Total of 175 industrial parks in two years
Vijayawada: Industries Minister TG Bharath and MSME minister for MSME Kondapalli Srinivas have released the AP Industrial Development Policy 4.0, the AP MSME and Entrepreneur Development Policy 4.0 and guidelines for the AP Food Processing Policy 4.0 here on Friday.
Later, Bharath told the media that the government was providing the best incentives to set up the industries in the state and promised to release the subsidy arrears of the previous years.
Srinivas promised to set up an industrial park in every district in two months -- a total of 175 industrial parks in two years. He wanted to ensure one industrial park for each mandal to also generate 20 lakh jobs. “We are also adding the P-3 and P-4 models for developing industrial parks.”
Industries secretary Yuvaraj said that as part of the Ease of Doing Business initiative, the government was contemplating withdrawal of the norm for field visit to set up industrial units. “We would give preference to the industries that focus more on employment generation.”
