An industry-friendly ecosystem is being created in Andhra Pradesh to attract investments, Minister for Industries N. Amarnath Reddy said here on Saturday.
He was speaking at a regional convention on ease of doing business organised by the Industries Department. He said the State ranked first in ease of doing business.
He said two major industrial corridors Visakhapatnam-Chennai and Chennai-Bengaluru were passing through the State, greatly enhancing its prospects on the industrial front. He said the State agovernment had released industrial incentives to the extent of ₹2,718 crore, of which the MSMEs got ₹570 crore.
ADVERTISEMENT
The Minister said the Services Guarantee Bill and the Coastal Corridor Bill would be introduced in the State Assembly soon, making it further easier for industries.
Industries Commissioner Siddharth Jain said all clearances would be given without any hassles and most of the transactions could be conducted online by industrialists. He promised industrialists he would personally attend to their grievances.
Visakhapatnam Urban Development Authority Vice-Chairman Basant Kumar said the city was developing into the foremost industrial centre in the State and industrial infrastructure would be further strengthened.
ADVERTISEMENT
AP Eastern Power Distribution Corporation Limited CMD H.Y. Dora said all efforts would be made to provide quality, uninterrupted power to the industrial units.
Y.S Prasad, another official, said the State had signed MoUs for establishment of 400 units in the food processing sector, and half of them were at different stages of execution. Efforts would be made to get the remaining units also grounded.