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EDB Issue-6 17-11-2018 2T.Indd www.apedb.gov.in ANDHRA PRADESH ECONOMIC NOVEMBER 2018 | ISSUE - 6 DEVELOPMENT BOARD SUNANDHRARISE PRADESH AP No.1 in EoDB Industrial Concessions Amaravati Bonds Tirupati and Vijayawada show investors’ trust the most liveable cities LIXIL sets up Anna Canteen is manufacturing plant ‘modern Akshaya Patra’ ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD NOVEMBER 2018 | ISSUE-6 | PAGE 2 From the desk of Sri Nara Chandrababu Naidu Chief Minister of Andhra Pradesh and Chairman, APEDB ranked No.1 in Ease of Doing Business for the second time around by the World Bank, stands testimony to our efforts. I can proudly share with you that we have taken giant steps in making real-time governance and e-Pragati more efficient. It enables seamless delivery of Government services. Andhra Pradesh is truly a Sunrise State. From April 2015 to August 2018, 28,886 industrial units have been set up; and, in the last one year, there have been 15,527 single-window applications, of which 99.56 per cent have been approved within 21 days of application. In 2017–2018, there were 2705 specified investment proposals, of which 755 were completed. The State received total investments worth Rs.1,49,693.61 crores, creating 32,93,242 specified job opportunities. Recently, we signed MoUs to push growth in the retail sector, agri businesses, and construction industry among others. We have also paid attention to building a skilling eco-system so that the job demands of these sectors are met. At the World Cities Summit 2018, it was heartening to see international leaders acknowledge the progress being made in Sri Nara Chandrababu Naidu building a world-class Capital in Amravati. The pitch competition that was organised at the Summit saw many participants At a time when the Indian economy is undergoing submitting innovative solutions to tackle challenges related to massive changes, Andhra Pradesh’s economy housing, water and wastewater infrastructure, power, data- continues to grow. This is because we have had the rich governance, and healthy lifestyle. foresight and vision to ensure economic growth and We require an investment of USD 2-4 trillion to develop stability for the State. The benefits of economic Amaravati as a greenfield capital city. We have adopted growth must percolate down to the common man, and various innovative ways to fund our growth plans, we have the goal of my Government is to provide employment listed the ‘Amravati Bond’ on the Mumbai Stock Exchange. for all - that is, every employable person in the State The bonds saw a record 1.53 times oversubscription, helping has access to a livelihood, a job. us mobilise Rs.2,000 crores. We will leave no stone unturned to attract investors to Thank you for reposing your faith in us. I have confidence that our State, whether it is through policies, concessions you will continue to support us in all our future endeavours. or building infrastructure. That Andhra Pradesh was Message from Sri Yanamala Ramakrishnudu Minister for Finance & Planning, Commercial Tax & Legislative Affairs. The State’s budget of Rs.1.91-lakh- deprivation to growth. Within no time, crores for the financial year 2018–19 we should be on a level-playing field for an overall increase of around 21.69 among the best States in India. per cent over the 2017–18 budget. The budget has been drawn up with the If you examine the budget, you will see single goal of ensuring the happiness of that the education sector has received every citizen in this State. For a happy a large allocation of Rs.24,185 crores State, it is important that we focus on followed by rural development with equitable socio-economic development, Rs.20,815 crores. Further, Rs.13,722 environment protection, nurturing culture crores has been allocated towards and, most importantly, good governance. welfare schemes – an increase of 20.78 Sri Yanamala Our Government has proceeded with per cent. Other key sectors include Ramakrishnudu a clear vision and plans to meticulously irrigation with an outlay of Rs.16,978 execute its blueprint for growth. In crores and agriculture and allied services The budget reflects the AP fact, we have moved from despair to with an outlay Rs.12,355 crores. Vision 2029 with commitment hope, disillusionment to confidence and to people’s well-being. ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD NOVEMBER 2018 | ISSUE-6 | PAGE 3 Message from Sri S.P.Tucker, IAS (Rtd.) Executive Vice Chairman, APEDB and Former Chief Secretary, Government of Andhra Pradesh from factor driven to technology and Accounting and Finance Services, Audio innovation-driven efficient economy. The Visual Services, Entertainment Services, State of Andhra Pradesh too is witnessing Legal Services, Communication Services, this change and it should be supported Construction and Related Engineering by strong institutions and collaborations. Services, Environmental Services and Financial Services should be supported Service Sector and Economy for enabling the structural transformation. Services have played a unique role in sustaining the country’s and State’s Some initial steps economic growth. Only 45.1% of our Some of the key initiatives taken up under current growth is drawn from the services the APEDB include, reach-out strategy to sector, whereas the country’s leading attract private players to invest and bring Sri S.P. Tucker States have secured a service sector 5 lakh students under higher education contribution between 57-65%. and technical education from the current 2 Lakhs, under new private universities; New Wave of Economy Sub-Sectors that add high value adding 20,000 additional hospital beds, The country is undergoing a rapid Sub-sectors of services such as therefore, promoting health care and transformation towards a more urban, Information Technology & Information medical value travel; promotion of more middle class, more connected and Technology Enabled Services (IT & spiritual and health tourism, improving more interdependent economy across ITeS), Education Services, Tourism and business competitiveness through sectors and economies. Successive Hospitality Services, Medical Value, integrated supply chains, etc. waves of economics are transiting Travel, Transport and Logistics Services, Sri Anil Chandra Punetha, IAS was appointed as the new Chief Secretary of Andhra Pradesh Agriculture Commissioner. During his stint as Srikakulam district Collector in the 1990s, he won the Best Collector award for three consecutive years, which is a unique record. Mr Punetha recently mentioned that ‘Andhra Pradesh has been undergoing remarkable transformation under the visionary leadership of the Hon’ble Chief Minister. The development of the State and its new capital will indeed be a remarkable chapter in the India’s development story which will be watched not just in India, but by the global partners worldwide.’ It is the Hon’ble Chief Minister’s vision to make Andhra Pradesh a developed state by 2029. Furthering this vision, the APEDB team welcomes Shri. Anil Chandra Punetha at Chief Secretary Office after he Government of Andhra Pradesh (GoAP) appointed as the new Chief Secretary of Andhra Pradesh and Lee Kuan Yew School of Public Policy (LKYSPP) have entered into an MoU for On September 28, 2018, the Hon’ble Dinesh Kumar, a 1983 batch IAS officer. drafting the version 2.0 of the Vision Chief Minister of Andhra Pradesh Mr. Punetha was previously the Chief 2029 document. The MoU was signed appointed Mr. Anil Chandra Punetha, an Commissioner of Land Administration by Mr. Punetha and LKYSPP Dean Indian Administrative Service officer of and had previously held important posts Professor Danny Quah in the presence 1984 batch, as the new Chief Secretary in the Andhra Pradesh government, such of the Hon’ble Chief Minister. of Andhra Pradesh. Mr. Punetha will as Principal Secretary (Revenue), Health succeed the retiring Chief Secretary Mr. and Family Welfare Commissioner and ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD NOVEMBER 2018 | ISSUE-6 | PAGE 4 Message from Sri J. Krishna Kishore, IRS., Chief Executive Officer, APEDB. Andhra Pradesh No. 1 in Ease of Doing Business for the Economy. APEDB’s collaboration with second consecutive year (ranked joint UNESCO is a pioneer in this effort. The first in 2016-17). The fact that Amaravati Government, under the leadership of Bonds were oversubscribed by 1.5 the Hon’ble Minister for IT also signed a times reflects the investor confidence partnership agreement with the World in the Government. Amaravati Bonds Economic Forum for its Centre for 4IR 2018 worth Rs 2,000 crore were issued in India. Emerging technologies such as by Andhra Pradesh Capital Region artificial intelligence (AI), the blockchain, Development Authority (APCRDA), which drones, and precision medicine are is the largest bond issued by a local swiftly changing lives and transforming development authority. businesses and societies, inevitably posing newer challenges and risks. Through this We continue to be the leaders in mobile partnership, the Government aims to manufacturing and were successful in Mr. J. Krishna Kishore works closely with global leaders to ensure securing investments from marquee that its policies, norms, and standards The Government of Andhra Pradesh, players like Holitech Technologies who are able to keep up with these rapidly standing true to its vision of “Invisible supply to Xiaomi. Companies such as evolving and emerging technologies for Government and Visible Governance”, LG Chem, Hindware, Lixil, and Toray have the betterment of the State. has set up the world’s largest and the announced their investment plans in most complex digital transformation Andhra Pradesh and APEDB is facilitating The State continues to look at newer project, aptly called “e-Pragati”. The their projects. The State is also witnessing areas of collaboration to bring in global cities of Andhra Pradesh are advancing investments in the Services sector with best practices to Andhra Pradesh and I in governance, finance, business models, the majority of them in the IT sector.
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