Andhra Pradesh, famously known as "the rice bowl of India," is dominated by the agriculture and livestock sector. The state is strategically located near Chennai, has easy connectivity to major cities, and is one of the favored destinations among foreign investors. International big players such as Intel and Volkswagen have set up their production units here. Amaravati, the upcoming green-field capital city of Andhra Pradesh, is being built in collaboration with Japan, Singapore, and the U.K. With a growth of 11.02% in 2018-2019, the city promises top-notch infrastructure. In addition, it has taken a step towards being a medical hub with its Indo-UK Institute of Health (IUIH) in collaboration with the King's College, London.
The state is a logistical marvel on India's eastern coast, with a coastline that is the second-longest at 974 kilometers. It has six ports, six airports, a road network of nearly 123,000 kilometers, a rail network of 2,600 kilometers, and a 24-hour electricity supply. The state has approximately 24,000 MW of installed electricity capacity and plentiful water resources, with 10% consumption set aside for industries development through Krishna and Godavari River basins.
Andhra Pradesh is India's seventh-largest cotton producer and the second-largest producer of raw silk. It is responsible for 13% of India's net textile exports. With a unique integrated apparel city in Visakhapatnam, the state has 7% of India's total spinning capacity through an innovative Fiber to Store concept. It aims to generate gross revenue of Rs.6,000 crores (USD 960 mn) in investments and 3,00,000 new jobs by 2020. Textile-based industries are well-represented in Guntur, Chittoor, Kadapa, and Kurnool.
The state is home to 14 operational ports and six airports. In addition, 123,334 km of road network available within the state, coupled with 888 km of the national waterways and 2,660 km railways, facilitate easy and convenient transportation routes.
The state ranks #1 in fish and shrimp production as well as production of food and spices. With over 60% population of the state-employed in agriculture and related activities, food processing has become one of the significant areas of the state. It is ranked first in the production of cocoa, papayas, tomatoes, etc.
Andhra Pradesh ranks #1 in the 'Energy Efficiency Implementation Readiness' index of the World Bank and has India's lowest transmission and distribution (T&D) losses. The world's largest single location solar park is located in the Kurnool district. It has an installed power capacity of 24,190MW, of which renewable contributes over 39.5%.
Andhra Pradesh is home to 10% of the production of electronic products in India, with three successful Electronics Manufacturing Clusters. In addition, the state has three dedicated special economic zones for the IT sector and four incubation centers around Visakhapatnam, East Godavari, Kailash, and Anantapur districts.
Kia Motors has set up its first industrial unit in India in the Anantapur district of Andhra Pradesh, with an annual manufacturing capacity of 3,00,000 units. The state contributes to a total of 10% of automotive exports from India. In addition, there are planned auto-clusters under development in Nellore and Chittoor districts with an estimated $3.2 bn new investments by 2020.
The Eastern Naval Command headquarters are located in Visakhapatnam along with the primary satellite launch station of ISRO. In addition, a world-class Maintenance, Repair, and Overhaul (MRO) facility have been proposed as a part of the planned Bhogapuram Aerotropolis near Visakhapatnam. As a result, the state is expected to attract $3.2 bn investments and create 5,000 employment opportunities by 2020.
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
FDI in India Crossed 80 Billion Dollar Last Year: PM Modi
Indian Healthcare Sector Attracts Over USD 12 Billion in FDI: PM Modi
PM Modi pushes for Aatmanirbharta vision at CII Annual Meeting 2021
India must be aware of new FDI - Foreign Destructive Ideology. Says PM Modi.
FDI equity inflows into India cross $500 billion milestone
