Industrial development in AP

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Industrial development in AP

Postby statesman » February 28th, 2011, 6:42 am

OrissaDiary » Business News » Andhra Pradesh CM clears industrial
investment worth Rs.25,672.40 crores

Andhra Pradesh CM clears industrial investment worth Rs.25,672.40 crores
Sunday, February 27, 2011

Hyderabad: Andhra Pradesh made a giant leap in the industrial map of the country in one day. The Chief Minister N Kiran Kumar Reddy on a single day cleared industrial investment worth Rs.25,672.40 crores (compared to Rs.37,993 crs in Major industries in last 7 years) at the State Investment Promotion Board meeting at Secretariat on last Wednesday (23rd Feb). He has cleared 25 units with an employment potential of 41,406 which will bring revenue to the State Government through VAT Rs.878.30 crores annually. It is not only a boon but a record in the industrial growth of the State.

The Chief Minister was informed that investments worth Rs.3,07,178 crores are either under implementation or on the pipeline. These include Bharat Dynamics Limited units at Anantapur for manufacturing missiles, NTPV-BHEL Power Plant Equipment Project at Mannavaram, Srikalahasthi (for which the Prime Minister has laid the foundation stone recently), Bharat Electronics Limited at Anantapur etc. This one day investment clearance of Rs.25,672 crores is compared to a total of Rs.37,993 crores investment in Major and Medium Industries from 2004 to 2011. However there was also an investment of Rs.13,105 crores in Small Scale and Tiny Industries during this period thus a total of Rs.51,098 crores. The average investment between 2000 to 2004 was a mere Rs.37,036 crores in Major and Medium industries and between 1995 and 2000 was only Rs.11,058 crores.

The new Industries cleared by the SIPB are in the categories of Food &Agro (5 units), Automobile (3), Cement (7), Glass (1), Steel and Ferro Alloy (5), Mineral (sand) (1), Chemical (1), Ceramic (1) and Tyres (1) spread over 14 districts. The State is expected to get a total VAT of Rs.878.00 crores. Meanwhile the Chief Minister ordered that the incentives due (reimbursements of VAT etc) to the new units should be cleared at the earliest. The New State Industrial Policy offers the best incentives and infrastructural facilities to investors and new industries. The Power tariff for industries in Andhra Pradesh is also the lowest in the country. Meanwhile SIPB agreed to exempt the new industrial units form payment of Electricity duty on captive power generation for self consumption. The new 25 units cleared by the Chief Minister and SIPB will be spread over 14 districts of East Godavari, Krishna, Nellore, Srikakulam, Vizianagaram, West Godavari, Anantapur, Chittoor, Kadapa, Kurnool, Adilabad, Mahbubnagar, Medak and Nalgonda. The Investments in the pipeline include Rs.50,000 crores in the next four years. The public sector investments to the State are flooding. Six PSUs have already submitted proposals to the Govt. for investing Rs.44,800 crore. The Industries officials have informed that this amount may further increase. The HPCL has decided to develop refinery complex at Visakhapatnam by investing Rs.40,000 crore. This project is being set up in the PCPIR. The BHEL-BEL jointly are jointly proposed to set up Solar PV Modules Unit at a cost of Rs.2,000 crore in the FAB city and already submitted necessary proposals to the Govt. BDL already expressed interest to set up two units in the State. It will set up missile units each at Ibrahimpatnam in Ranga Reddy and another at Chilamattur in Anantapur district at a cost of Rs.500 crore each. It sought 438 acres and 634 acres for these units respectively. Around 5,000 persons would get employment under these units, the Industries officials said. The officials wanted to examine the feasibility and opportunities for setting up of BDL units at Visakhapatnam and Nellore also. HAL based at Banagalore has also come forward to set up Helicopters manufacturing unit at a cost of Rs.625 crore. Another PSU, ECIL has is also setting up electronic equipment manufacturing unit at a cost of Rs.500 crore. BEL also proposed to set up Radar Testing Unit in 1,000 acres at Palasamudram of Anantapur. According to officials, It is estimated that the investment for this would be around Rs.675 crore. It may be recalled that NTPC-BHEL jointly setting up power equipment manufacturing unit at Mannavaram in Chittoor district at a cost of Rs.6,000 crore. It is a good sign that government lands are available at all the places which are conducive for setting up industries.
The fact that many defence units are available in the State are stated to be the main reason for many a PSUs coming forward to invest here, the officials said. Chief Minister said the ultimate objective of the Government is to make Andhra Pradesh as the Number One industrialised State surpassing developed States like Gujarat, Maharashtra, Tamil Nadu and Karnataka.

