The
proposed National Manufacturing and Investment Zones (NMIZ) would catalyse the
manufacturing sector growth in the state. The zones offer a ‘business-friendly’
ecosystem with flexible labour laws and quality infrastructure tuned to
encourage co-location and networking of industrial units, said AP industries
minister Kanna Lakshminarayana.
Inaugurating a CII
conference on ‘Andhra Pradesh as an emerging growth engine — the way forward’
here on Wednesday, the minister said the secondary sector growth was necessary
to absorb the migration of people from agriculture.
He said
the state provided the ideal investment climate for industries in the form of
low power tariff, 100 per cent reimbursement of stamp duty and a special
incentives package for investments above Rs 250 crore. He cited the JN Pharma
City, Brandix, Genome Valley and Apache as success stories of the
public-private partnership model.
Source: BS 19/8/10
