Investments pick up as Andhra begins to justify “Sunrise state” tag

The flow of investments has picked up in Andhra Pradesh, being marked as the Sunrise State by the state government. The government has given all permissions to 105 industries to set up units in the state with investments totalling Rs 16,252 crore. Clearances for another 60 industries with total investment of about Rs 13,000 crore are being processed.

More than a third of the 105 industries cleared by the state government are headed for AP Chief Minister N. Chandrababu Naidu’s home district. The government has cleared 37 projects for Chittoor district with investment of Rs 8,689 crore. Most of these investments in Chittor district are either in Sri City or in its vicinity ( for example Hero motors)

investments clusters in andhraSrikakulam and Anantapur, the most backward districts in the state, stood second and third in attracting investments. The North Andhra district attracted investments worth Rs 1,187 crore and the Rayalaseema district Rs 1,057 crore.

But what is noteworthy here is that investments in the most industrial friendly district – Visakhapatnam – are yet to pick up.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s