Andhra Pradesh is strategically located on the Southeast coast of India and is a natural gateway to East & Southeast Asia. The state has a population of 4.93 crores (as per population census - 2011), accounting for 4% of country’s population, residing in 4.9% of country’s geographical
area. Andhra Pradesh has abundant natural resources (barytes, limestone, bauxite, and a number of minor m inerals), fertile land and river basins, water resources, extensive canal system and conducive agroclimatic conditions. The State has the second longest coastline in India
and is also one of the largest producers of marine products.At current prices, the Gross State Domestic Product (GSDP) of Andhra Pradesh was ? 4,75,859 crores in 2013-14. Between 2004-05 and 2012-13, the average annual GSDP growth rate of Andhra Pradesh was 7.25% while the average per capita income at (current prices) increased from ?46,345 in 2008 -09 to ?88,876 in 2013-14.
Andhra Pradesh, over the years, has established a strong presence in agro and food processing, textiles, chemicals & petrochemicals, pharmaceuticals, metallurgy, electronics and electrical engineering sectors.
Investments by 2020
Government of Andhra Pradesh (GoAP) aims to promote and develop a robust textile industry that provides sustainable employment to weavers and posits Andhra Pradesh as a destination of choice to global textile majors. The policy aims to modernize textile manufacturing and improve productivity in order to ensure the availability of quality fabric at affordable prices to cater to domestic and international demand.
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