In FY22, Andhra Pradesh ranked first in terms of marine exports from India with a 38% contribution to the US$ 7.74 billion worth of total marine exports.
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 the 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 26 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 price, Andhra Pradesh's Gross State Domestic Product (GSDP) is expected to be Rs. 14,39,673 crore (US$ 173.87 billion) for 2023-24. The GSDP increased at a CAGR (in Rs.) of 11.5% between 2015-16 and 2023-24.
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 their proximity to the ports. As on September 30th, 2023, Andhra Pradesh has a total installed power generation capacity of 26,706.21 MW. Of the total, private utilities contributed 16,816.18 MW, state utilities contributed 7,776.38 MW and central utilities contributed 2,113.65 MW.