The Andhra Pradesh Economic Development Board (APEDB) has drawn up a plan to widely publicise six principles to attract investment in the state. It focuses mainly on six key benefits in line with Chief Minister YS Jagan Mohan Reddy's suggestion that investors in the state should be given a lifetime guarantee without risk. In particular, the provision of providing high-cost land for investment for cheaper and making the availability of low-cost water, electricity, and plenty of skilled human resources, from project proposals under the AP One name to the lifetime of the industry and the incentives to attract new industries. These six factors will be publicised in this year's road shows and investment conferences in the country and abroad.
It is noted that AP has lands with less rate compared to Gujarat, Tamil Nadu, Karnataka, Telangana, Uttar Pradesh and Maharashtra, which have the highest investment and Industries in our state earn an average of Rs 50 lakh to Rs 60 lakh per acre, while in the above states it is said to be between Rs 1 crore and Rs 2 crore. The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has 48,352 acres of land available like no other state. Also collecting more land. Under the new industrial policy the project is allocating land on lease basis to reduce the initial cost. It also offers the opportunity to purchase them after successfully completing ten years of production. On the other hand, it is developing industrial parks with all the facilities to come directly to the plug-and-play process and start production.