To provide one-stop digital platform

Hyderabad: Andhra Pradesh government would provide a one-stop digital platform for all domestic and foreign investments through AP Single Desk Portal. The business-specific approvals for setting up of business are granted within a maximum timeframe of 21 days, says Gudivada Amarnath, Minister for Industries, Infrastructure, Investment & Commerce, Information Technology, Handlooms & Textiles.

He was here on Friday to attend the last of the domestic roadshows as part of the run up to the Global Investors Summit 2023 which is scheduled exactly one week away on March 3-4, 2023 in Visakhapatnam. The successful industry meet will showcasing the State’s rich natural resources, large investments in infrastructure, land bank, and intensive reforms in rules and regulations.

Speaking at the event, the minister said that they had a very positive response so far in the cities of New Delhi, Mumbai, Bengaluru and Chennai. “I believe that such industry meets can enhance collaboration and synergy throughout the nation's business community,” he said. “These efforts, taken together, position AP as the state where abundance meets prosperity.”

The minister also pointed out similarities between Hyderabad and Visakhapatnam, he said that Visakhapatnam has always been a strong industrial hub, with its PSU base, port-led infrastructure and sector strengths especially in IT, pharmaceuticals, medical equipment, textiles, steel, heavy industry and defence. This is the largest city in AP and will serve as its administrative headquarters in few months.

The AP government aims to minimise the cost and risk of conducting business; make the regulatory environment more business-friendly by offering best-in-class facilities, hassle-free setup, skilled talent, and end-to-end hand-holding assistance for units.

Amarnath also stated that the government will shortly introduce a forward-looking Industrial Policy in a new avatar with emphasis on driving economic growth across key focus sectors, promoting port-led industrial development, end to end Investor facilitation skilling and employment generation, promoting entrepreneurship and startup culture, inclusive and balanced regional development.