Business in Andhra Pradesh India. Foreign Trade, Invest, Industrial, Services, ...

Summary:

The State of Andhra Pradesh is strategically located in the Indian sub continent. It has the second largest coastal line in the country with an area of 970 Km. Andhra Pradesh is increasingly being recognized, as the hub of industrial activity in South India. It is the third largest state in the country over an area of 276754 sq kms, and a population of 76 million. The capital city of the State is Hyderabad, which is cosmopolitan, convenient and accessible.

It is ranked among the fastest growing state in the country with an 8.35 per cent annual growth.

It is characterised by a large pool of scientific and technical manpower (75% of India's engineering graduates come from the four southern states of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala). Nearly 23 per cent of the software professionals in the United States of America are from Andhra Pradesh.

The Port of Visakhapatnam, is the gateway to the East Coast of India. It plays a crucial role as the middle point distribution base for Southern, Eastern, Central and Northern states of India. Described as the “Brightest Jewel” of all Indian major ports for its outstanding performance and productivity, Visakhapatnam Port serves as a catalyst in spurring domestic and international trade.

Andhra Pradesh is also home to several leading industrial / IT companies having their presence both in national and international circuits. AP occupies a pride of place in the country in the IT and IT Enabled Services activities. AP is the leading state in the country in using IT for improving the quality of administration and for taking Governance to the doorsteps of every citizen in the state. Almost every village in the state is covered by optical fiber network of BSNL and Reliance providing the communications network. 

Strategic Sectors for investing in Andhra Pradesh

Andhra Pradesh ranks among the largest producers of food grains, fruits, vegetables, cotton, maize, dairy and poultry products in the country. Leading state in several agro based industries - Sugar, Edible oil, Seafood etc.

Andhra Pradesh is home to many manufacturing and service industries such as Information Technology, Bulk Drugs & Pharmaceuticals, Agro Processing; Mineral based Industries, Engineering Industries, Textiles, Leather Goods, Gems and Jewellery

The Government of Andhra Pradesh has placed thrust on the Information Technology (IT) sector, as one of the major growth driver of the state in the future.  The State has numerous advantages in terms of the abundant availability of highly skilled IT manpower, World-class technical and social infrastructure, and a pro-active Government. The state has also emerged as a back office to the world, emerging as a preferred Investment destination for the global ICT community from BPO to KPO, Technology to R&D, Design to FAB, EMS to Telecom, Animation to Gaming etc. A number of reputed corporates have made the state their home namely Microsoft, Oracle, IBM, Dell, GE, HSBC, Bank of America, Deloitte, Motorola, Nokia, Convergys, Google, Amazon , HCL, Satyam etc.

The Automobile Industry has a strong presence in the State of Andhra Pradesh owing to a broad base of automotive component manufacturers and a large pool of highly trained and skilled manpower. Andhra Pradesh has to its credit, more than a 100 automotive component manufacturing companies (including first-tier suppliers and OEM's)

The agriculture sector contributes nearly 19 percent of the State's GDP, providing employment to around 65 per cent of the state population. This sector is endowed with a bounty of natural resources in terms of soil and irrigation systems.

Andhra Pradesh has a dominant position in the bulk drugs and pharmaceutical sector with Hyderabad accounting for nearly one third of India's total bulk drug production. Andhra Pradesh has a market size of US$1.6 billion presently growing to US$10 billion by 2010. It is also well known internationally for its skills in chemical synthesis and process engineering. Hyderabad, is considered as the bulk drug capital of the country.

Biotechnology is another important industry sector in Andhra Pradesh with the state being naturally blessed with abundant and diverse agriculture, forest wealth, marine resources and cattle population that serve as catalysts for the promotion of the biotech sector.

The Textile and leather industry is poised for exponential growth in Andhra Pradesh with the state being second in the manufacture of raw silk and cotton, fourth in the production of wool and textile mills in the country.

Andhra Pradesh is among one of the first states to have an exclusive policy for tourism. Andhra Pradesh accounts for 23 per cent of the domestic tourist arrivals in the country and 2.7 per cent of International tourists visiting Andhra Pradesh.

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