Andhra Pradesh Cabinet postponed the final approval of New Industrial Policy till March 28th after 10 Minister couldn't attending the meeting held Yesterday as they were busy touring their districts. All the key aspects of the new Industrial Policy of AP have been listed below...
AP's New Industrial Policy Highlights:
Attract 30,000 crore investments in the next 5 Years
Permissions for setting up Industries will be given within 21 Days
Ban on Strikes for 3 Years in the New Industries
Allot 592 acres at Madanapalle to Hero Motor Corp
Setting up mini Life Science Parks at Kakinada, Anantapur and Chittoor or Guntur.
Tax Incentives on par with Karnataka
Recruitments through Employment Exchanges
Industrialists need to submit their requirements before establishing their Unit in the state
Tax Returns of Business Establishments at one place instead of the current six places.