HYDERABAD: The State Investment Promotion Board (SIPB) has
cleared proposals worth Rs 18,000 crore relating to 27 industries and an
employment potential of 59,732.
Chief Minister K Rosaiah on Monday chaired the meeting of
the SIPB at the Secretariat. Industries department commissioner Anantharamu
apprised the Chief Minister and the SIPB about the proposals received.
Rosaiah directed the SIPB to create a congenial atmosphere
to attract more industries and investments to Andhra Pradesh.
The SIPB has decided to give 50 per cent VAT/ CST or SGST
reimbursements for a period of 5 years and all other incentives as per the
Industrial and Investment 2005-2010 Policy to most of the industries which come
forward with investments.
The companies which get these incentives are : Lanco I n d
u s t r i e s i n Chittoor district(investment Rs 369 crore and employment
1,000), MRF Tytres, Sadasivpet, Medak district (investment Rs 472 crore and
employment 1,150), Vibha Seeds, Mahabubnagar district (investment Rs 153 crore
and employment 233), AP Iron Ore Company, Prakasam district (investment Rs
455.37 crore and employment 220), Saraiwala Agri, Nellore district (investment
Rs 121.19 crore and employment 1,000), Emami Biotech, Nellore district
(investment Rs 240 crore and employment 700), Hindustan National Glass &
Industries, Nellore District (investment Rs 1,600 crore, employment 5,000), and
Spin-Cot Textiles, Guntur district (investment Rs 136 crore and employment 400).
Mohan Spintex India, Bapulapadu mandal, Krishna district
(investment Rs 128 crore, employment 600), Idupulapadu Cotton Mills, Prakasam
district - (investment Rs 149 crore and employment 1,500), Continental Carbon
India, Visakhapatnam district (investment Rs 1,000 crore and employment 3,000),
Trident Life Science, Medak district (investment Rs 159 crore and employment
3,500), Aurobindo Pharama, Mahabubnagar distict(investment Rs 164.33 crore and
employment 3,500), Maa Mahamaya Industries, Vizianagaram district (investment Rs
1,088.4 crore and employment 425), Steel Exchange India, Vizianagaram district
(investment Rs 494.85 crore and employment 2,000) and NSL Textiles, Prakasam
district (investment Rs 628 cr and employment 5,400), Trimex Sands, Srikakulam
district (investment Rs 3,000 cr and employment 299).
However, Srini Food Park in Chittoor district investment Rs
126.54 crore and employment 20,000) will get 75 per cent VAT reimbursement on
sales both for one park and the units proposed to be located in the part for 5
years, reimbursement of stamp duty for the mega park as a special case and VAT
reimbursement during construction period for two years limited to Rs 1.18 crore.
industries minister K Lakshminarayana, revenue minister D Prasada Rao, small
scale industries minister D K Aruna and other officials participated in the