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AP Chief Minister bags US India Biz Council award

Amaravati : Andhra Pradesh Chief Minister N Chandrababu Naidu has been selected for another prestigious award.  The US India Business Council has selected the CM for award of ‘Transformative Chief Minister’ and Naidu would be receiving coveted award at second annual West Coast summit which to be held in California on May 8. The CM has been requested to deliver his massage on the occasion and CM’s office received the message towards award function. Several prominent personalities and industrialists would attend the meeting. However, the CM would also take part in the interactions after the award function.

Andhra Pradesh Growth Story How State Considerably Improved Its Revenue after Bifurcation

The question is whether the revenue growth will sustain, and how to add the revenue capacity to the state. Following the bifurcation of Andhra Pradesh in 2014, the newly-formed state of Andhra Pradesh comprising coastal Andhra and Rayalseema regions was faced with a major challenge: Hyderabad, the major source of revenue for united AP went to Telangana, and newly-formed AP had to figure out how to generate enough revenue and survive as an independent state. And if the AP budget 2017-18 is anything to go by, CM Chandrababu Naidu and his team seem to have done a good job of improving the revenue.   Before we review the revenue performance of Andhra Pradesh from Budget FY2017–18, it is worth recollecting this statement by Yanamala Ramakrishnudu, the Finance Minister of Andhra Pradesh during the FY 2015–16 Budget Speech. “The State continues to reel under revenue deficit and this deficit continues even after the last year of the award of 14th Finance Commission. Our debt b

Naidu lays foundation for VEM Aerocity in West Godavari district

20 more small units will come up in the vicinity, he says Chief Minister N. Chandrababu Naidu on Saturday laid foundation stone for the construction of the defence spare parts manufacturing company, VEM Aerocity, at Vatluru in Pedapadu mandal in West Godavari district. He went round the photo exhibition arranged by the VEM company executives and interacted with the students. A Skill Development Centre had been proposed in the company to provide training for the youth. Job generation Addressing a meeting later, Mr. Naidu said the government had sanctioned 350 acres for the project, which could generate about 7,500 jobs once the construction of the company was completed. The Government of India listed the VEM Aerocity under A-Category and 20 more small units would come up in the vicinity, he said. Stressing that the government was giving priority for setting up industries and industrial corridors, the Chief Minister said jobs cannot be created without industries and

BUSINESS: CELEBRATING ANDHRAPRENEURSHIP

CELEBRATING ANDHRAPRENEURSHIP ™ The most happening startup fest of Andhra Pradesh is back in Vijayawada. The fest is run by an awesome team of entrepreneurs, freelancers, and volunteers and is the largest conference of, by, and for Andhrapreneurs. StartAP™ is a story of passion, vision & entrepreneurship and how an ecosystem for young entrepreneurs can revitalise the economy in India. StartAP is one of the largest platforms in India of, by, and for entrepreneurs, where thousands meet, share, learn, and collaborate. This is the third edition of StartAP Fest and second one in the Amaravati region.   Register here StartAP Amaravati

Business: Andhra Pradesh is top state in the country for Business Reforms Action Plan Implementation

A ndhra Pradesh is top state in the country for Business Reforms Action Plan Implementation ( www.eodb.dipp.gov.in) AP Industries - Single Desk Portal Business Reforms Action Plan Delighted to see that AP has been ranked as top state in the country for Business Reforms ActionPlan implementation. pic.twitter.com/hq9jtbHKRj — N Chandrababu Naidu (@ncbn) October 26, 2016

Amaravati: Centre to invest Rs. 1.2 lakh cr in petro sector in Andhra Pradesh

The Union government will invest about Rs. 1.2 lakh crore in the petroleum sector in Andhra Pradesh over the next couple of years to make the State a leading petroleum hub, Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan said on Thursday. He was speaking at Vangali village in Sabbavaram mandal of Visakhapatnam district after Chief Minister N. Chandrababu Naidu laid the foundation stone for the Indian Institute of Petroleum and Energy (IIPE) and the Skill Development Institute (SDI). Mr. Pradhan said that the government was keen on setting up the proposed petro-chemical complex in AP and there was no room for any doubt. “We have set aside about Rs. 35,000 crore for the complex and it is likely to come up in the Visakhapatnam-Kakinada- Rajahmundry corridor,” he said. This apart, the Union Government will be pumping in another Rs. 21,000 crore to enhance the production capacity of the refinery of Hindustan Petroleum Corporation Limited in Visakhapa

