Last Updated: April 09, 2014
Latest update: April, 2014
Last Updated: April, 2014
ANDHRA PRADESH State Report | March, 2014
Andhra Pradesh (AP) is located in the Southern peninsula of India and has a coastline of 974 km. The state is bound by Odisha and Chhattisgarh on the north, Maharashtra and Karnataka on the west, Tamil Nadu on the south and Bay of Bengal on the east.
The state has well-developed social, physical and industrial infrastructure and virtual connectivity. It also has good power, airport, IT and port infrastructure.
As of June 2013, AP had 39 operational special economic zones (SEZs), higher than any other state in the country. It is host to 71 out of 500 top global corporations and has the highest number of IT SEZs in India (56 as of 2012–13). It is the fourth largest IT exporter in India, accounting for 12.5 per cent of the country's total IT exports.
AP is the largest producer of barytes and limestone in India. It also has the largest reserves of granites (estimated at 2.4 billion cubic metres) and beach sand (241 million tonnes) in the country.
At current prices, AP's gross state domestic product (GSDP) was estimated at US$ 137.3 billion during 2012–13.
It is the first state to develop an Electronic Hardware Policy in India (2012–17), wherein, the state government plans to provide incentives for setting up more than 200 electronic manufacturing clusters in the state. The state offers a wide range of fiscal and policy incentives for businesses under the Industrial Investment Promotion Policy, 2010–15.