www.apedb.gov.in ANDHRA PRADESH ECONOMIC FEBRUARY 2019 | ISSUE - 7 DEVELOPMENT BOARD SUNANDHRARISE PRADESH HAPPYHAPPY STATESTATE HAPPIERHAPPIER PEOPLEPEOPLE US Visit Brings Home APEDB Bags Skoch Long-term Global Award Gold Engagement for AP AP Ranks No. 1 in Chinese Investors Employability Explore Investment Opportunities in AP AP CM Conferred ICFA Policy Leadership 34,000 of IT jobs Award 2018 created ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD FEBRUARY 2019 | ISSUE-7 | PAGE 2 From the desk of Sri Nara Chandrababu Naidu Chief Minister of Andhra Pradesh and Chairman, APEDB Also, AP enjoys a skilled labour signed an MoU with Prof. Stephen force, excellent logistics and Perkins, Department of Computer infrastructure with a business- Science, the University of Texas at friendly government. Hence our Dallas (UTD). ranking as the number 1 state in I have always believed in inviting Ease of Doing Business ranking strong players of all sectors to by the World Bank. Andhra Pradesh. South Korea’s In this backdrop, the state has capabilities in manufacturing are already attracted many global laudable. Therefore, we signed an and national players in this sector. MoU to build an industrial city in AP. Currently, 3000 Indian- and To promote shorter supply chains foreign-owned food processing and better input availability for units are operating in the state. petroleum-product dependent Even as my government has industries, AP and Hindustan firmly set its eyes on double- Petroleum Corporation Limited- digit growth for Andhra Pradesh, GAIL consortium have signed I am proud to say that we are an MoU to set up an Ethane Sri Nara Chandrababu Naidu charting a course for sustainable Petroleum Cracker Complex in development with controlled AP. The INR 35,000 crore complex When the new state of Andhra Pradesh was resource use. Our signing an is also expected to create huge formed, we laid down a vision for our state, MoU with Triton Solar is a step employment opportunities for that of making Andhra Pradesh one among in this direction that also leads experts, skilled and semi-skilled the three most developed state by 2022, a to an investment of INR 727 workforce. developed state by 2029 and a leading global crores. We are also adopting destination by 2050. I am glad to say that we The Vizag Fintech Festival too has Zero Budget Natural Farming are well on our way to realising the first goal. witnessed signing 9 MoUs that will to make food production put AP on the world’s map along Blessed with a strong supply-side, Andhra sustainable, viable for producers with the launch of five companies. Pradesh is focused on building a strong agro- and consumers. and food-processing ecosystem in the state As a state, we firmly believe that We identified that drones could with INR 5,000 crore (USD 0.8 billion) worth development is sustainable only help us deliver better governance of new investments and 50,000 jobs by when our vision embraces the in health, crop, disaster, and 2020. Similarly, Andhra Pradesh promotes empowerment that the world weather management and other investments and establishing ultra, mega has to offer. On this note, I invite sectors. To help us build and and integrated food parks and ensuring all of you to partner with Andhra promote a drone ecosystem, we supply of power 24/7 with power subsidy. Pradesh, the Sunrise State. Message from Sri Yanamala Ramakrishnudu Minister for Finance & Planning, Commercial Tax & Legislative Affairs. The agro- and food-processing industry investors. The state also reimburses enjoys a wide variety of fiscal incentives taxes such as VAT, CST or SGST. in Andhra Pradesh. While providing top-notch Some major infrastructure incentives infrastructure and services to the include 50% capital subsidy, 25% investors and entrepreneurs in agro- subsidy on project cost and 25% and food processing is a priority, we subsidy on equipment cost for both have ensured that our farmers are new or upgraded equipment. served very well. Some major initiatives Fifty per cent of subsidy for setting up in this direction are interlinking of rivers, primary processing centres or primary real-time monitoring of groundwater, collection centres is another attractive agricultural insurance, water harvesting Sri Yanamala incentive to make a difference at the structures, rain guns and soil grid. Ramakrishnudu grassroots. As a dynamic, progressive and inclusive Seven per cent interest subsidy reduces state, we believe that farming is a way a part of the movement called the burden on the entrepreneurs and of life. And we invite all of you to become Andhra Pradesh. ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD FEBRUARY 2019 | ISSUE-7 | PAGE 3 Message from Sri S.P.Tucker, IAS (Rtd.) Executive Vice Chairman, APEDB and Former Chief Secretary, Government of Andhra Pradesh geographical advantage should focus on to the stakeholders from industry and reducing logistics cost from about 14% of academia for feedback on the 21st Gross Domestic Product (GDP) to only December. The strategy calls for global 7-8%, similar to developed countries. standards for world class infrastructure Promoting trade and manufacturing are in storage, mobility and connectivity. linked with logistics, and improvement in Subsequently, this strategy will lead to a its efficiency would help to cut the cost policy on Integrated Logistics.. of doing business along with the ease of doing business. Employment Generation The most difficult challenge our country Integrating Logistics with Port faces today is unemployment, and the Development Logistics sector is known for engagement Sri S.P. Tucker The sector’s full potential will be realised of high numbers of workforce at entry with dedicated institutions and enabling level and has huge demand for skilled AP 2029: Nerve Center for Global Value policy. At APEDB we have developed workforce. Coherent initiatives should be Chains a strategy for integrating logistics for taken up for upgrading the education Disruptions happening in the global supply economic efficiency and position AP as & skill ecosystem, existing in the supply chain present opportunities for Indian a nerve centre for global value chains. chain management to Global best. logistics players. The state with strong The draft was launched and circulated Message from Sri J. Krishna Kishore, IRS., Chief Executive Officer, APEDB. Andhra Pradesh Budget Natural Farming (ZBNF) and Infrastructure Development other initiatives in the food processing The AP Government is also focusing on sector, which led to global recognition at developing world-class infrastructure to the United Nations in September 2018. attract global businesses. The State is in the process of releasing an Industrial The State’s global outreach continues Parks policy after careful consideration with the Hon. Minister for IT and of the views of the industry players. Also, Panchayat Raj, Sri. Nara Lokesh visit a second port at Kakinada is awarded to to China to attract investments in the the Kakinada SEZ. It will develop a deep- Electronics sector. With the objective of water port near Kona village in 1,811 acres building a complete electronics industry with an investment of around 2,000 ecosystem in AP, the Hon. Minister met crores. a number of potential investors who Further, the AP Government has started Mr. J. Krishna Kishore can expand the scope of Electronics an ambitious project for upgrading 3,100 manufacturing beyond mobile phone kms of roads and 430 bridges at a cost manufacturing in AP. We are delighted with the exceptional of INR 6,400 Crores for improving rural response we are receiving for our We continue to make steady progress in connectivity. Sunrise newsletter. To keep up with the identifying new investors across sectors. Together these infrastructure initiatives demands of the market, henceforth, we New MoUs were signed with Triton will enhance the growth potential of will be publishing our newsletter once a Solar, Dawson Solar, Alibaba Cloud, the Andhra Pradesh. month, instead of once in two months. Central Leather Research Institute, and “We hope this change will bring the most Aarka Sports to facilitate investments. Further, to develop talent for the future, important news from Andhra Pradesh AP continues to work with UNESCO to you expeditiously and will help you in and international Edtech companies prompt decision making.” to develop new pedagogies for digital Andhra Pradesh continues to lead learning. Already the Hon. Chief Minister’s in using technology to drive positive goal of making AP a knowledge and skills outcomes in conventional sectors such hub is paying off with AP topping the list as agriculture. This is evident in the State of states with the highest employable of driving remarkable outcomes in Zero talent as per India Skills Report 2019. ANDHRA PRADESH ECONOMIC DEVELOPMENT BOARD FEBRUARY 2019 | ISSUE-7 | PAGE 4 Chief Minister’s US Visit Brings Home Long-term Global Engagement for AP The Hon’ble Chief Minister of Andhra Pradesh, Nara Chandrababu Naidu and his team visited the United States of America (USA) between 23-26 September 2018. The trip supported the Chief Minister’s twin goals, that of taking Andhra Pradesh to the global forums and bringing the foreign investments to Andhra Pradesh. Meeting with the Permanent Representative of India to UN The Chief Minister met the Ambassador H.E. Mr. Syed Akbaruddin, India’s permanent representative to the United Nations. The Chief Minister discussed enhancing the state’s engagement with the UN, how to benefit from the various UN programmes and the possibility of opening UN’s offices in Amaravati. UNEP Session on ZBNF The Chief Minister Nara Chandrababu Naidu presented a session on Zero Budget Natural Farming (ZBNF) at the United Nations Environment Chief Minister Nara Chandrababu Naidu speaking at the United Nations Environment Programme (UNEP). The Programme (UNEP) on Zero Budget Natural Farming (ZBNF). presentation was well received and important persons from countries the world in bringing about healthy highly commended by the audience across the globe.