Andhra Pradesh Government to Foster Development of Private Industrial Parks.

In a bid to transform Andhra Pradesh into a progressive and highly industrialized state, the government has announced a new policy aimed at supporting and encouraging the development of private industrial parks. This initiative is expected to foster industrial growth, create employment opportunities, and attract new investments, which will have a multiplier effect on the economy.

Secretary of Industries Dr. N. Yuvaraj stated that the establishment of private industrial parks equipped with "plug and play" industrial infrastructure will create a conducive environment for enterprises looking to diversify their manufacturing bases and expand into new markets while adhering to climate goals. “This policy aims to attract enterprises that want to establish operations in India, particularly making Andhra Pradesh a favorable investment destination,” he added.

The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) will spearhead the creation of external infrastructure, including roads and water supply, along with capital support for Common Effluent Treatment Plants (CETPs), desalination plants, industrial housing, and other social infrastructure.

Industries Minister B.C. Janardhan Reddy emphasized that the new policy is designed to generate employment and attract investment by fostering a favorable environment for potential developers. “We aim to promote and enable the development of world-class industrial parks by the private sector,” he said.

The Andhra Pradesh Policy for the establishment of private industrial parks, which will be in effect for five years, mandates that all units within the parks share common internal infrastructure, including internal roads, drainage facilities, streetlights, water distribution networks, and energy distribution systems.

The government will recognize the commencement of operations once at least 50% of the designated land for industrial activities has been sold or leased to industrial units. Additionally, at least 50% of the total fixed capital investment planned for the park's development must be incurred to obtain clearance.

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