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.
Andhra Pradesh will be the first state in India to conceive and execute a state wide enterprise architecture known as E-Pragati which will bring all government services under one roof.
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
"Sunrise Investment Meet" - Andhra Pradesh - 2018, February 24-26 | Visakhapatnam
The 3rd Sunrise Andhra Pradesh Investment Meet provided an excellent platform for the business community to interact with government on exploring investment opportunities in the state.
Details on Andhra Pradesh Investment Meet can be accessed at Sunrise Investment Meet
- India's largest offshore gas field at KG basin
- India's #1 state in marine exports
- Second largest producer of silk in India
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- GSDP (Current price)
USD 104 bn (2016-17)
- GSDP growth rate (YoY)
- Per capita income
USD 1,824 (2016-17)
- FDI inflow
USD 15 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 the 2nd largest 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. Over USD 628 mn invested in the state over the past 3 years in this sector.
Over USD 5.7 bn invested in this state over the past 3 years in this sector with home to 6 operational ports and airports. 123,334 km of road network available within the state, 888 km of national waterway and 2,660 km railway are also available in the state.
World’s leading producer of sea food, fruits, vegetables and poultry. over USD 3.85 bn investment received in the past 3 years in this sector. Home to India’s first ever river inter-linkage system. 8.5 mn ha of arable land serviced by an extensive irrigation network. MoC with Iowa State University to set up a mega seed park in the state.
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. The state also has India's lowest T&D losses and is home to the Kurnool Ultra Mega Solar Park, the largest single location solar park in the world. Over USD 14.8 bn have been invested over the past three years in the sector.
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 Asia’s first medical devices park. USD 4.4 bn invested in the state over the last 3 years in this sector.
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. Over USD 518 mn invested in the state over the past 3 years in this sector. More than 20% of electronic manufactures in India are based in Andhra Pradesh.
Andhra Pradesh has received USD 2.75 bn investments in the sector in last three years. The state 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. New 7,000 acre Sri City has state of the art infrastructure for over 100 companies including 45 MNCs.
Andhra Pradesh plans to set up at least 4 anchor units and create orders for about 10% of all offset obligations by 2020. Over USD 459 mn invested in the state over the past 3 years with home to 4 new airports and a Mega metropolis in Bhagapuram. Aerospace and defense industry clusters being set up in West Godavari, Vishakhapatnam, Anantapur and Krishna district.