The Visakhapatnam port in Andhra Pradesh ranks fourth in terms of port traffic in India. In FY22, the traffic handled at the port was 69.03 million tonnes.
Andhra Pradesh (AP) is located in the southern peninsula of India. The state shares its borders with Chhattisgarh on the north, Odisha on the northeast, Telangana and Karnataka on the west, Tamil Nadu on the south, and Bay of Bengal on the east.
The erstwhile state of Andhra Pradesh has been bifurcated into two states, Telangana and residuary Andhra Pradesh (Seemandhra), by the Andhra Pradesh Reorganisation Act, 2014, or the Telangana Act. The Act consisted of the aspects of the division of assets and liabilities, the boundaries of the proposed new states, and the status of the capital city Hyderabad after the separation of the state.
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 a 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.
With 13 districts and a geographical area of 1,62,970 sq. km., Andhra Pradesh ranks as the 8th largest state in the country. The state has a well-developed social, physical, and industrial infrastructure, as well as virtual connectivity. It also has good power, airport, IT, and port infrastructure. At current prices, Andhra Pradesh's gross state domestic product (GSDP) stood at Rs. 1,201,736 crore (US$ 157.36 billion) for 2021-22. The GSDP increased at a CAGR of 12.14% from 2015-16 to 2021-22. The Gross Value Added (GVA) growth stood at 18.47% during 2021-22.
The government is striving towards creating quality infrastructure, coupled with a congenial industrial environment in the state, to make AP an attractive destination for both domestic and foreign investors.
Andhra Pradesh has most of the power projects of undivided Andhra Pradesh. Coal-based power plants are mostly located in the state due to proximity to the ports. As of March 2022, Andhra Pradesh has a total installed power generation capacity of 25,726.89 MW. Of the total, private utilities contributed 16,647.39 MW, state utilities contributed 6975.18 MW and central utilities contributed 2,104.33 MW.
Government of India, the Government of Andhra Pradesh, and the New Development Bank (NDB) today signed two loan agreements worth US$ 646 million for upgrading State Highway Network and District Road Network in Andhra Pradesh.
The larger objective of ranking states based on their performance in the implementation of Business Reform Action Plan is for attracting investments and increasing Ease of Doing Business in each State.