APIIC Full Form is Andhra Pradesh Industrial Infrastructure Corporation
APIIC stands for Andhra Pradesh Industrial Infrastructure Corporation. The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) is a state-owned organization established in 1973 with the objective of providing infrastructure facilities and promoting industrial growth in Andhra Pradesh, India. APIIC is responsible for developing industrial estates, special economic zones (SEZs), technology parks, and other infrastructure facilities necessary for the establishment and growth of industries in the state.
APIIC plays a crucial role in the development of Andhra Pradesh’s industrial sector, which is one of the key contributors to the state’s economy. It has been instrumental in attracting several domestic and international companies to set up their operations in the state, creating job opportunities for thousands of people.
The APIIC has a wide range of functions, which includes the acquisition of land for industrial development, development of infrastructure facilities such as roads, power supply, water supply, drainage, and other necessary amenities for industrial estates. The organization also provides services such as project development, project management, marketing of industrial estates, and providing consultancy services to the industries.
One of the major initiatives of APIIC is the development of Special Economic Zones (SEZs). The SEZs are designated areas that offer several benefits to the industries such as tax exemptions, duty-free imports, and exports, and other incentives. The APIIC has developed several SEZs in the state, including Visakhapatnam SEZ, Nellore SEZ, and Krishnapatnam SEZ, among others. These SEZs have attracted several multinational corporations to set up their operations in the state.
APIIC has also established several industrial estates across the state, providing necessary infrastructure facilities to the industries. These industrial estates have become the hub of industrial activities, providing a conducive environment for the growth of industries. The APIIC has established industrial estates in several cities such as Hyderabad, Visakhapatnam, Guntur, Vijayawada, and Kakinada, among others.
Apart from the development of industrial infrastructure, the APIIC also provides several other services to the industries. These services include project development, project management, marketing of industrial estates, and providing consultancy services to the industries. The APIIC also provides training to the employees of the industries to enhance their skills and productivity.
The APIIC has also implemented several policies and initiatives to promote the growth of the industries in the state. One of the major initiatives is the establishment of the single-window clearance system, which provides a single platform for industries to obtain necessary clearances and approvals. This system has simplified the process of setting up and operating industries in the state, making it more attractive for industries to invest in Andhra Pradesh.
The APIIC has also implemented the land bank policy, which involves the acquisition of land for industrial development. Under this policy, the APIIC has acquired thousands of acres of land across the state for the establishment of industries. The land bank policy has provided a ready-to-use land bank for the industries, reducing the time and cost required for land acquisition.
In recent years, the APIIC has focused on the development of technology parks to promote the growth of the IT and ITES sectors. The organization has established several technology parks across the state, providing necessary infrastructure facilities such as high-speed internet connectivity, power backup, and other amenities required for the growth of the IT industry.
In conclusion, the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) plays a crucial role in the development of industrial infrastructure and promoting industrial growth in the state of Andhra Pradesh. The organization has been instrumental in attracting several domestic and international companies to set up their operations in the state, creating job opportunities for thousands of people. The APIIC’s initiatives such as the development of SEZs, industrial estates, and technology parks, and the implementation of policies such as the single-window clearance system and land bank policy have made Andhra Pradesh great.