Post reforms, AP receives 6,689 investment proposals

In the post reforms period, after the introduction of Industrial Policy in August 1991, Andhra Pradesh has received 6,689 investment proposals envisaging an aggregate investment of Rs 4,37,925 crore and employment to 11,13,817 persons.

Of these, 2,931 proposals have gone into production involving an investment of Rs 54,786 crore and providing employment to 4,37,344 persons, according to the socio economic survey 2009-10 report tabled by the state government in the Legislative Assembly on Saturday.

From 1991 August to 2009 September, the report stated, 104 mega projects (of over Rs 100 crore) with an investment of Rs 44,768 crore have gone into production, while 81 mega projects involving an investment of Rs 76,106 crore are under advanced stage of implementation. This apart, 177 mega projects with an investment of Rs 1,83,611 crore were in initial stages of implementation.

On the whole, 1,742 investment proposals, which envisaged and investment of Rs 96,788 crore, were dropped and 1,486 proposals with an investment of 2,00,648 crore were under initial stages of implementation

The state had also received foreign direct investment (FDI) to the tune of Rs 16,179 crore as equity in various projects between January 2005 and September 2009. The FDI inflows, which stood at Rs 723.28 crore in 2005, increased to Rs 6,203 crore in 2008. In the nine-month period ending September 2009, the state received FDI of Rs 3,550.56 crore.