Investors have lauded the introduction of hassle-free clearance through single-desk clearance and the promise to create a land bank and provide 24x7 power and water.
Hailing the vision of Chief Minister N. Chandrababu Naidu to showcase Andhra Pradesh as an ideal destination for an investment of Rs.2 lakh crore by 2020, many said in next phase, the government should clarify on tax incentives promised in the AP Reorganisation Act.
“I am happy that even the investors from Japan, UAE, Canada and other countries have come forward to invest liberally in Andhra Pradesh. Even while signing 46 MoU with an investment of Rs.35,745 core creating employment for 75,000 in next few years, the government has planned industries across the State to ensure balanced development,” CII Vizag zone chairman Neeraj Sarda told The Hindu on Thursday.
Mr. Sarda, Director of Sarda Metals & Alloys Ltd, said investors were looking at clarity on incentives promised for North Andhra and Rayalaseema and tax holiday after granting special category status. Vizagapatam Chamber of Commerce & Industries secretary S.P. Ravindra said the new industrial policy and Industry Mission had sent positive signals that the State was a virgin market for investment with a lot of opportunities.
Andhra Chamber of Commerce Industry Federation vice-president G. Sambasiva Rao said the need now was to find out viable solutions for development of SEZs.
