The Government of Andhra Pradesh on March 19, 2023, notified Andhra Pradesh Industrial Development Policy (APIDP) 2020-2023 which is applicable across sectors including Textiles.
This policy shall be in force for a period of four years, starting from April 01, 2023, till March 31, 2027. The Incentives mentioned in the policy will be extended to Industries as per the Operational guidelines to be notified separately, with the following conditions
•The total incentives for any company will be restricted to 100% of the Eligible Fixed Cost of Investment (EFCI) (excluding land Cost) and limited to 20% in each of the five years.
•Only those brownfield projects where the Eligible Fixed Capital Investment (EFCI) and capacity of expansion are greater than 50% will be eligible for incentives.
The detailed policy document is mentioned in the document attached.
[Notification No.22]
