Andhra Pradesh: #1 state in attracting private sector investments in 2015-16
Andhra Pradesh has established itself as one of the most prominent connection points with major world markets. With 6 operational ports, 4 airports, more than 2,000 km of rail connectivity and round the clock power supply, the state is a logistics marvel on the eastern coast of India. Sri City Special Economic Zone, with 150 companies from 27 countries, is a key example of well-planned infrastructure at a strategic location near Chennai and excellent connectivity to all major cities in India. Amaravati, the upcoming greenfield capital city of Andhra Pradesh, is being built in association with Governments of Japan and Singapore. The city offers world-class infrastructure and is being promoted as the medical-tourism hub of India, with an upcoming medicity in association with King's College Indo-UK Institute of Health.
Key upcoming projects include:
- Refinery cum petrochemical complex in Kakinada city
- Pharmaceutical clusters in Visakhapatnam
- Aerospace and defence manufacturing hub in Nellore and Chittoor
- Smart Cities Mission, for which Visakhapatnam, Tirupati, Amaravati and Kakinada are the cities identified in Andhra Pradesh
Key upcoming industrial corridors:
- Visakhapatnam Chennai Industrial Corridor, which covers 11 districts in Andhra Pradesh
- Chennai Bengaluru Industrial Corridor, with an industrial node at Krishnapatnam in Nellore district
- Kurnool Bengaluru Industrial Corridor, with an industrial node in Orvakal in Kurnool district
- India's largest offshore gas field at KG basin
- India's #1 state in marine exports
- Second largest producer of silk in India
- GSDP (Current price)
USD 104 bn (2016-17)
- GSDP growth rate (YoY)
- Per capita income
USD 1,824 (2016-17)
- FDI inflow
USD 14 bn (2000-17)
Andhra Pradesh is the 10th most populated state in India, with 4.1% of the total population of the country.
The total population of the state is 49.4 mn, equivalent to the population of Spain.
females/ 1000 males
Andhra Pradesh is one of the leading producers of cotton and silk in India and contributes by 13% to India's net textile exports. There are-textile based industries in Guntur, Chittoor, Kadapa and Kurnool. Apparel City in Visakhapatnam offers innovative 'fiber to store' concept. The state has 7% of India's total spinning capacity.
Andhra Pradesh has the country’s largest offshore gas field at Krishna Godavari Basin, spread across an area of 5 mn ha. A Petroleum, Chemical and Petrochemical Investment Region with an investment of USD 11.5 bn has been approved by the state government. India's first underground rock cavern for emergency oil reserves is located in Visakhapatnam.
Andhra Pradesh is the largest producer of barytes, limestone, mica and silica sand in India. The state produces USD 1.5 bn worth of minerals.
Installed power capacity of Andhra Pradesh has increased by 36% between August 2015-16 and currently stands at 15,000 MW. Additional 4,000 MW thermal power plants are upcoming in Visakhapatnam and Srikakulam.
Andhra Pradesh houses more than 200 pharmaceutical units and is one of the top 3 states in pharmaceutical exports. The state government envisages Visakhapatnam to be the biotechnology hub of Andhra Pradesh.
With several electronics bazaars and IT Investment Regions being set up, Visakhapatnam is set to be established as a major electronics hub in the country. The state has also planned development of 20 electronics manufacturing hubs.
Andhra Pradesh has high-quality supplier base of automotive products and over 100 auto-component manufacturers. Kia Motors has announced to set up a manufacturing unit in the state.
Andhra Pradesh plans to set up at least 4 anchor units and create orders for about 10% of all offset obligations by 2020. Visakhapatnam district is home to a greenfield aerotropolis spread across 3035 ha of land.