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AP Industrial Policy should be conceptualized along with entrepreneurs.

Andhra Pradesh New Industrial Policy needs to be developed, from concept to commissioning, by taking entrepreneurs on board, it is said.

In a review meeting on structuring the state’s new industrial policy, “Formulate the new industrial policy in such a way that it should hand hold the entrepreneurs from conceptualization to commissioning to marketing their products,” the statement added.

The state chief minister, in the meeting, asked officials to put the impetus on the marketing of products and procuring necessary international linkages. “Micro Small and Medium Enterprises (MSME) has to face tough competition in the world, and they can march ahead if they have only tie-ups with international companies and agencies,” he noted, adding that official machinery should assist entrepreneurs.

Further, he tasked officials to confirm that the new policy meets the demands of entrepreneurs, and in particular, the MSME policy should advise, assist and support startups at every stage.

To cater to startups' needs and set up the industries department office, he directed officials to build a unique facility spanning an area of 3 lakh sq ft amid the port city of Visakhapatnam.

Besides prioritizing startups, the state CM also suggested paying necessary attention to meet the basic infrastructural needs of port-based industries.

Meanwhile, Andhra Pradesh has over 48,000 acres of industrial land banks, 530 industrial estates, 293 industrial parks, 31 MSME parks, six special economic zones, three information technology SEZs, and three of the 11 industrial corridors, said the state Industries and Commerce Minister.

 He was addressing an investor roadshow ahead of the global investor summit slated for March 3-4 in Visakhapatnam, reported PTI. He added that the state has a diversified portfolio of industries such as automobiles, chemicals, aerospace, defense, pharma, textiles, etc., and world-class infrastructure in seaports, roads, startups, and tourism.