Officials said the latest industrial policy envisages to achieve a manufacturing growth rate of about 17%; create additional employment to over 5 lakh persons per year -- 2 lakh directly and 3 lakh indirectly; with special focus on Micro, Small and Medium Enterprises (MSMEs) and Food Processing; facilitate reduction of regional and sub-sector imbalances; leverage the existing sectoral strengths as well as the natural resources for value addition. The new industrial policy ensured creation of quality infrastructure in the Industrial Clusters, Industrial Estates, promotion of Manufacturing Investment Regions along National Highways to capitalize the strengths in line with GoI initiatives for value addition within the State; Encouraging industrial estates in backward revenue divisions in PPP mode and provides differential rate of incentives to MSMEs in backward revenue divisions to reduce regional imbalances.

It also provides sector specific Policies/Focus to capitalize the sectoral strengths like Textiles, Cement, Pharma, Food Processing, Steel, Granite etc.; alignment of policy incentives to ensure optimum utilization of GoI Schemes; Skill Development Policy to meet the industry requirement; build brand Andhra Pradesh as a benchmark for quality; streamlining the single window clearances system; encouraging anchor industries in thrust sectors to increase the ancillary base and comprehensive policy for revitalization of MSME sector.
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vamsiyalla
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Postby vamsiyalla » March 16th, 2011, 11:37 am

IT firm opens branch in Hanamkonda

WARANGAL: The Hyderabad based IT company, Prodigy Career Solutions is opening its branch in Hanamkonda on Wednesday. IT Services Minister Ponnala Lakshmaiah will inaugurate the branch.

K. Radha Krishna of the Prodigy Solutions said the company was established three years ago. It is a software production company with many clients in India and abroad.

Expansion

The proposed branch in Hanamkonda will begin with 100 employees and has plans to expand it slowly to have 1,500 employees by next year.

He said they were planning to set up a branch at Visakhapatnam but with the encouragement from Mr. Ponnala Lakshmaiah, they decided to set up their branch presently in Hanamkonda.


There were many engineering colleges around Warangal producing nearly 30,000 engineering graduates and the place is located to close to the State capital. Hence, they considered this place, he said.
Vamsi Krishna Yalla.

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vamsiyalla
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Postby vamsiyalla » March 17th, 2011, 11:36 am

More software firms for district: Ponnala

‘Large number of engineering graduates will find employment within the district'


WARANGAL: The district would witness emergence of a series of software companies in the next three months, said IT Services Minister Ponnala Lakshmaiah.

Inaugurating a branch of Prodigy Solutions here on Wednesday, the Minister said that in two weeks, one more company would be setting up its branch at Madikonda and in May, another company would come up.

Cooperation

Seeking cooperation from public, the Minister said that efforts were being made to set up more companies in Warangal. Small scale companies would get internet connection on subsidy and many more concessions from the State government.

The Minister said there were many engineering colleges producing large number of technical graduates who would find employment within the district if the companies come up.

More jobs

Congress senior leader Banda Prakash said that if the district witnessed more IT companies, it would only mean more jobs for the youth coming out of professional colleges here.


He wanted the students to make use of the developments. Prodigy solution CEO K Radhakrishna and others were present.

At Last now they decided to improve IT is Tier II cities.
This is a good move by govt.
Vamsi Krishna Yalla.



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Postby vamsiyalla » March 18th, 2011, 11:32 am

Additional 600 MW power for State

State succeeds in procuring the much-needed and timely allotment of additional gas for power projects

HYDERABAD: In a major relief on the power front, a swapping agreement between GAIL, RIL, RGTIL and AP-based power plants was reached in New Delhi on Thursday, paving the way for additional production of 600 MW in (12 Million Units per day) in the State.

According to a Transco press release here on Thursday, the sustained efforts of the State government have succeeded in procuring the much-needed and timely allotment of additional gas for power projects to meet the unprecedented power demand this summer.

Following Chief Minister N. Kiran Kumar Reddy's request to Union Minister for Petroleum and Natural Gas S. Jaipal Reddy to direct GIL, RIL and RGTL to sort out the issue for additional supply of 2.594 MMSCMD (million metric standard cubic meter per day), the agreement was signed.

The release said the additional energy would energise 29 lakh pump sets during the summer and help farmers by saving the standing crops.

The swapping arrangement involves diversion of KG D6 gas from GAIL's LPG plants to independent power projects in the State and compensating equivalent of RLNG procured by IPPs through GAIL.

AP Discoms are willing to pay, apart from the cost of RLNG, requisite costs like marketing margin, transportation charges, inter-State and intra-State taxes on account of the proposed swapping, the release said.

Kiran thanks Jaipal

The Chief Minister thanked Mr. Jaipal Reddy for his special interest in facilitating additional gas supply to the State to meet the requirement of farmers, students and others.
Vamsi Krishna Yalla.



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