AP CM Chandrababu Naidu unveils industry policy

There is also a single-desk portal that grants clearances for industrial projects within 21 days. The state government also signed 46 MoUs with 46 companies from India as well as from countries like Japan, the UAE and Canada attracting investments worth Rs 35,745 crore. Addressing a large gathering of investors, entrepreneurs and industrialists, Mr Naidu urged foreign investors to make AP their second home and invest in the state, as power, water and land are abundantly available here and the required infrastructure is being created.

“Earlier, we had some power supply issues. Now there are no power cuts. We have now shifted our focus towards supplying high quality power by reducing the wastage from the present 12.5 per cent to the international standard of 6 per cent. We have set the target of obtaining one million acres of land across the state to keep ready for investors. For water supply, we are planning intra-linking of Godavari and Krishna rivers,” Mr Naidu said.

He further said that the required infrastructure is also being created for which the state government will be spending or investing Rs 12.5 crore by various methods within five years.

“We will develop airports, ports, roads, railways, inland waterways etc,” said Mr Naidu. The CM said that, the present industrial sector contribution to the state’s GSDP is 21 per cent and he aims to enhance it to 25 per cent within five years through the new Industry Mission, which is one among seven ambitious missions. Mr Naidu said he has plans to make AP the number one state in the country by 2029.