Vijayawada: Andhra Pradesh Industries Minister Mekapati Gautham Reddy and AP Industries Infrastructure Corporation Chairperson R.K. Roja on Monday released new Industrial policy of AP – 2020-23 at Mangalgiri, with focus on MSME sector and Women Entrepreneurs.

The policy focuses on creating more investment opportunities in the MSME sector and encouraging women entrepreneurs in the next three years. The Government also offered state GST reimbursement for the industries, both MSME and the other industries basing on employment potential that they create in a target period of five years. The Government is giving highest priority to the provision of best in class infrastructure, zero hassle setup and skilled labour availability for investment.

The investor risk is brought down to zero level with single window support from the Government, the new policy said. As promised in the 2020-21 budget, the Government is giving highest priority to promote women entrepreneurs and had offered several incentives for them. The benefits would also be extended to the entrepreneurs coming from the SC, ST, BC and Minority communities, said in the new policy. The State Government also decided to offer land on lease to industries for minimum period of 33 years.

However, the industries, after the successful operations for the first ten years, can own the land. The Government is also preparing industrial zoning system to designate industries in the districts. The Government would help the investors to go to the designed area based on the nature of the industry.

However, mega industries will be allowed to be opened outside industrial parks based on the requirement and investment potential. The skill development centres in the state would provide the trained persons from the 30 skill development colleges that would come up across the state.

The State Government is also planning to open ‘YSR AP Online’ a multi- faceted end-to-end business enablement centre to assist the investors. The centre would help the investor to entrepreneurship facilitation, market research, branding, sales support, incentive management, business enablement, investor research- out and other activities.