AP govt approves separate policies for MSME, fisheries, tourism
Updated: May 13, 2015 12:05:54pm
Hyderabad, May 13 (KNN) A move which will give a major boost to the sectors like MSME, fisheries and tourism, the Andhra Pradesh government has approved unveiling of separate policies for the three sectors along with several sops to attract investments.
The move aims to attract private sector investments and create huge job opportunities in the promising services sector.
The State Cabinet, which met here on Tuesday and chaired by Chief Minister N Chadrababu Naidu, also approved a new e-procurement policy.
According to State Ministers K Atchannaidu and P. Pulla Rao, these policies and number of other decisions, including loan waiver for DWCRA women, were taken at the meeting.
The State cabinet approved five policies altogether including AP procurement policy for e-governance to bring in transparency and accountability in governance and taking up coffee plantations in additional one lakh acres in agency areas of Visakhapantam, said the Ministers.
Explaining about the MSME policy, Atchannaidu said 15 per cent of land in industrial estate would be allotted to MSMEs and various concessions would be extended on VAT, fixed capital investment, investment subsidy. A separate fund of Rs.100 crore would be set up to revive identified sick units in villages and cities.
Pulla Rao told the media that Andhra Pradesh became the first State to formulate policy for fisheries as the State identified it as a growth engine to take its share of GSDP from 16 per cent to 30 per cent by providing modern infrastructure facilities including cold storages, processing units, fish markets and promoting fish farms in a big way in ponds, tanks besides cage culture.
He further said that developing tourism infrastructure in beach, jungle, hill resorts, amusement parks, MICE centres, tourism services, heritage hotels. It has potential to provide seven lakh jobs and contribute to seven per cent of GSDP.
The Cabinet also gave nod to extend incentives ranging from 5 per cent to 15 per cent or Rs 2 crore to 10 crore based on quantum of investments, which is aimed towards increasing the domestic tourist traffic from nine crore to 18 crore in four years.
The other Cabinet decisions include extending loan waiver cheques to DWCRA women from June 2 to 8 and constituting expert committee to look into all aspects of Agri Gold and similar micro finance companies which defaulted on payments to lakhs of depositors. A Cabinet subcommittee was also constituted to examine hiking wages to Anganwadi workers.
Seeking to address concerns of the sugar and ferro alloys units, the Government has sought reports on their concerns for follow up action. (KNN Bureau)
The move aims to attract private sector investments and create huge job opportunities in the promising services sector.
The State Cabinet, which met here on Tuesday and chaired by Chief Minister N Chadrababu Naidu, also approved a new e-procurement policy.
According to State Ministers K Atchannaidu and P. Pulla Rao, these policies and number of other decisions, including loan waiver for DWCRA women, were taken at the meeting.
The State cabinet approved five policies altogether including AP procurement policy for e-governance to bring in transparency and accountability in governance and taking up coffee plantations in additional one lakh acres in agency areas of Visakhapantam, said the Ministers.
Explaining about the MSME policy, Atchannaidu said 15 per cent of land in industrial estate would be allotted to MSMEs and various concessions would be extended on VAT, fixed capital investment, investment subsidy. A separate fund of Rs.100 crore would be set up to revive identified sick units in villages and cities.
Pulla Rao told the media that Andhra Pradesh became the first State to formulate policy for fisheries as the State identified it as a growth engine to take its share of GSDP from 16 per cent to 30 per cent by providing modern infrastructure facilities including cold storages, processing units, fish markets and promoting fish farms in a big way in ponds, tanks besides cage culture.
He further said that developing tourism infrastructure in beach, jungle, hill resorts, amusement parks, MICE centres, tourism services, heritage hotels. It has potential to provide seven lakh jobs and contribute to seven per cent of GSDP.
The Cabinet also gave nod to extend incentives ranging from 5 per cent to 15 per cent or Rs 2 crore to 10 crore based on quantum of investments, which is aimed towards increasing the domestic tourist traffic from nine crore to 18 crore in four years.
The other Cabinet decisions include extending loan waiver cheques to DWCRA women from June 2 to 8 and constituting expert committee to look into all aspects of Agri Gold and similar micro finance companies which defaulted on payments to lakhs of depositors. A Cabinet subcommittee was also constituted to examine hiking wages to Anganwadi workers.
Seeking to address concerns of the sugar and ferro alloys units, the Government has sought reports on their concerns for follow up action. (KNN Bureau)
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