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Andhra Pradesh announce budget for 2010-11

Tuesday, 23 Feb 2010
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K Rosaiah, Chief Minister of Andhra Pradesh on 20 February 2010 presented a tax-free budget for financial year 2010-11 with an outlay of Rs 1,13,675 crore and a projected expenditure of Rs 1,13,660 crore.

The budget comprises of the following:

  • The state government is likely to announce a new industrial policy to attract industrial investments shortly.
     
  • The state government had received proposals for establishment of 353 new large industries with an overall investment of Rs 81,092 crore.
  • Andhra Pradesh Power Generation Corporation has been given the approval to take up massive capacity addition of 17,558 MW to meet future power requirements. The state has formed Visakhapatnam-Kakinada Petroleum, Chemical and Petrochemical Investment Region Special Development Authority for planned growth of the area.
     
  • The Union Government has given approvals to 103 SEZs in Andhra Pradesh. Out of these, 73 SEZs are notified, 40 SEZs have already become operational and. As a part of state's initiative of developing IT in tier-2 cities, APIIC is developing IT/ITeS SEZs at Visakhapatnam, Vijayawada, Kakinada, Tirupati, Kadapa, Warangal and also Ranga Reddy districts.
     
  • A project for construction of the second bridge across river Godavari near Rajahmundry including approaches and connecting road has also been taken up under PPP mode at an estimated cost of Rs 808.00 crore. Three more roads with a length of 520 km are proposed to be taken up for widening to four lanes under PPP mode with an estimated cost of Rs 3,083 crore duly availing Viability Gap Funding from the government.
     
  • Also, 'Andhra Pradesh Municipal Development Project' is being launched with an objective to improve the civic infrastructure, particularly roads, drainage and water supply in the urban areas at a cost of Rs 1,670 crore with World Bank loan.

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