PNS|Vijayawada
Minister for Industries Gudivada Amarnath has said that the New Industrial Policy has been designed keeping in view the investors’ ideas.
The Minister launched the New Industrial Policy 2023-27 YSR AP 1 portal at a programme in Visakhapatnam on Monday. Industries department Special CS Karikal Valaven, Director Srujana, and others were present.
Speaking on the occasion, Minister Amarnath said that henceforth, the Industries department will accept applications to set up new industries in AP through the new app. He said that the new policy was formulated on the advice of Chief Minister YS Jagan Mohan Reddy. He said that the policy was brought without any trouble for the investors. He said that the land allocation through APIIC will be completed in three weeks under the new policy of State Economic Development. Through the app, 90 permits from 26 departments will be provided in 21 days. The GIS Summit focused on development in 14 sectors. Green hydrogen and electric vehicle sectors will be developed. He said that investments to the tune of Rs 15,000 crores are coming in the defense sector.
He said that they would set up YSR AP 1 working centre at Visakhapatnam and focus on the construction of new ports. “We are planning to have nine fishing harbours and 10 ports in the State. Industrial parks will be set up in PPP mode and Sri City is a good example of this in Asia. We will build an iconic tower in the name of I Space and encourage investors through early bird offers for those who build industries quickly. Warehouses have been identified as an industry and provide employment through skill development, said Minister Gudivada Amarnath.
Special Chief Secretary Karikal Valaven said that the new policy is more favorable than the old policy compared to the rest of the states. He said that AP has become a friendlier and more favorable state than the rest of the states in India. He said that through GIS 2023 investors signed Rs 13.5 lakh crores and in the same spirit, a mobile app and web portal called YSR AP 1 was released. He said that this app will be an encouragement to those who are thinking of entering the business sector.
He said that the office of YSR AP 1 will be started in the port city. We are starting an innovation startup. We will also bring an incubation center. Research and development should be increased in all fields. We will take a special policy for logistics. AP Inland Water Authority will be set up. We will develop industrial parks under PPP mode while developing the coastal-based transport sector, said Special CS Karikal Valaven.
