Department of Industries is bringing two Anchor Policies and three sectoral policies. As per the government IDP 4.0 will be the anchor policy for all Large & Mega investments, while MEDP 4.0 will be the anchor policy for MSMEs.