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New Indian Express
3 days ago
- Business
- New Indian Express
AP attracts Rs 9.2 lakh crore investments in 11 months
VISAKHAPATNAM: Andhra Pradesh has attracted Rs 9.2 lakh crore investments over the past 11 months, generating expectations of over 8.5 lakh new jobs, Industry Minister TG Bharath said on Tuesday. He was speaking at the first edition of Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Excellence Awards 2025 in Visakhapatnam. He credited the investment inflow to the pro-industry policies of the NDA government under Chief Minister N Chandrababu Naidu. 'We are prioritising investor confidence and working to resolve issues faced by industries,' he said. Highlighting recent policy measures, Bharath noted that AP now offers one of the most competitive industrial policy frameworks in the country. He urged business leaders to take advantage of various State incentives, and pointed to the Speed of Doing Business initiative as a key mechanism for facilitating faster approvals. Visakhapatnam MP M Sribharat addressed the gathering, and encouraged industry leaders to identify challenges and contribute innovative solutions. 'Your ideas can help shape the future of industry in Andhra Pradesh,' he said. FAPCCI president Kankatala Mallikharjuna Rao spoke about the State's MSME policy and its benefits for the tourism sector. The event also featured presentation of excellence awards in 11 categories.
Time of India
3 days ago
- Business
- Time of India
Andhra Pradesh attracted Rs 9.2 lakh crore investments in 11 months, says industries minister Bharat
1 2 3 Visakhapatnam: Industries minister TG Bharat on Tuesday said the NDA govt in the state had drawn investments worth 9.2 lakh crore within 11 months — an achievement the previous YSRCP regime failed to match in five years. The investments are expected to generate over 8.5 lakh employment opportunities. Addressing the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Excellence Awards 2025 as chief guest, Bharat emphasised the govt's industry-first approach. "Our focus is on restoring investor confidence and addressing the long-standing concerns of the industrial sector," he noted. Highlighting reforms, Bharat said Andhra Pradesh now has among the most competitive industrial policies in the country. He urged entrepreneurs to leverage state-provided incentives and cited the "Speed of Doing Business" initiative for expediting approvals. He also called on businesses to participate in the P4 (People-Public-Private Partnership) model for inclusive growth. Visakhapatnam MP M Sribharat urged industry leaders to identify challenges and offer transformative ideas. "Your innovation could be the game changer Andhra Pradesh needs," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 나이들어 노안+백내장 절대 방치 하지 마세요! 부산백내장노안 전문안과 더 알아보기 Undo FAPCCI president Kankatala Mallikharjuna Rao commended the state's MSME policy, highlighting its generous incentives for tourism projects. These include a five-year 100% SGST exemption from the start of commercial production, full reimbursement of land conversion fees, and industrial tariffs for power bills. He assured that all reimbursements would be processed within six months. Awards were presented in 11 categories. Nekkanti Sea Foods Ltd, Visakhapatnam, was honoured for Excellence in Agri & Aqua Based Industries. Other winners are Ananda Enterprises (Export Performance – MSEs), Efftronics Systems (Product Innovation), and Ms. Annandi Suneetha (Outstanding Women Entrepreneur). Recognitions were also given to Steelon Call (Start-up), Divi's Laboratories (CSR), ITC – Agri Division (Employee Welfare), CCL Products (All Round Performance), Dalmia Cement (Green Energy), Aravind Industries (Rural Entrepreneurship), and Sarda Metals (Export – Large & Medium Enterprises).
