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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
With my years of experience serving as Chairman and President of several trade bodies and Central Government apex bodies, I thoroughly understand the philosophy and ideology on which IACC is formed. The history of IACC talks about the stalwarts of the industry who established and operated IACC during challenging times. We all know how difficult it was to even to think of USA, doing business, was a far thing. Over a period of time, we could realise the trade relations blossoming among both the countries and eventually the embargo on Indian trade was lifted by the USA. Presently we are on par with the American companies and on the same level playing field in standards. I understand the efforts put in by IACC to bring about such evolution.
Even though IT dominates the trade, there are many other trades which we can collaborate with the US companies, apart from US companies investing in India in a big way. Pharmaceuticals, Manufacturing, Agro, Bio technology, Aerospace and Textiles are the potential areas of collaboration. Pharma is already leading next to IT. American companies are looking at India in a big way in other mentioned sectors.
Through IACC, I foresee the development of the intercontinental relationship in the near future. Our ‘Make In India’ policy would really do wonders to the SME sectors. We need to act as a bridge between trade communities of both the countries.
Telangana and AP are complementing each other in terms of growth. Both the governments have come up with excellent and investment friendly Industrial and IT Policies. Industrial corridors are earmarked and new city developments are planned. Each and every commercial district in both the states are considered to be revamped and supported with good infrastructure. Agriculture is also considered to be one of the major sectors where huge support is extended by both the governments. The Central government is also supporting both the states. Meetings with the Union Government will be organised when and where required sector wise through IACC AP &TS chapter.
In such a vibrant scenario we need to use this opportunity to project to the US companies, the readiness of these locations. Similarly, as we all understand we have a huge talented human resources pool which can be utilised by setting up good number of establishments in all sectors.
During the next one year, we need to concentrate on bringing Business delegations from US and also take business delegations from our states to the US by arranging sectorial Business meetings. It is equally important to collaborate with trade bodies like Assocham, CII, FICCI and others.
While carrying forward the legacy left behind by my predecessors, I would certainly try to create a platform for Ease of Doing Business through IACC, AP &TS chapter.
Wish you all the best.
With Best Regards
|Chairman||Mr. Srikanth Badiga |
Phoenix Infratech(India) Pvt. Ltd.
|Mr. Vijayasai Meka |
S & S Green Projects Pvt. Ltd.
|Members||Mr. Vasudeva Rao Devaki |
D V Rao & Associates
|Mr. Merla Muralidhar |
Kakinada Seaports Limited
|Mr. CH. Rajagopal Choudary |
Devi Fisheries Ltd.
|Mr. J. Ravikanth Reddy |
Founder & CEO
Pquest Human Resources Pvt. Ltd.
|Mr. Y Sairam Managing |
Gamya Infrastructure Services Pvt. Ltd
|Mr. Ramakrishna Dasari |
Efftronics Systems Pvt.Ltd.
|Mr. VVSN Raju |
Juris Prime Law Services
|Mr. Ramkumar Rudrabhatla |
P&P Nexgen Tech Pvt. Ltd.
|Mr. B. Prabhakar Rao |
Quality Data Mill Private Limited.
|Mr. Pattabi Rama Rao |
|Immediate Past Chairman|
|Mr. Chandrajit Narra |
HiQ Business Solutions Pvt. Ltd.
|Ms. Shikha Sabharwal |
Indo American Chamber of Commerce – AP&TS Branch