The ANDHRA PRADESH: A SOUTH-EASTERN COASTAL STATE IN INDIA PRESENTS FDI SCOPE IN INDIA
FOREIGN DIRECT INVESTMENT (FDI) IN ANDHRA PRADESH By World Media Network
INTRODUCTION: Andhra Pradesh, additionally referred to as Andhra or Andhra -Rashtram, is a state within the south-eastern coastal region of the Republic of India. The state is covering space or so 162,975 km². Seventh-largest & 10th most thickly settled state with 49,386,799 inhabitants. The population is four.97 Cr(2011) altogether 13Districts.
Districts of Andhra Pradesh
DISTRICTS OF ANDHRA PRADESH
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Kurnool J-R |
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Vizianagaram |
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ANDHRA PRADESH INDUSTRIES “WMN” GUIDE
Key Industries:-
- Agro and food-based, biotechnology, bulk medicine and prescribed drugs, IT and ITeS, textile and animal skin, tourism, automobile and auto parts, gems and jewellery.
- Andhra Pradesh is home to several international and national company players, and numerous corporations have found out their producing hubs in multiple cities of the state.
- Pharmaceuticals exports from the state stood at US$ one.15 billion in 2019 and US$ one.41 billion till Feb-2020.
- The presence of wealthy environmental condition and soil conditions makes the state a significant agricultural belt. Few of the leading crops produced within the state embody rice, chilly, oilseeds, cotton, pulses, and gram.
- Andhra Pradesh hierarchic 1st in egg production, fourth in meat production and fourth in milk production within the country throughout 2018-19. it’s additionally home to a thriving fisheries trade and employs about one.45 million individuals, and contributes thirty-six per cent of the whole worth of ocean food export from the country. The state’s export of marine merchandise exaggerated to US$ 932.43 million in two018-19 and reached US$ 2,193.25 million in 2019-20 (till February 2020).
- As of Apr 2020, the state had one,532 primary health centres, 7,459 sub-centres, forty-seven sub-district hospitals and twenty-six district hospitals.
- According to the Director-General of Hydrocarbons (DGH), the state has vast oil and fossil fuel reserves. Production of fossil oil and fossil fuel within the state was recorded at 216.51 thousand metric tonnes and 847 million solid metres (MCM) throughout 2019-20, severally.
- The state’s Krishna-Godavari basin, adjoin a part of nearly fifty 52000 sq. km, contains a total organic compound resource base of one,130 million metric tonnes to market investment within the trade, state rock oil, Chemicals and Petrochemicals Investment Region (PCPIR) is being found out.
- Andhra Pradesh is understood for its pristine beaches, sacred places of worship, lush inexperienced forests, spicy preparation, and hospitable individuals. In 2019, domestic holidaymaker arrivals stood at 195.8 million, whereas foreign holidaymaker arrivals stood at zero.23 million.
ANDHRAPRADESH-FDI INVESTMENT PRESENT SCENE
“WMN” BROAD VIEW & BUSINESS SUPPORT
- States (GSDP) was Rs. 10.08 trillion (US$ 154.62 billion) in 2019-20.
- The GSDP grew at a CAGR of fifteen.38 from 2015-16 to 2019-20.
- FDI equity flow worth US$ nineteen.19 billion between Gregorian calendar month 2000 and March 2020(DPIIT Source).
- According to sources, in 2020, the state had twenty operational SEZs (Special Economic Zone), 32 SEZs with formal approvals, four SEZs with in-principle permission, and 27 notified SEZs. SEZs were unfolded across wide-ranging sectors that embrace textiles & apparel, food metal, footwear & animal product merchandise, multi-product, prescription drugs, IT SEZs, etc.
ANDHRA PRADESH & FDI MAJOR ANNOUNCEMENTS
1. In the year 2019, 139 investment intentions worth Rs. 18,823Cr (US$ 2.69 billion) were registered in the state.
2. NOVARTIS Launches BIOME India, its first Asian digital innovation hub in India.
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TARGETED INDUSTRIES –“WMN” KEY ROLE
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PARADISE FOR INVESTORS
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- Govt. plans to line up AP Green Energy Corporation with a mandate to put in 8,000 MW to ten,000 MW of dedicated solar power energy capability.
- The government plans to develop a Greenfield Port at Ramayapatnam to satisfy the ever-increasing demand under the owner (landlord) model with the artificial deep harbour on associate degree open straight to shore, protected by breakwaters.
- The calculable value for phase I is Rs 3,736 Cr (US$ 530 million).
- Ports of Visakhapatnam and Ranong in the Asian nation entered a venture (JV) to explore business opportunities.
- Vishakha container Terminal at Vizag port operated the first-ever direct service from Southeast Asian country to North Europe (IEX) & connecting the Mediterranean region.
- MOU (memorandum of understanding) signed between the JSW cluster and province Economic Development Board. The corporate expected an associate degree investment of Rs 4,500 Cr (US$ 623.70 million) to make a groin at Ramayapatnam Port with plans to expand its provision footprint.
- Vijaywada airport was extended from 2,286 metres to 3,360 metres, whereas Rajahmundry airport extended from 1,750 metres to 3,165 metres.
Industrial Development & Economic Growth In Andhra Pradesh
WHY INVEST IN ANDHRA PRADESH?
A Wide Scope With Physical Infrastructure, Skill Development, Social & Urban Infrastructure.
KEY FEATURES:-
- Existing & Planned Airports in Andhra Pradesh.
- PORTS- Poised to become the gateway to the east through coast led development
- Mega Aerotropolis are being developed as India’s gateway to Asia-Pacific on 2150HA land.
- R&D centre, Aviation Education & training facility.
- Multi-Modal logistic centre.
- Potential hub for the “Super connector of airlines.
- The State focuses on upgrading skills through institutes of excellence and sector-specific universities to ensure a highly-skilled workforce.
- Envisions to develop Andhra Pradesh as a sustainable ‘Knowledge’, providing
high – quality, research-oriented, and industrially – relevant education - Facilitate Private Companies to set up Universities in the State
- Enable a sustainable ecosystem of best-in-class education
- Facilitate global varsities to set up their centres in Andhra Pradesh
- Government to extend financial assistance to students of economically weaker section.
- Three International Schools envisaged in Vishakahapattnam, Nellore & Tirupati.
- 18 hole Golf Courses in major Cities
- 10,000 PAX Convention Centre planned in Vishakhapatnam
- Two 5,000 PAX Convention Centres planes in Vijaywada & Tirupati.
ANDHRA PRADESH – DEPARTMENTS & LINKS
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