Andhra Pradesh - Investment and Industrial Policies
It has been said that the 21st century will belong to biotechnology. Pathbreaking research in this area in recent times has revolutionised the way in which scientists view living matter. The announcement of the completion of the Human Genome Project in June, 2000 and placing the available human gene sequence database in the public domain has opened up exciting new opportunities in the development gene-based technologies.
In the GO first read above, orders were issued on food processing policy of Andhra Pradesh state and extending various incentives and concessions to the Food Processing Industries in the state. In the GO second read above operational guidelines were also issued for implementation of the Food Processing Policy in the state.
Industries - Industrial Policy 2005-2010 - Government have introduced Industrial Policy to drive industrial growth by clearly spelling out various components of incentives being offered, supply of quality power, improved infrastructure facilities etc. It reflects the many location specific factors that shape the opportunities and incentives for firms to invest productively, create jobs, and expand. To remove the existing barriers; and for creation of congenial and hassle-free investment climate and also to boost investor confidence, a series of proactive measures are being proposed.
In order to promote sustained growth of ICT sector not only to enhance the balanced regional socio economic development but also to spread the usage of IT to the last mile of the State for the benefit of common man, Government has announced the ICT Policy 2010-2015 vide first read above. The ICT Policy is effective for a period of five years w.e.f., 07-07-2010. Further, in order to implement the Policy pronouncements and initiatives, it was decided to issue operational guidelines separately thereon.
Government of Andhra Pradesh have decided to undertake Mega Infrastructure Projects in the State to attract Industries and for the overall development of the State. As a first step taken to accelerate the sanction and implementation of the Projects in a transparent manner, the Government in the G.O.first read above, has constituted a High Level Task Force and identified 31 Mega Infrastructure Projects for immediate implementation with Private Sector Participation.
The minerals and metals have formed an integral part of man's material needs. Even the various civilizations have been named after minerals and metals like Stone age, Copper age, Bronze age, Iron age and now the Atomic age or Uranium and Plutonium age. Koutilya in his Arthasastra has stated that "the wealth of the State is its source in the mining and metallurgical industry; the power of the state comes out of these resources".
Andhra Pradesh has embarked upon a Mission, which is, to be at the forefront of industrial development in the country by the year 2020. The Government is conscious that fulfilling this Mission needs not only ideas and dreams but also a lot of hard, realistic planning guided by well spelt out policy directions.
Tourism is a major growth engine for economic development in providing employment and eradication of poverty. 10.7% of the total "workforce in the world is contributed today by the tourism industry. It has currently provided employment to 212 million persons generating an income of 655 billion dollars. The size of the industry is more than 7 trillion dollars now.
Multi-fiber agreement, which envisaged quotas of production to different countries, has expired on 31st December, 2004. This has opened up many opportunities for textile and apparel industry in the country. Given its labour intensive nature, Textile and Garment Industry can provide employment on a large scale especially for young women. Andhra Pradesh is the third largest cotton producer in the country. Hence Textile and Garment industry requires special emphasis and focus.