AP Minister Showcases New Industrial Policy In Sri City

Hyderabad: In an interactive session held on Tuesday at Sri City, Andhra Pradesh Minister of Industries, Commerce and Food Processing, TG Bharath met with CXOs and senior executives of industries operating in the integrated business city to present the newly launched Andhra Pradesh’s Industrial Policy 4.0. The policy, crafted under the visionary leadership of Chief Minister N Chandrababu Naidu, aims to position the State among the top global investment destinations, targeting to attract Rs30 lakh crore investments and over $10 billion foreign investment during the next five years. Key areas of focus include MSMEs, electronics, food processing, clean energy, and industrial parks.

The session opened with Bharath outlining the policy’s foundational principles, emphasising its role in catalysing economic transformation through speed, efficiency, and sustainability. He articulated the government’s vision of building a globally competitive Andhra Pradesh that champions innovation and international collaboration while fostering sustainable industrial development. The minister actively sought industry feedback, recognising the crucial role of business insights in policy refinement.

Following Minister’s remarks, Dr N Yuvaraj, Secretary, Industries and Commerce, provided an in-depth overview of the policies, focusing on initiatives like the ‘Speed of Doing Business’ for streamlined processes, investor-friendly approach, advanced infrastructure plans with industrial parks, and sector-specific incentives. He said that the State is pioneering a new industrial policy with a multi-tier investment framework for Private Industrial Parks (PIPs). This policy categories parks by size (nano to mega) and offers incentives for various investment tiers (sub-large, large, mega). The State aims to attract significant investments in electronics manufacturing, creating jobs and boosting economic growth.. He highlighted that early investments in mega and large industries will receive special incentives, and detailed the offerings for MSMEs and common categories. Dr Yuvaraj reiterated the government’s dedication to making the State the preferred choice for global investors with appropriate interventions to reduce cost of production and to increase speed of doing business. Dr Ravindra Sannareddy, Founder Managing Director, Sri City thanked the Minister and Secretary for organising the session to introduce the new industrial policy and its key aspects to the Sri City

industrial community.