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Andhra Pradesh is situated on the south-eastern coast of the country. The state is the seventh largest state in India by area. As per Census of India, the state is tenth largest by population. Andhra Pradesh was ranked eighth among other Indian states in terms of contributor to India’s GDP
On 2 June 2014, the north-western portion of the state was bifurcated to form a new state of Telangana. Andhra Pradesh’s longtime capital, Hyderabad, was transferred to Telangana as part of the division. However, in accordance with the Andhra Pradesh Reorganisation Act, 2014, Hyderabad will remain the de jure capital of both Andhra Pradesh and Telangana states for a period of time not exceeding 10 years. The new riverfront proposed capital in Guntur district is Amaravati, which is under the jurisdiction of APCRDA. The Gross State Domestic Product (GSDP) of the state in the 2016–2017 financial year at current prices stood at ₹6,800.3 billion (US$110 billion).
The state has a coastline of 974 km (605 mi) with jurisdiction over nearly 15,000 km2 territorial waters, the second longest among all the states of India after Gujarat. Andhra Pradesh is composed of two regions: Coastal Andhra, located along the Bay of Bengal, and Rayalaseema, in the inland south-western part of the state. These two regions comprise 13 districts, with 9 in Coastal Andhra and 4 in Rayalaseema. Visakhapatnam, located on the Bay of Bengal in North Coastal Andhra is the largest city and commercial hub of the state with a GDP of $26 billion, followed in population and GDP by Vijayawada, which is located on the Krishna River and which has a GDP of $3 billion as of 2010.
The state comprises of well qualified, skilled, disciplined, productivity-oriented and English-speaking workforce. The standard of education and educational institutions is highly rated in the country. Average wages are also lower than similar workforce in the developed countries.
Andhra Pradesh hosted average 121.8 million visitors, a 30% growth in tourist arrivals year by year. The Tirumala Venkateswara Temple in Tirupati is one of the world’s most visited religious sites, with 18.25 million visitors per year. Other pilgrimage centers in Andhra Pradesh include the Mahachaitya at Amaravathi, and the Kanaka Durga Temple in Vijayawada, while the state’s natural attractions include the beaches of Visakhapatnam, hill stations such as the Araku Valley and Horsley Hills, and the island of Konaseema in the Godavari River delta.
Andhra Pradesh was ranked eighth among other Indian states in terms of GSDP for the financial year 2014–2015. The GSDP at current prices was 5200.3 billion and at constant prices was 2645.21 billion. The domestic product of agriculture sector accounts for ₹545.99 billion (US$8.5 billion) and Industrial sector for ₹507.45 billion (US$7.9 billion). The service sector of the state accounts more percentage of the GSDP with a total of ₹1,305.87 billion (US$20 billion). In the 2016 list by Forbes magazine, there were several from Andhra Pradesh among the top 100 richest Indians.
Telangana located in southern India. Formed on 2 June 2014 as the youngest state in India, from the northwestern part of the Joint State of Andhra Pradesh, Telangana has an area of 112,077 square kilometres (43,273 sq mi), and a population of 35,193,978 (2011 census). It is the twelfth largest state in India, and the twelfth most populated state in India. Its major cities include Hyderabad, Warangal, Nizamabad and Khammam.
It consists of the ten north-western districts of Andhra Pradesh with Hyderabad as its capital. It is the twelfth largest state in India by area. Most of it was part of the princely state of Hyderabad (Medak and Warangal Divisions), which was ruled by the Nizams during the British Raj until 1947, and later until 1948, when it joined the Union of India. In 1956, Hyderabad state was dissolved and Andhra State was merged with the Telangana region of the state of Hyderabad to form the state of Andhra Pradesh. The city of Hyderabad will continue to serve as the joint capital for Andhra Pradesh and the successor state of Telengana for a period of ten years. Hyderabad, Warangal, Karimnagar and Nizamabad are the major cities in the state.
The commonly spoken languages are Telugu, Hindi, Urdu and English.
The Economy of Telangana is mainly driven by agriculture. Two important rivers of India, the Godavari and Krishna, flow through the state, providing irrigation. Farmers in Telangana mainly depend on rain-fed water sources for irrigation. Rice is the major food crop. Other important crops are cotton, sugar cane, mango and tobacco. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects and Nagarjuna Sagar Dam, the world’s highest masonry dam.
