AP Demands Special Status - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
In recent days, special category status is among the major issues in the Andhra Pradesh. Based on 13th Schedule of AP REORGANISATION ACT formed on 20th Feb 2014 at the time of state bifurcation, the Central government made a handful promises to Andhra Pradesh owing to the state’s deficit budget during bifurcation. AP has been increasing substantially in e-Governance and Information Technology due to the availability of talent pool, low cost of operations as well as in the emerging policies of the Government. The growth of AP during the next decade is estimated to be approximately 12% CAGR.
The key promises made to the state during the bifurcation include Dugarajapatnam port, Vizag-Chennai industrial corridor, extension of three AP airports, Vizag railway zone, metro rail project, educational institutions such as IITs, NITs, IIMs and many others, healthcare schemes, petroleum industry, funds for the large-scale irrigation projects
AP Demands Special Status - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
and so on. Among all the promises made, healthcare, capital city building, and educational sector are among the key sectors which have witnessed initiatives and support from the central government.
Moreover, Investments in IT industry of $2 Billion with a 5% share in national exports of Software to create additional direct employment of 0.5 Million. Vizag will be developed as a Mega IT hub with a built-up space of 5 million square feet and a signature tower of 1 Million square feet in the form of a nucleus of mega IT hub. Additionally, APIIC requires industrial parks which comprise IT, Bio-Tech, Automotive, Apparel and other industrial and general infrastructural development organisations and associations. The land allocation would be by investment capacity as well as based on business proposals.
The special status will provide the 3% discount will be provided under special status on working capital
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AP Demands Special Status - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
for the establishment of industries. 50% will apply to electricity industry costs for approximately ten years. What AP lost without the allocation of special status include the foreign direct investments for the establishment of industries, infrastructural facilities development, and crops irrigation.
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