New Delhi: Govt notifies tax rebate for 7 districts in Andhra Pradesh

Government today said it is extending tax incentives for seven districts in Andhra Pradesh to boost industrial activity. Government today said it is extending tax incentives for seven districts in Andhra Pradesh to boost industrial activity. The incentives have been extended for four districts of Rayalseema and three districts of North coastal region of the state under the Andhra Pradesh Re-organisation Act, 2014. “To further boost the industrial activities, the Central Board of Direct Taxes (CBDT) has notified these seven districts for availing tax incentives under section 32(1)(iia) and section 32AD of the Income-tax Act. “Accordingly, any manufacturing undertaking set up during the period from April 1, 2015 to March 31, 2020 in these districts of Andhra Pradesh is eligible for 15 per cent of higher additional depreciation and 15 per cent of investment allowance on the cost of plant and machinery acquired by it during the said period,” the Finance Ministry said in a stat

Andhra Pradesh Industries Promotional Video

Andhra Pradesh Investment-Policies Facts of Andhra Pradesh

Andhra Pradesh: Construction on BEL's advanced night vision facility to begin

BENGALURU: State owned Bharat Electronics announced on Saturday that it will be setting up an advanced night vision products facility in Krishna District in the state of Andhra Pradesh. The factory, which will be a major step in advanced electronic products production in India will be set up at Nimmaluru village near Machilipatnam and will be the largest such facility in the country once commissioned, covering an area of over 50 acres. According to BEL, the new facility will be built in several stages with an estimated investment of about `300 crore over a four-year period. “The new facility has been planned now to establish a state-of-the-art factory to cater to the futuristic requirements for Night Vision Products,” BEL CMD S K Sharma said in the BEL statement. adding that the public Sector undertaking’s venture is a significant step forward in building up indigenous development capacities of critical defence systems. “BEL is coming up with a modern Defence System

RBI report on ‘Private corporate investment’: 4 states corner over 50 per cent of project loans

Andhra Pradesh accounts for almost 16% of total banks and financial institutions funded projects in 2015-16; Maharashtra second. Four states — Andhra Pradesh, Gujarat, Maharashtra and Tamil Nadu — accounted for more than 50 per cent of the projects funded by banks and financial institutions (FIs) in 2015-16, leaving more populated northern states far behind. Andhra Pradesh, which has embarked upon building infrastructure to develop a new capital and other infrastructure requirement following bifurcation of the state into Andhra Pradesh and Telangana, alone has accounted for almost 16 per cent of the total banks and financial institutions funded projects in 2015-16. According to a Reserve Bank of India (RBI) report on ‘Private corporate investment’, Maharashtra came second by bagging 14.8 per cent of the projects funded by banks and FIs. It was followed by Gujarat (14.5 per cent) and Tamil Nadu (9 per cent). In FY 2015-16, 41 banks and FIs sanctioned financial assistance

Visakhapatnam gears up for 3rd BRICS Urbanisation Forum Meet

In Andhra Pradesh, the Visakhapatnam district administration and city police are geared up for the smooth conduct of the 3rd BRICS (Brazil, Russia, India, China and South Africa) Urbanisation Forum Meet with the theme- “Building responsive, inclusive and collective solutions for urbanisation”. The Union government had selected Visakhapatnam for hosting the summit wherein delegates will discuss investments, urbanisation, formation of new cities and policies and will explore solutions for the challenges. The conference would discuss how to increase the productivity, how to make a separate urban finance system and creation of employment opportunities. The three-day meet beginning today will be inaugurated by Chief Minister N. Chandrababu Naidu in the presence of Union Minister of Urban Development, M. Venkaiah Naidu and other dignitaries. With an eye on promoting ‘Sunrise Andhra Pradesh’ on the global arena, the state government had also gone all out with convening seve