The state has also started to focus on the fields of information technology and biotechnology. Telangana is one of top IT exporting states of India. There are 68 Special Economic Zones in the state.
Telangana is a mineral-rich state, with coal reserves at Singareni Collieries Company.
Top 5 Industries(Sectors): Information Technology, Pharmaceuticals, Biotechnology, Manufacturing & Aviation/Defense
Top 5 MNCs: Microsoft, Bayer Crop Sciences, AMD, Mylan Laboratories, Monsanto Seeds, Nvidia, International Paper
Top 5 domestic companies: Cyient Ltd, D.Reddy’s Laboratories, Aurobindo Pharma, Mahindra, Nagarjuna Fertilizers & Chemicals Limited
Potential Inward Investments: IT, ITeS, Power, Food Processing, Irrigation, Infrastructure, Automobiles, Medical Devices & Equipment, Life Sciences, Defence, Healthcare, Renewable Energy, Textiles, Education
Potential Outward Investments: Agriculture, Mining, Infrastructure, Pharmaceuticals & Bulk Drugs
It is great pleasure and honour to take charge as the Chairman of IACC AP & TS Branch for the year 2016-17.
Indo- American Bilateral trade, which is at presently 115 Billion $ have a great potential to grow to 500 Billion $ in near future. AP & TS states are having visionary political leadership and policy makers, under their leadership both states can contribute significantly towards this growth.
IACC for last couple of years is working closely with various policy makers in this direction.
We at IACC AP & TS branch would like to take various initiatives. Last year National conclave at Hyderabad was a step in same direction.
I request all members of AP & TS Branch to actively participate in these initiatives.
We will focus on Infrastructure, Pharma, Start-ups, IT/ITES, Agriculture and Water as the major sectors of Bilateral Trade.
We will closely work with US Consulate and US Commercial service on various initiatives of the Chamber.
I request all members of AP & TS Branch to share suggestions / feedback and help the branch in increasing the membership base.
The major objective of IACC is to promote Indo-American business, trade and economic relations. IACC promotes bilateral trade, investment and technology transfer, facilitates business collaborations, joint ventures, marketing tie-ups and strategic alliances through a set of proactive business-oriented initiatives. In particular has established the following objectives:
|1.||Facilitate exports of products from India (like Agriculture, Pharmaceutical, IT)|
|2.||Facilitate and hand hold US-based SMEs to do business with India|
|3.||Promote Environment related trade between India and US|
|4.||Facilitate US Investments in India’s Real Estate sector|
|5.||Facilitate outsourcing of services from US to India|
In addition, the chamber will initiate debates and prepare issue based white papers on Indo-US trade related issues in the context of Double Taxation, Intellectual Property Rights and Totalization Treaty.
We at IACC, industry led and industry-managed organization, playing a proactive role in India’s development process and serving as a much needed link between the business communities of India and the United States of America are committed to develop Indo-US business and trade relations.
It shall be endeavour of each one of us to achieve planned objectives in efficient manner, thereby creating new benchmark in our performance/s.
We shall be committed to comply with requirements of international standard on quality management system & continually improve its effectiveness in true spirit to increasingly professionalize and empowering our organization.
IACC, AP & TS Branch.
|Chairman||Mr. Chandrajit Narra |
HIQ Business Solutions Pvt. Ltd.
|Vice Chairman||Mr. Vasudeva Rao Devaki |
D V Rao & Associates
|Mr. Vijayasai Meka |
S & S Green Projects Pvt. Ltd.
|Members||Mr. R. Govind Hari |
Pushpagiri Vitreo Retina Clinic Pvt. Ltd
|Mr. Merla Muralidhar |
Kakinada Seaports Limited
|Mr. CH. Rajagopal Choudary |
Devi Fisheries Ltd.
|Mr. P.R. Jayatheertha |
Kistler Morse Automation Limited.
|Mr. J. Ravikanth Reddy |
Founder & CEO
Pquest Human Resources Pvt. Ltd.
|Mr. Y Sairam |
Gamya Infrastructure Services Pvt. Ltd
|Mr. Ramakrishna Dasari |
Efftronics Systems Pvt.Ltd.
|Mr. VVSN Raju |
Juris Prime Law Services
|Mr. B. Srikanth |
Phoenix Infratech(India) Pvt. Ltd.
|Mr. Ramkumar Rudrabhatla |
P&P Nexgen Tech Pvt. Ltd.