Andhra Pradesh is located in the Southern peninsula of India and has a coast line of 974 km. The state is bound on the North by Odisha and Chhattisgarh, on the East by the Bay of Bengal. It is the fourth-largest state in India after Rajasthan, Madhya Pradesh and Maharashtra.
The state has well-developed social, physical and industrial infrastructure and virtual connectivity, has good power, airport, IT and port infrastructure.
Andhra Pradesh has emerged as a key state for the knowledge-based industry including IT, pharmaceuticals and biotechnology. Over 70 of the 500 top global corporations are present in the state.
With a total of 75 special economic zones (SEZs), the State also witnessed foreign direct investment (FDI) equity inflows worth US$ 6 billion during April 2000 to April 2011, according to Department of Industrial Policy & Promotion (DIPP).
The GSDP of the state grew at a compound annual growth rate (CAGR) of 14.9 per cent between 2004-05 and 2009-10. Andhra Pradesh’s exports increased at a CAGR of about 29.3 per cent between 2005-06 and 2009-10. Vast natural gas reserves found in the Krishna–Godavari basin have opened up immense possibilities for the state economy.
Moreover, the state offers a wide range of fiscal and policy incentives for businesses under the Industrial Investment Promotion Policy, 2010-2015. Additionally, the state has well drafted sector-specific policies, besides having a large base of skilled, semi-skilled and unskilled labour, making it an ideal destination for the knowledge sectors.State Presentation (November 2011)
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