AP’s New Industrial Policies Set To Drive Growth: CII Members
CII commends the AP govt’s proactive approach and foresees significant investment in the State
AP’s New Industrial Policies Set To Drive Growth: CII Members
Visakhapatnam: Andhra Pradesh is poised to become a leader in industrial innovation and sustainability, with newly approved policy frameworks marking a transformative phase for the State’s economy. These initiatives, according to prominent members of the Confederation of Indian Industry (CII), promise significant growth and development in the years ahead.
The State Cabinet’s approval of six new policy frameworks mark a significant step toward enhancing the investment climate, said Dr. V Murali Krishna, Chairman of CII, AP, during an interaction with the media here and expressed his enthusiasm for the initiatives proposed by Chief Minister N Chandrababu Naidu.
Dr Murali Krishna characterised the new policies as “pro-active and forward-thinking,” suggesting they could position Andhra Pradesh among the top three States in India for investment. “These policies are set to attract Rs 30,000 crore in manufacturing and Rs 83,000 crore in foreign direct investment,” he remarked. “They will also facilitate the establishment of 175 industrial parks, generating substantial export potential and creating opportunities for 2.2 million MSME entrepreneurs.”
Dr. Murali Krishna emphasised the importance of specific incentives within the new frameworks, stating, “The decisions to offer 10 per cent additional incentives for job creation and 6 per cent for reducing carbon footprints will provide the much-needed booster dose for the State’s economic growth, targeting at least a 15 per cent growth rate.”
Supporting these views, G Sambasiva Rao, convenor, Infrastructure and Logistics Panel, CII, praised the government’s initiative to allow private industrial parks ranging from 10 to 100 acres, along with mega industrial parks over 100 acres. “This initiative will create numerous employment opportunities,” he explained. “The government’s commitment to providing essential infrastructure - road, water, and electricity - to these parks will encourage genuine entrepreneurs to invest, particularly in proximity to major port cities.”
Convenor, CII AP Tech Adoption, Digital Transformation and Industry 4.0 GS Sivakumar highlighted the role of cooperative federalism in these new policies. He lauded the introduction of a single-window system for approvals through a dedicated regional Economic Development Board.
“The AP industrial policy is unique, featuring a first-of-its-kind de-carbon subsidy for green industries,” he stated. “This initiative allows domestic firms to compete effectively against international players, aligning industrial growth with global climate goals. The competitive incentive structure and the ‘Speed of Doing Business’ initiatives will significantly reduce operational hurdles for businesses,” he added.
Speaking on the occasion, DT Raju, former chairman of CII-AP, expressed gratitude for policies aimed at revitalizing the food processing sector. “By aligning with the One District One Product (ODOP) initiative, the government is promoting balanced regional development, fostering socioeconomic growth, and attracting investment to enhance
manufacturing and exports,”
he noted.