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AP New Capital name announced Officially!


'Amaravati' has been chosen as the name of the new capital in Andhra Pradesh. AP Cabinet has passed a resolution in this regard on Wednesday.

Some of the key decisions including approval of New Industrial Policy were taken in Today's Cabinet Meeting which lasted for about 4-and-a-half Hours. AP CM Chandrababu Naidu will address the media at 7 PM this evening to share the details of new decisions & developments during his Singapore tour.

Highlights of New Industrial Policy:

  • Single Window Clearance
  • 10 Lakh Acres of Land Bank
  • Incentives for Agriculture and Biotechnology
  • Lease Period of SEZs - 99 Years
  • Special Incentives for Companies investing over Rs 100 crore
  • Reimbursement of VAT & GSP for a period of 5 Years if cooperated with Swachh Bharat & Green AP Campaigns
  • Special Incentives for SC, ST & BC Women Entrepreneurs.

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