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Home > City Resources > Industrial > APIDC

APIDC - THE CATALYST FOR INDUSTRIAL GROWTH
LogoAndhra Pradesh Industrial Development Corporation Limited (APIDC) was established on 16 December, 1960, by the Government of Andhra Pradesh for planned development of medium and large industries in the State. Since its inception, APIDC, catalysed a total industrial investment of about Rs. 5000 crores in 786 industrial units and created direct employment opportunities for 1.40 lakh persons.

Identifying and promotion of entrepreneurial talent, conceptualizing and exploitation of resources for comprehensive industrial development of the State are the main objectives of the organisation. Apart from taking part in the promotion, generation and implementation of new project ideas, guidance and comprehensive escort service to the entrepreneurs, APIDC also functions as an extended arm of government and Banking Institutions. It takes up financial activities like participation in equity capital, providing term loans, bill discounting, guarantees, merchant banking, venture capital fund for IT industry.

Catalyst in planned developmentWith the authorised capital of Rs. 110 crores and paid up capital of Rs. 96.23 crores, APIDC has created a strong local entrepreneurial base by extending guidance and a helping hand to first generation entrepreneurs. On the other hand the organisation played a key role in planned industrial development of the Sate by promoting a number of projects based on the rich natural resources of the State like Agro, Mineral, Marine, Forest, Livestock.

Industrialisation efforts of APIDC has resulted in the State receiving crores of rupees in the form of various taxes and duties. Thanks to APIDC, organisations which had humble beginnings like Nagarjuna Group, NCL, Novopan, to name a few, are today corporate bodies of international repute.

Utilising the natural resources & talentThe New Equity Policy of the Corporation proposes to give a special impetus to industrial development. The corporation has identified the following for special focus areas for investment. They are Food&Agro Processing except traditional industries, Petroleum&Petro-chemicals, Chemicals & Fertilizers, Engineering & Automotive, Mineral Based industries, Information Technology, 100% Export Oriented Units, Biotechnology, Renewable Sources of Energy, Energy saving devices and appliances, Energy Efficient and Waste Reduction Technologies, Pollution control equipment and devices, Waste Utilisation and Recycling.

Enriching the society through sustained industrial growth is the mission for the organisation.
Address: Andhra Pradesh Industrial Development Corporation Limited, Parisrama Bhavan, 5-9-58/B, Fateh Maidan Road, Post Box No. 1049, Hyderabad - 500 004. A.P. (INDIA). Phones: +91-40-323 5253/54/55/56. Fax: +91-40-323 5516, 323 6756

E-mail: apidc@ap.gov.in

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