AP Chambers convened a Press Meet today on the new industrial policies approved by the State cabinet yesterday. AP Chambers President Potluri Bhaskara Rao said, “Chief Minister N Chandrababu Naidu said earlier that the State government will come up with one of the best policies in the country for different sectors. As promised by him, the State government announced around six policies yesterday that will help attract investment and boost the economy of the State.
“The State government has announced the development of industrial parks with People Public Private Partnerships (PPPP) with Speed of Doing Business. Parks will be established on lands owned by private parties and the infrastructure will be developed by the government. With the announcement of the new industrial policies, the economy of the State is poised to grow and prosper.
“The government has brought down the rate in Mallavalli Industrial Park in Krishna district to the earlier rate of Rs. 16.5 lakhs per acre along with the development of industrial infrastructure in the industrial park. “We express our gratitude to the Hon’ble Chief Minister, Ministers and Secretaries for coming up with excellent policies.”
AP Chambers’ General Secretary B Raja Sekhar said, “The new policies are excellent and many of our suggestions were considered in the policies. They have announced separate incentives for companies based on the scale of their investment and employment generation. By 2024-29, the government is targeting an investment to the tune of 10 billion USD with 2 million jobs (direct and indirect), of which 1.5 billion USD (approx.) will be reimbursed to the respective investors.”
AP MSME Industries Association General Secretary M S Ramachandra Rao stated, “The State government has extended the industrial policy to include MSMEs and Entrepreneurs. The government wants to establish one industrial estate for every assembly constituency and bring one entrepreneur from every home. They have announced many initiatives such as ideation assistance, trade related assistance, technical know-how centres, global market linkages to 500 best MSMEs, seed capital incentive, local procurement policy, energy conservation, skill development for increasing the employment of the local workforce. We see a bright future for the State.”
AP Chambers’ Energy Committee Vice Chairman B Phani Chandra said, “The current integrated energy policy has the potential for investment infusion and job creation of 10 Bn USD and 2 Mn USD. The Fixed Capital Investment (FCI) subsidy of 25% for solar manufacturing and 30% for green hydrogen is commendable. AP Chambers’ suggestions were incorporated in the new AP Clean Energy Policy. Further, we are requesting State government to extend the solar rooftop schemes for MSMEs and Agriculture sectors.
“Additionally, AP Electronics Policy is very apt. Under the policy, once the project is grounded, incentives will be given by the government based on the employment generation, amount of investment, taxes paid, etc. Fixed Capital Investment subsidy of 30% to industries and 20% to services sector, salary reimbursement of Rs. 4,000 and Rs. 6,000 to male and female employees for 6 months were announced.”
AP Chambers Affiliates Council Vice Chairman G Radhika said, “We express our gratitude to the State government for reducing the rates of the Mallavalli Industrial Park for confining to the old rates.”
AP Chambers Board Member D Aparna mentioned, “We are sincerely thank the Hon’ble Chief Minister for bringing in new policies including one entrepreneur from every home with good initiatives for women entrepreneurs which will help increase women entrepreneurship from existing 3% to 30% in the next few years.”
