KACHARAGADLA

The fresh round of investments will be in addition to the Rs10,000 crore the group has already invested in the southern state in sectors including retail, telecom and cement Visakhapatnam:  Aditya Birla Group on Friday said it will invest Rs 7,000 crore in the next two years in Andhra Pradesh, one of the first big-ticket announcements at the start of the second edition of the state’s partnership summit with the Confederation of Indian Industry (CII). The fresh round of investments would be in addition to the Rs 10,000 crore the group has already invested in the southern state in sectors including retail, telecom and cement. The AP government is expecting to sign over 400 memorandums of understanding (MoU) in the two-day event valued at over Rs 7 trillion across sectors such as aerospace and defence, oil and natural gas, automobiles, life sciences, electronics, energy and minerals. The new investments would help expand existing businesses, Kumar Mangalam Birla, chairman of t

Visakhapatnam:  Following the launch of the pilot in June 2016, that tested a new Sowing Application for farmers combined with a Personalized Village Advisory Dashboard for the Indian state of Andhra Pradesh, the results show a 30% higher average in yield per hectare. The Sowing App was developed to help farmers achieve optimal harvests by advising on the best time to sow depending on weather conditions, soil and other indicators. The pilot was implemented in Devanakonda Mandal in Kurnool district and the Advisory applied only to the groundnut crop. This was made possible through a partnership between the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), Microsoft, and the Andhra Pradesh government. The pioneering digital tools were released as part of the Andhra Pradesh Primary Sector Mission (APPSM) also known as Rythu Kosam. The results of the pilot were announced today at a panel discussion at the 20th National Conference on e-Governance taking place

No other state in India has a data portal as comprehensive or transparent as Andhra Pradesh’s As cyclone Hudhud raged on 12 October 2014, a different storm was brewing within the leadership of the newly formed state. Andhra Pradesh was still recovering from an unsavoury separation with Telangana, along with a large revenue deficit. Despite such challenges, the vision set out by the chief minister and his team was ambitious. Around the same time as the cyclone, Nara Chandrababu Naidu announced his vision for Andhra Pradesh to become one of the three best states in India by 2022 and the best state in terms of inclusive development by 2029. In November 2014, Naidu visited Singapore, where the idea of an investment promotion and monitoring body like the Economic Development Board (EDB) of Singapore was conceived. In addition, to better monitor the recovery process following Hudhud, the chief minister asked his state planning department to put together a real-time dashboard, which wou

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

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

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

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 Investment-Policies Facts of Andhra Pradesh

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

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

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

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

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

On the first day of his four-day trip to China, Andhra Pradesh Chief Minister N Chandrababu Naidu today held a meeting with Sri Lankan minister Malik Samara Vikrama in Tianjin city and discussed the possibility of the two governments working together for tourism promotion.  Delighted to have explained about #Amaravati to Sri Lanka's Minister Malik Samarawickrama. #ChinaTrip pic.twitter.com/2TYDRkL0fZ — N Chandrababu Naidu (@ncbn) June 26, 2016 Chandrababu Naidu reached Tianjin this afternoon via Hong Kong along with a 12-member delegation to promote the state. A communication from his office here said the Sri Lankan minister enquired the Chief Minister on the progress made in building the state's new capital Amaravati.  "The Sri Lankan minister conveyed his Prime Minister's greetings to the Chief Minister. He also invited Chandrababu to visit Sri Lanka. Both the governments have agreed to work together for promotion of tourism," the co

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