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EDB Issue-5 Eng Kala.Indd www.apedb.gov.in ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD JULY 2018 | ISSUE - 5 SUNRISEANDHRA PRADESH India’s youngest city People first, Industry first Amaravati emerges as futuristic Solar equipment & skill centre economic and business hub for global investors. Happy Cities Summit Ambassadors meeting APEDB Act passed MOUs ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD JULY 2018 | ISSUE-5 | PAGE 2 From the desk of Sri Nara Chandrababu Naidu Chief Minister of Andhra Pradesh and Chairman APEDB economic reforms reaches every phone line is going to be in place to individual in the state so that that we speedily resolve people’s issues. can build a society without poverty Over the last few months, we have and inequalities; above all our goal is been relentlessly pursuing our goals. to establish a peaceful, secure and We entered into new business joyful society. partnerships with the Business My goals for the state I have shared Leaders Forum (BLF), Dubai; THK, a with you many a time. I want Andhra Japanese major in automobiles; SUN Pradesh to be the best state in India mobility for Electric Vehicles; Arvind by 2029. My government’s priority Ltd. to set up an integrated apparel has been to build a non-corrupt, and textile park in Chittoor; Tech stable, and peaceful society. To Mahindra to set up the country’s first Sri Nara Chandrababu make such a society, economic Cyber Security Operations Centre; Naidu growth must go hand-in-hand with Ashok Leyland to set up a bus plant inclusiveness and environmental in Andhra Pradesh; Akon to set up We need to aim high, higher than sustainability. We must aim to a solar equipment unit and skill what we can reach, for it will enable achieve a GVA of Rs.6,35,692 and development centre, to name a few. us achieve our dreams. I inherited a growth rate of 15.91% by 2018-19. The plan is to set up micro, small and a vision – a vision of a prosperous, This will be possible only if all the medium enterprises (MSME) parks happy, inclusive state, and I have wheels of the economy run together: in every assembly segment. Special held on to that vision in all my The agricultural sector must achieve attention is being paid to investments endeavours. Every step that I have 22.66% growth rate; the industrial in backward areas like Chittoor. taken, I have been guided by my sector 13.07%; and the services This is a journey that I cannot predecessors, the leaders who put sector 5.91%. undertake alone; I need each one the people before themselves. As As a people’s government, it is of you to lend me your hand and NT Rama Rao, our former chief very important for me that people support me so that I can make this minister, said, “Society is the temple can reach me with feedback and dream of Swarna Andhra Pradesh and people are the Gods”; our aim problems. Very soon, a “People First” come true. is to ensure that the fruits of various Message from Sri Yanamala Ramakrishnudu Minister for Finance & Planning, Commercial Tax & Legislative Affairs. Gross National Happiness is a The state has seen fast-paced comparatively new gauge to growth, reaching double-digit growth measure progress. Merely having of 11.07% in 2016-17 from 9.20% a good GDP will not qualify a state in 2014-15. The per capita income as a progressive one, you have to rose from Rs.93,699 in 2014-15 to also measure up when it comes to Rs.1,42,054 in 2017-18. standards like health, education, On the agricultural front, AP has good governance, psychological well- played a pioneering role in the inter- being, etc. My government, led by the linking of rivers. The Godavari and able chief minister, has been working on improving all these indices. Our Krishna rivers were inter-linked in a ‘People First’ policy is reflected in our record period of 12 months, which budgets. Over the last few years, the has resulted in 15% increase in yield in the Krishna delta region. Sri Yanamala government expenditure has totalled Ramakrishnudu Rs.5,20,237 crore. A big chunk of Governance has always been a key the budget has been allocated to focus area. We have been able to take (RTGC), the brainchild of the chief development and welfare activities. the right decisions based on real-time minister, has enabled people-centric In fact, the capital expenditure was data sourced from the ground level. decisions, and helped us achieve a 82,268 crores during last four years. The Real Time Governance Centre happiness index of 80%. ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD JULY 2018 | ISSUE-5 | PAGE 3 Message from Sri S.P.Tucker, IAS (Rtd.) Executive Vice Chairman, APEDB and Former Chief Secretary, Government of Andhra Pradesh Sustaining double-digit growth and job than Andhra Pradesh and are leading generation are pivotal for the economic in terms of GDP contribution, increasing development of the state. Over the last urbanization and per capita income couple of years, the manufacturing recorded 64.3 to 54.6% service sector sector gained momentum; however, its contribution to State’s GVA. The state’s contribution to overall GVA is only 26%. economic development policy should The service sector, which is currently consider instrumental strategies for contributing 44%, has the potential to enhancing the growth of Retail, IT & enhance its share to 55%. The growth ITeS, Tourism and Hospitality Services, of the service sector is imperative for Medical Value Travel, Transport and economic development of the state, Logistics, Education services and BFSI, since every additional job that this which will translate into enhanced Sri S.P. Tucker sector creates contributes 3.8 times to contribution of the services sector, GVA as compared to the agricultural thereby sustaining envisaged growth sector. The states with GVA greater and generating jobs. Message from Sri J. Krishna Kishore, IRS., Chief Executive Officer, APEDB. Andhra Pradesh the list goes on. Moreover, these university project, bike tourism and developments are also reflected in a urban mobility services project, a 30 per cent increase in state-wide per Solar Academy and Solar Assembly capita income over the last four years. Plant, a linear motion equipment manufacturing project, et cetera. These economic achievements are a result of a concerted and The APEDB has also recently taken conscientious effort towards the lead in yet another strategic achieving the sequential milestones initiative towards sustainable laid down in the Vision 2029 under economic development. Under the the progressive leadership of our leadership of Sri. Nara Lokesh, Hon’ble Hon’ble Chief Minister. We are well Minister for IT and Panchayat Raj, on our way to become a developed alongside the World Economic Forum Sri J. Krishna state, with a happy, inclusive, and Accenture Strategy global, the Kishore globally competitive, innovation- APEDB has initiated the “Accelerating driven society. sustainable production” study with a focus on Automobile and Electronics As on 2nd of June 2018, it has In the Q2 of 2018, Andhra Pradesh sectors engagin various stakeholders been 4 years since the formation of continues to lead the nation with the sunrise Andhra Pradesh state. the launch of policies such as the from the industry. We are proud to Despite seemingly insurmountable AP Electric Vehicles Policy and share that Andhra Pradesh is just challenges be it a fiscal deficit Animation & Gaming Policy to one of the 3 global geographies or a natural calamity like the become the first mover in niche and that are selected in this study , which hurricane Hud-Hud, it is a matter emerging sectors. The APEDB is investigates the impact of fourth of fact that the new-born state of proud to have played a key role in industrial revolution technologies Andhra Pradesh has been resilient these policy-making initiatives by towards sustainable production and converted challenges to working with various stakeholders. systems and socio-economic growth. opportunities. In the past few months, the APEDB As we head towards 2020 and In the past 4 years, the state has has worked with firms that have beyond, we will continue to achieved a consistent double-digit invested over a INR 2200 Crores transform ourselves and become growth rate, a total reduction in employing over 12,000 staff at catalysts of economic growth as the outstanding liabilities and revenue medium to high wages. These single point of contact, for any trade firms involve cement grinding and deficits, implemented competitive or investment into the state and packing unit project, and integrated policy frameworks, became power invite you to make Andhra Pradesh, apparel and textile facility project, surplus, consistently ranked No.1 your business. a stem cell hospital and research in Ease of Doing Business and ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD JULY 2018 | ISSUE-5 | PAGE 4 Chief Minister seeks help of Indian Ambassadors The AP chief minister has always been Austrian assistance for exporter of sea food, seasonal fruits a skilled diplomat. On the 27 June 2018, and other horticultural items. Through he met with not one but four Indian technical research and government intervention and efficient ambassadors – the representatives to medical diagnostics marketing strategies, the country had Spain, Austria, Vietnam and Kuwait – to Renu Pall, Indian Ambassador to Austria, successfully increased its per hectare increase the state’s investment potential highlighted the capacity that the state yield. There were many lessons for AP and outline best practices for attracting had to grow in exports. She urged the here. foreign investment. chief minister to explore to the fullest the “Vietnam imports (the) majority of potential that Montenegro held as a port its sea food amounting close to USD Exploring tie-ups with city.
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