Andhra Pradesh Unveils Ambitious Industrial Policy 4.0 to Attract ₹30 Lakh Crore Investment and Boost Job Creation

In a bold step to position Andhra Pradesh as a global leader in industrial investment, Minister of Industries, Commerce, and Food Processing T.G. Bharath introduced the state’s visionary Industrial Policy 4.0 to key industry figures in Sri City on Tuesday. Created under the guidance of Chief Minister N. Chandrababu Naidu, this forward-thinking policy aims to attract a staggering ₹30 lakh crore in investments over the next five years, including $10 billion in foreign direct investment (FDI), positioning Andhra Pradesh as a prime hub for innovation and industrial growth.

Bharath underscored that Industrial Policy 4.0 is designed to maximize speed, efficiency, and sustainability. This aligns with Andhra Pradesh’s mission to become an investment-friendly state driven by innovation and sustainability. Inviting feedback from industry leaders, Bharath stressed that the policy is adaptable and intended to reflect the needs of real business environments, ensuring investor interests are met seamlessly.

Dr. N. Yuvaraj, Secretary of Industries and Commerce, highlighted key policy components, particularly the “speed of doing business” framework, which simplifies administrative procedures to promote a seamless, investor-friendly environment. A unique multi-tier investment model for Private Industrial Parks (PIPs) categorizes parks from nano to mega size, each receiving sector-specific incentives of up to 40% and a decarbonization incentive of 6%. This model aims to attract investments in high-potential sectors like MSMEs, green energy, electronics, and food processing.

The policy sets ambitious targets to double exports to $40 billion, focusing on sectors such as automotive, IT, and aerospace. To support job creation and entrepreneurship, initiatives like “One Family One Entrepreneur by 2030” and the establishment of 175 industrial parks across Andhra Pradesh are set to play a pivotal role.

Dr. Ravindra Sannareddy, Founder and Managing Director of Sri City, praised the policy for its investor appeal, with industry leaders welcoming the “speed of doing business” approach. Attendees recommended timely incentive reimbursements, workforce development for women, and enhanced investment in vocational training to complement Andhra Pradesh’s transformation into an investment magnet.

Andhra Pradesh’s Industrial Policy 4.0 represents a decisive step in its journey to become a global investment destination, supporting sustainable development, entrepreneurship, and job creation across the state.