Advantages of Andhra Pradesh
To the investors, Andhra Pradesh, offers both natural and competitive advantages.
Andhra Pradesh is a mineral-rich state, ranked second in India, containing a vast and variety of mineral wealth. There is still under-tapped and untapped mineral wealth throwing up many opportunities in this field for the new entrepreneurs. The state accounts for considerable reserves of important minerals in the country.
Endowed with fertile land, water and a range of agro-climatic conditions, Andhra Pradesh is an agriculturally prosperous state. To foster agriculture research and development, Andhra Pradesh has one Agriculture University and seven Agricultural Colleges, strong R&D infrastructure and institutions such as CCMB, ICRISAT, NARM, MANAGE and NIRD .
Andhra Pradesh provides a cosmopolitan environment with good quality of life at comparable costs.
Andhra Pradesh has skilled and dedicated workforce and a large number of universities, technical colleges, ITIs, polytechnics etc. With all the inherent strengths of a dynamic industrial economy, Andhra Pradesh is the right choice for your business endeavours.
Andhra Pradesh is home to many manufacturing and service industries such as Information Technology, Bulk Drugs & Pharmaceuticals, Agro Processing, Mineral based Industries, Engineering Industries, Textiles, Leather Goods, Gems and Jewellery.
Andhra Pradesh's pharmaceuticals sector is internationally known for its skills in chemical synthesis and process engineering on the one hand, and its commitment to the invention of new molecules on the other.
Special Incentives and Services for the Mega And Pioneer Industry
Apart from the general run of incentives, for major and medium industries, the Government deems it necessary to offer secial incentives for mega projects. In the Case of mega projects, which are defined as those with a project cost exceeding Rs. 100 crores, there is always keen competition from other states, as these projects create their own infrastructure and contribute in a large measure to the development of the economy, employment potential and also to the revenues of the State, by way of the purchasing power they create.
Sales Tax Incentives
As Sales Tax incentive, under the existing scheme, for large and medium scale industries, industrial units set up in the districts of Srikakulam, Ananthapur and Adilabad are eligible for sales tax deferment facility, upto a maximum of 100% of fixed capital investment, over a period of 10 years, from the date of commencement of commercial production. Industrial units set up in the districts of Nalgonda, Warangal, Khammam, Medak, Karimnagar, Nizamabad, Kurnool, Cuddapah, Chittoor, Nellore, Vizianagaram and Prakasam, are eligible for sales tax deferment facility upto a maximum of 75% of the fixed capital investment, over a period of 10 years, from the date of commencement of production.
Financial Assistance in AP
Aerospace SEZ
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