Andhra Pradeshindustries minister Gudivada Amarnath said that theYSRCP governmenthas brought the new Industrial Policy even though the existing policys term is to be completed. Many governments would take long gaps in announcing new policies even after the existing policy term was completed. By putting aside this practice, the YSRCP government has brought the 2023-27 New Industrial Policy which isinvestors friendly policy.
Industries ministerGudivada Amaranthreleased the New Industrial Policy and also launched YSR AP One on Monday and said that CM Jagan Mohan Reddy gave priority to many sectors that were neglected by the previous governments. He said the new industrial policy is showcasing the state’s financial Growth. Ware Housing got the ‘s status in the New Policy. The new policy focused on Low-Cast Low-Risk businesses.
The stable government and industrial policy with reforms attracted investors during the Global Investors Summit. The State Government planned to utilize its entire 974 km coastline as CM had decided to construct Ports and fishing harbors, besides Port based industries on 48,000 acres adjacent to these ports and harbours. The state government would encourage land waterways rather than road transport.