March 13, 2020
To promote Andhra Pradesh as an attractive and competitive destination for industrial investments and also emphasis on the sustainabel growth in the region, the State Government has offered various incentives/benefits to all eligible new industrial enterprises set up in the State.
The Scheme covers the projects which commence Commercial Production on or after 1.04.2015 but on or before 31.03.2020 duly covering the whole of the State except the Municipal Corporation limits of Vijayawada, Greater Visakhapatnam Municipal Corporation and Core Capital area of Capital Region Development Authority (CRDA) except the Zones notified as Industrial areas therein. However, the service activities set up across the State including all Municipal Corporation limits and the core capital of CRDA limits as appended in Annexure–II are eligible only for investment subsidy and all other Service / Business activities are not eligible for any incentives set up anywhere in the State.
Under the new “Industrial Development Policy (IDP) 2015-2020”, the Government approved the following fiscal benefits covering the categories of
(a)Micro, Small & Medium Enterprises
(b)Large Industries (c)Scheduled Caste & Scheduled Tribe Entrepreneurs
(d)Backward Class Entrepreneurs
(e)Women Entrepreneurs and
(f) Mega Projects:-.
Below are list of green investments that will subsidized by the government :