Making Amaravati a reality

To realize his audacious goals, perhaps Chandrababu Naidu will need three to four terms in office to ensure Amaravati becomes his vision of ‘world-class’ city Andhra Pradesh chief minister Chandrababu Naidu has been clever with his choice of location. To minimize risk, the ‘capital region’ is strategically located between two major urban agglomerations—Vijaywada and Guntur. Photo: Reuters The development of Amaravati on a greenfield site of 217 square kilometres is by far the most audacious project undertaken by Andhra Pradesh chief minister Chandrababu Naidu. His previous goals pale in comparison to this one. City-building, as global and Indian experiences suggest, is a feat in itself. Why? Because globally, most economically vibrant cities have developed organically. Building cities inorganically entails significant risk in thinking through and developing the human capital, infrastructural, financial and administrative dimensions, all of which are interrelated. In effect i

Investing in cities ahead of demand, says Naidu

Keen on developing cities by design,not demand Chief Minister N. Chandrababu Naidu has reaffirmed his Government’s commitment to invest in the cities in anticipation of future requirements and give them freedom to raise substantial investment resources by monetising their land assets. The Chief Minister said the Government was exploring opportunities with companies across the world to find partners to develop state of the art urban solutions. “Andhra Pradesh does not want to under invest in its cities,” he averred. The Chief Minister was addressing the participants of the World Economic Forum meeting in Tianjin in China on Monday. He elaborated the State Government’s efforts to build a world-class city in Amaravati which had historical background and said “we are keen on developing cities by design not on demand”. Accordingly, the Government was striving to invest in network of the cities — integrating the smaller towns around the core region. It had taken adequat

AP Transco to invest Rs. 8,521 cr. to boost power

AP Genco proposes to add 11,210 MWby 2022 The AP Transco will invest Rs. 8,521 crore in the next two years to strengthen its Extra High Voltage Transmission Network and increase power availability in the State. Likewise, the AP Genco will invest Rs. 65,249 crore during 2016-22 to add additional capacity of 11,210 MW, according to AP Transco CMD and AP Genco MD K. Vijayanand. Substations Addressing the press here on Tuesday, he announced the financial results of AP Transco and AP Genco for 2015-16. Mr. Vijayanand said that Transco proposes to construct 88 substations and 3,794-km line length during the next three financial years. The substations with the voltage levels of 132 kV, 220 kV, 400 kV would be constructed. Transco had also drawn up plans to construct 400 kV level ring main substations around the Capital region. These substations would come up at Eluru, Chilakaluripeta, Gudivada, Tullur/Inavolu, he said. Mr. Vijayanand said that the RTPP stage-IV, Na

Andhra Pradesh to start Internet-based phone service

Close to 2,500 sub-stations will have Points of Presence from where cable operators can take optic fibre to households. Andhra Pradesh is perhaps the first State to have obtained a telecom licence and it can issue phone numbers starting with the ‘797’ series from August this year! It indirectly got the opportunity to start an internet based telephone service ‘without requiring any further registration’ after it obtained permission from the Telecom Ministry for starting its own IPTV — Internet Protocol based Television network — as part of its Fibre Grid project. Although it primarily aims at providing affordable net connectivity in every corner of the State, “the government can provide free telephone services within the region through internet which means you can also skype and have video calls,” explains S. Harikrishna, Executive Director of A.P. State FibreNet Ltd, the special purpose vehicle. Tenders floated Tenders have already been called for making ava

The numbers in Andhra Pradesh are just amazing

C isco Systems designs, makes, and sells the routers, switches, and other networking equipment with which businesses connect their computers, manage data centers, and access the Internet. Since its founding in 1983 as a maker of multiprotocol routers, it has survived every market change through aggressive acquisition, sometimes of competing technologies. John Chambers, who led much of Cisco’s growth, retired as CEO in 2015, after 20 years, but continues to serve as executive chairman. Jason Pontin,  MIT Technology Review’ s editor in chief, spoke to Chambers in India, where he was conferring with Narendra Modi about the prime minister’s campaign to bring Internet access and services to the country’s vast population. What are the challenges in giving online access to nearly everyone in the world? The number one objective is that people who make the investment in digitization, whether they are governments or service providers, get a reasonable return. Some programs have not mov