Delhi: Andhra Pradesh is one of the fastest growing states in the country with 11.43% growth rate in terms of GSDP, said Chief Minister Jagan Mohan Reddy while addressing the industry representatives and the International diplomatic alliance in Delhi. He also invited them to participate in the Global Investors Summit in Vizag on March 3 and 4. He also assured the
‘Govt. offering a slew of incentives and tax exemptions’
Minister for Industries Mekapati Goutham Reddy on Tuesday said that Andhra Pradesh would continue to be the best destination for setting up new industries as the government had been providing many incentives and exemptions from many taxes.
He was speaking after inaugurating the district-level conference of industries in Vizianagaram to highlight the benefits of Ease of Doing Business and other such aspects.
Mr. Gautham Reddy said the government had released incentives worth ₹1,100 crore for small and medium industries that were affected by the lockdown and COVID-19 pandemic.
“As many as 31 departments have relaxed norms and regulations to ensure quick permission for the entrepreneurs keen on setting up their units in the State. Compared with other States, the reforms that have been brought in A.P. are a boon to the entrepreneurs,” the Minister said.