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Andhra's new industrial policy promises end-to-end hand-holding
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SME Times News Bureau | 10 Aug, 2020
The Andhra Pradesh government on Monday unveiled its new industrial
policy, envisaging a multi-faceted end-to-end business enablement centre
that will offer 10 services to investors throughout the entire life
cycle of the industry.
Launching the 'Andhra Pradesh Industrial
Development Policy 2020-23', Industries Minister Mekapati Goutham Reddy
said the state government decided to announce the policy for only three
years instead of five years in view of the current COVID-19 pandemic.
"In
these COVID times, we believe we can't go for a prolonged policy. It
has to be a very dynamic policy, not static. We decided to keep it for
three years as a trial run because across the world the patterns of
investment are changing. The way we are doing work is changing. We need
to facilitate all these changes," he said.
The Minister said the
new policy would ensure hand-holding with the existing and new investors
through the entire life cycle of the industry.
Services from
multiple state agencies will be integrated under an end-to-end business
enablement centre 'YSR AP One' to ensure that the investors are set on
the path to success.
It will have 10 cells for hand-holding
during the pre-establishment and set-up of the unit, efficient post
set-up support, ensure backward and forward linkages and help in
accessing markets and new technologies.
The entrepreneurship
facilitation cell will maintain a repository of business models and
plans and support for aspiring entrepreneurs in the state with knowledge
support to start new ventures.
There will be a cell to
undertake market research and develop sector-wise resource repositories.
The marketing and branding cell will support businesses in marketing
their products locally and globally.
The sales support cell will
connect units in the state with potential buyers while the scheme
support cell is aimed to support units in availing the benefits of
central and state government schemes.
The MSME revitalisation
cell will proactively assess Micro, Small and Medium Enterprises (MSMEs)
and revive and reposition sick MSMEs. The business enablement cell will
support businesses in getting all approvals and addressing all
grievances.
The investor outreach cell will work with priority
sectors and geography desks for investor outreach while the incentive
management cell will assess unit performance, estimate incentives, and
ensure timely disbursement of incentives.
The special category cell will handhold SC/ST/BC/minority entrepreneurs throughout the investor life cycle.
The
policy offers incentives for women entrepreneurs from these
communities, including reimbursement of 100 per cent stamp duty, 50 per
cent rebate on land cost up to Rs 20 lakh, power reimbursement of Rs
1.25 per unit for 5 years, 35 per cent investment subsidy up to Rs 50
lakh for MSMEs, interest subsidy of 3 per cent for 5 years,
reimbursement of 25 per cent land conversion charges up to Rs 10 lakh,
100 per cent SGST reimbursement for 5 years for MSMEs, 75 per cent for
medium enterprises, and 50 per cent for large enterprises.
The
policy also proposes 30 skill development centres and 2 skill
development universities. It also provides for a digital platform that
matches a company's requirement with available skilled labour.
Under
the ease of doing business, it promises a faster approval process,
central helpline desk, district-level interventions by the Collector and
improved access to credit through regular meetings with bankers.
The
stated objectives of the policy include channelling the vast untapped
industrial potential of the state, promoting a holistic and
well-balanced regional growth, train and skill the workforce to attract
global investments and ensure a fast turnaround time for grounding
investment proposals.
The policy is aimed to create employment
for the youth, match the national average in industrial Gross Value
Added (GVA) per capita, plan balanced growth across regions and
communities and achieve environmentally sustainable growth.
It is
also designed to develop plug-and-play infrastructure facilities
targeting MSME players at affordable rates, pre-cleared land parcels in
industrial parks, development of clusters and mega industrial parks
along with three major corridors.
Industrial zoning will be a key
focus area to ensure planned industrial development. It will provide a
risk-free investment-friendly environment for industries in the state.
A separate industrial zoning and safety policy is also under development.
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