Last Updated: July 29, 2015
Latest update: July, 2015
Last Updated: July, 2015
ANDHRA PRADESH State Report | March, 2015
Andhra Pradesh (AP) is located in the Southern peninsula of India and has a coastline of 972 km. The state of Andhra Pradesh is bound by Chhattisgarh on the north, Odisha on the northeast, Telangana and Karnataka on the west, Tamil Nadu on the south, and the 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. At current prices, Andhra Pradesh’s Gross State Domestic Product (GSDP) was estimated at US$ 77.2 billion over 2012-13. Between 2004-05 and 2012-13, the average annual GSDP growth rate was 15.2 per cent.
As of July 2014, the state has 17 operational SEZs in the state across diversified sectors which include textiles and apparel, food processing, footwear and leather products, multi-product, pharma, IT SEZs etc. Andhra Pradesh had a total installed power generation capacity of nearly 9,555MW. The state has nine hydro power projects under operation and one under development. The state also has three thermal power projects under operation, two projects under development and two projects under construction.
It is the first state in the country to have enacted the Industrial Single Window Clearance. The Act made it compulsory for new industries to register with the single-window to obtain clearances quickly. It also simplified procedures for getting industrial clearances. The state also has separate acts for development in sectors such as solar power, electronic hardware and food processing.