ushma87star
Par 100 posts (V.I.P)
Having bagged several IT Sector investments, the Andhra Pradesh Government is now aggressively marketing the state to non – IT sector companies as well. “The total incentives extended by the state will amount to close to 20 per cent of the project cost. The equivalent in other states works out to around 8 per cent of the project cost,” says Venugopal Dhoot, Chairman, Videocon, who preferred Andhra Pradesh to West Bengal fir his Rs 1,000 crore semi – conductor unit.
So, what’s the key to attracting investments? Land, water and power at concessional rates, says Dhoot, who decided on Andhra Pradesh early this month. “Over the past two years, we have been gathering information on the incentives other states are willing to offer and have been systematically trying to better that,” says a state government official.
The thrust on non – IT areas does not come at the cost of the IT industry, though. In the case of land allotment for Infosys’ second campus in Hyderabad, the government is considering an alternate location since the current one is caught up in legal wrangles.
Surely, non-exclusive marketing efforts will go a long way in ensuring inclusive growth in the state.
So, what’s the key to attracting investments? Land, water and power at concessional rates, says Dhoot, who decided on Andhra Pradesh early this month. “Over the past two years, we have been gathering information on the incentives other states are willing to offer and have been systematically trying to better that,” says a state government official.
The thrust on non – IT areas does not come at the cost of the IT industry, though. In the case of land allotment for Infosys’ second campus in Hyderabad, the government is considering an alternate location since the current one is caught up in legal wrangles.
Surely, non-exclusive marketing efforts will go a long way in ensuring inclusive growth in the state.