|
| |
India - Andhra Pradesh
Strategic Sectors in Andhra Pradesh
Andhra Pradesh ranks among the largest producers of food grains, fruits,
vegetables, cotton, maize, dairy and poultry products in the country.
Leading state in several agro based industries - Sugar, Edible oil, Seafood
etc.
Andhra Pradesh is home to many manufacturing and service industries such as
Information Technology, Bulk Drugs & Pharmaceuticals, Agro Processing; Mineral
based Industries, Engineering Industries, Textiles, Leather Goods, Gems and
Jewellery
The Government of Andhra Pradesh has placed thrust on the Information Technology
(IT) sector, as one of the major growth driver of the state in the future.
The State has numerous advantages in terms of the abundant availability of
highly skilled IT manpower, World-class technical and social infrastructure, and
a pro-active Government. The state has also emerged as a back office to the
world, emerging as a preferred Investment destination for the global ICT
community from BPO to KPO, Technology to R&D, Design to FAB, EMS to Telecom,
Animation to Gaming etc. A number of reputed corporates have made the state
their home namely Microsoft, Oracle, IBM, Dell, GE, HSBC, Bank of America,
Deloitte, Motorola, Nokia, Convergys, Google, Amazon , HCL, Satyam etc.
The Automobile Industry has a strong presence in the State of Andhra
Pradesh owing to a broad base of automotive component manufacturers and a large
pool of highly trained and skilled manpower. Andhra Pradesh has to its credit,
more than a 100 automotive component manufacturing companies
(including first-tier suppliers and OEM's)
The agriculture sector contributes nearly 19 percent of the State's GDP,
providing employment to around 65 per cent of the state population. This
sector is endowed with a bounty of natural resources in terms of soil and
irrigation systems.
Andhra Pradesh has a dominant position in the bulk drugs and pharmaceutical
sector with Hyderabad accounting for nearly one third of India's total bulk
drug production. Andhra Pradesh has a market size of US$1.6 billion presently
growing to US$10 billion by 2010. It is also well known internationally for its
skills in chemical synthesis and process engineering. Hyderabad, is considered
as the bulk drug capital of the country.
Biotechnology is another important industry sector in Andhra Pradesh with the
state being naturally blessed with abundant and diverse agriculture, forest
wealth, marine resources and cattle population that serve as catalysts for the
promotion of the biotech sector.
The Textile and leather industry is poised for exponential growth in Andhra
Pradesh with the state being second in the manufacture of raw silk and
cotton, fourth in the production of wool and textile mills in the country.
Andhra Pradesh is among one of the first states to have an exclusive policy for
tourism. Andhra Pradesh accounts for 23 per cent of the domestic tourist
arrivals in the country and 2.7 per cent of International tourists visiting
Andhra Pradesh.
|
