Andhra Pradesh Unveils 6 Policies to Create 20 Lakh Job

Andhra Pradesh Unveils Six Landmark Policies to Propel Industrial Growth and Job Creation

Chief Minister N Chandrababu Naidu announced the approval of six landmark policies to create 20 lakh jobs and boost the state’s economic landscape. These policies are designed to attract investment, foster entrepreneurship, and position Andhra Pradesh as a leader in clean energy.

Today, the Cabinet approved six landmark policies that will transform Andhra Pradesh into an industrial powerhouse, marking a signifcant step towards fulfilling our 20 lakhs jobs creation promise. These policies align with our vision to attract investment, create jobs, boost… pic.twitter.com/fCrjJK2b4Q

— N Chandrababu Naidu (@ncbn) October 16, 2024

The six policies, collectively known as the “AP 4.0 Policies,” include:

1. AP Industrial Development Policy 4.0 (AP IDP 4.0): Focuses on enhancing industrial infrastructure and attracting large-scale investments.
2. AP MSME & Entrepreneur Development Policy 4.0 (AP MEDP 4.0): Aims to support micro, small, and medium enterprises and foster entrepreneurial growth.
3. AP Food Processing Policy 4.0 (AP FPP 4.0): Targets the development of the food processing sector to add value to agricultural produce.
4. AP Electronics Policy 4.0 (AP EP 4.0): Seeks to boost the electronics manufacturing industry in the state.
5. AP Private Parks Policy 4.0 (AP PPP 4.0): Encourages the establishment of private industrial parks to facilitate business operations.
6. AP Integrated Clean Energy Policy 4.0 (AP ICE 4.0): Promotes using clean and renewable energy sources to ensure sustainable development.

Chief Minister Naidu emphasized the government’s commitment to employment generation and youth empowerment, stating, “Today, the Cabinet approved six landmark policies that will transform Andhra Pradesh into an industrial powerhouse, marking a significant step towards fulfilling our 20 lakhs jobs creation promise. These policies align with our vision to attract investment, create jobs, boost entrepreneurship, and lead in clean energy. Our major focus is employment generation and empowering the youth of AP to think globally and act globally, with initiatives like One Family, One Entrepreneur.”

These policies are expected to create a conducive environment for businesses, stimulate economic growth, and position Andhra Pradesh as a hub for innovation and sustainable development.