When compared to other states, due to the new born status; Andhra Pradesh appears to be relatively under developed in the industrial sector and its workability. However, with Industrial sector experts saying that there is a radiant chance of Andhra Pradesh to sway its dominance over states like Gujarat which are prominent for their pre-eminence; there also is a huge chance for instigation. It has been stated by the Industrial sector that the permission grant status of all the inhabitants who are applying for establishment of new firms/industries will be updated to them through SMS. CM Chandrababu Naidu with a vivid history in industrial development, inserted his drudgery which led to erection of 267 new companies through the Make in Andhra Pradesh campaign with a massive investment of around 1,46,700 crores. This monumental putting up not only enhances the industrial status of the state but also tends to create a living for two and half lakh people, on a whole.
- A total of 267 companies ( Companies with Rs.10 crore of more of Investments) invested in Andhra Pradesh in the past one year totaling an investment of around 1.46 Lakh Crores.
The growth of the state is recently depicted by the 54 unit business supplies with an investment of 7,176 crores. This turned out to be a landmark by creating employment for around 30,000 people all over the state. Another 18 companies started producing experimentally with 15,904 crore investment by creating employment for 9000 people.
15 other companies explicitly arranged the main equipment and infrastructure as basic assets with 6073 crores as a start. These 15 companies has the ability to create a living for more than 10,000 people as per now. Excluding these, there are 49 major units (Invested with 18,466 crores) which completed the civil work phase and which are in the mediocre procedure, ready to be started in order to employ twenty thousand people.
The HPCL refinery of Vishakapatnam had a deal to expand its domain with an input of 1800 crores, waiting for the central environmental department to grant permit on it. According to the official reports, out of all these collaborative investment in developing the industrial sector, 40% of it came from the foreign neighborhood. Once started with this colossal erupt, it has been planned that an annual investment of 20-25 crores must be indulged in the industrial development for implementing the pipeline method.
The single desk method that has been adopted nationally for the development of the industrial sector turns out to be the best feasible solution even for states like Gujarat. This method enriched the development with logistics and appropriate cinch methodology. However, the permit limit extended to 24 segments when constrained to 10, basically. The hike in the number not only increased the investment amount (3,700 crores) but also simultaneously increased the employment range to 9,058 people.
Also, many national and international companies are showing interest in establishing food processing industries. As food is the main going constitute of the society irrespective of the sociological and physiological changes, 49 companies took an initiative in this sector. 22 companies invested in Construction sector, 38 in Pharmaceutical sector, 22 in Mineral and Metallurgy department, 7 in Petroleum Industries, 25 in Textile Industries, 17 in Chemical, 6 in Automobiles, 3 in Animation and Graphics, 7 in Biotech and 6 in MSD department.
Looking at these numbers, one can get a crystal clear view of State’s future in terms of productivity and employment. Let’s finger cross and hope for the best.