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Chap 6 Industries 1

The Government of Andhra Pradesh has identified 10 key industries for focus to promote industrialization and job creation, including Agro & Food Processing, Life Sciences, and Electronics. The state aims to enhance the manufacturing sector, which contributes about 11% to the GSDP, by supporting MSMEs and creating a conducive investment ecosystem. Initiatives include developing industrial corridors to integrate MSMEs into the global value chain and boost employment opportunities.

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Gnanendra V Kumar
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17 views1 page

Chap 6 Industries 1

The Government of Andhra Pradesh has identified 10 key industries for focus to promote industrialization and job creation, including Agro & Food Processing, Life Sciences, and Electronics. The state aims to enhance the manufacturing sector, which contributes about 11% to the GSDP, by supporting MSMEs and creating a conducive investment ecosystem. Initiatives include developing industrial corridors to integrate MSMEs into the global value chain and boost employment opportunities.

Uploaded by

Gnanendra V Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SOCIO ECONOMIC SURVEY 2023-24 113

INDUSTRIES

Government of Andhra Pradesh has identified 10 thrust


INDUSTRIES areas for greater focus:
1. Agro & Food Processing
Andhra Pradesh is committed to industrialization and to 2. Life sciences (including pharmaceutical, biotech-
create jobs for the youth. Despite being predominantly nology & medical equipment)
agrarian, the government in the recent past has
3. Textile & Apparel
undertaken structural reforms in the state to accelerate
industrialization by creating a good ecosystem for 4. Electronics & Information Technology
investments. Through its Industrial Policies, the state has 5. Aerospace& Defence Manufacturing
put in place various initiatives for developing different
6. Automobiles& Auto Components
segments like Agro and Food processing, Biotechnology,
Bulk drugs and Pharmaceuticals, IT and ITeS, Textile, 7. Petroleum, Chemicals, (including Fertilizers) and
Automotive and Auto components and Tourism and Petrochemicals
thereby create opportunities for entrepreneurs and 8. Energy
generate employment.
9. Mineral based industry
Manufacturing sector, accounting for about 11% of the
10. Leather
GSDP, remains the high focus area in the state. Post State
bifurcation, the MSME profile of the State has changed The Government is planning to lay emphasis on the
significantly towards capital intensive industry. The manufacturing sector duly identifying value creation
government has identified competitive MSMEs as a and enhancement opportunities, making the Vizag
central theme for developing the MSME sector and to Chennai Industrial Corridor (VCIC) and Chennai-
make MSMEs a central part in the global value chain and Bangalore Industrial Corridor as viable options to
becoming the flag bearer of Brand Andhra Pradesh. promote growth and enhance the employment avenues.

Sector wise major districts by output

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