Business and Economy

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The state of Andhra Pradesh (AP) is located in the Southern peninsula of India. It has a coastline of 972 km.

 The state is bound by Chhattisgarh on the north, Odisha on the northeast, Telangana and Karnataka on the west, Tamil Nadu on the south, and the Bay of Bengal on the east.

At current prices, AP’s Gross State Domestic Product (GSDP) was estimated at US$ 77.2 billion over 2012-13.

The average annual GSDP growth rate was 15.2 per cent in between 2004-05 and 2012-13 .

According to reports of July 2014, the AP state has 17 operational SEZs in the state across diversified sectors which include textiles and apparel, food processing, footwear and leather products, multi-product, pharma, IT SEZs etc.

The state has a total installed power generation capacity of nearly 9,555MW and it is the first state in the country to have enacted the Industrial Single Window Clearance.

The state has nine hydro power projects under operation and one under development. The state also has three thermal power projects under operation, two projects under development and two projects under construction.

The Andhra Pradesh state also has separate acts for development in sectors such as solar power, electronic hardware and food processing.

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