The Andhra Pradesh government is mulling to introduce spot approvals system, exemptions of seeking approvals for investments in certain category of industries and assignment of inspection to technical experts in the private sector.
This was stated by Chief Minister N. Chandrababu Naidu at a round-table with key investors in Mumbai on Monday. Earlier, he delivered a keynote speech at the CITI India Investor Conference-2015 on the investment opportunities in Andhra Pradesh.
Speaking at the round-table, Mr. Naidu said that government’s thrust areas included plans to establish Life Sciences Hub, an Automobile Hub, Food Processing Parks, Mineral Processing, Defence & Aerospace Hubs, Industrial Townships, Petro-Chemical Complexes, Integrated Textiles and Apparels Parks and Electronic clusters.
On the ease of doing business, he said, the united AP was the first State in the country to introduce a Single Window Act in 2002 and at present, a single-desk mechanism was being streamlined. He said clearances would be given in a maximum of 21 days and the government would make a provision for deemed approvals and exemptions.
“We will also provide hand-holding services to investors, and enable them to file online applications,” he added.
Andhra Pradesh also has sector-specific policies for customised impetus to the thrust sectors. The policies that have been formulated include Solar & Wind Policy, IT Policy, Electronics Policy, Innovation and Start-up Policy, Industrial Water Policy and Tourism Policy. A new industrial policy, PPP policy, Textile & Agro-Processing, Port Policy and Maritime Board Act and Private Universities Bill were on the anvil, the Chief Minister said.
He further said that AP also had a transparent policy on land allotment and has a land bank of one million acres, adding that the State was also mulling construction of Smart Industrial Townships on PPP basis.
Keen investorsSuez Energy International’s Bernard met the Chief Minister and evinced interest in investing Rs15,000 crore in different sectors. He briefed the CM that the company had strong presence in gas and energy sector globally. Rajeev Shukla of Suzlon Group informed Mr. Naidu that he was keen on introducing hybrid technology in the solar and wind sectors in AP.
