Hyderabad:

Chief Minister N. Chandrababu Naidu is planning an investor-friendly policy to woo information technology and other industries to invest in Andhra Pradesh.

IT minister Palle Raghunatha Reddy will lead a high-level delegation to the United States of America and United Kingdom to invite NRIs, IT and other companies to set up companies in AP.

The delegation will explain the benefits, tax concessions and other incentives the Centre  and the state will offer to investors.

“Every day, nearly 15 to 20 NRIs have been  showing interest in  investing here. They are requesting us to post details of incentives and special category status  that will be offered to investors on the Website. After finalising the new policy, we will upload all the details on our Website,” said  minister Mr Reddy.

Stating that he is likely to visit the US and UK shortly, the minister said he has already conducted  meetings  with nearly 250 national and international companies  eager to invest in residuary AP.

“As many as 17 companies have confirmed to invest. IT firms like Wipro, Tech Mahindra and Infosys are also  interest,” he said.

The state government has plans to develop an ITIR in Visakhapatnam, mega IT hubs in Vijayawada, Tirupati and Anantapur.

As decided so far, AP government will  provide a single-window facility for investors where in they can get  all relevant permissions for setting up industries, environmental clearances, building permissions, power and water connectivity and others.

source: http://www.deccanchronicle.com / Deccan Chronicle / Home> Nation> Current Affairs / DC / by M. Roushan Ali / July 09th, 2014