Andhra Pradesh is situated on the south-eastern coast of the country. The state is the seventh largest state in India by area. As per Census of India, the state is tenth largest by population. Andhra Pradesh was ranked eighth among other Indian states in terms of contributor to India’s GDP
On 2 June 2014, the north-western portion of the state was bifurcated to form a new state of Telangana. Andhra Pradesh’s longtime capital, Hyderabad, was transferred to Telangana as part of the division. However, in accordance with the Andhra Pradesh Reorganisation Act, 2014, Hyderabad will remain the de jure capital of both Andhra Pradesh and Telangana states for a period of time not exceeding 10 years. The new riverfront proposed capital in Guntur district is Amaravati, which is under the jurisdiction of APCRDA. The Gross State Domestic Product (GSDP) of the state in the 2016–2017 financial year at current prices stood at ₹6,800.3 billion (US$110 billion).
The state has a coastline of 974 km (605 mi) with jurisdiction over nearly 15,000 km2 territorial waters, the second longest among all the states of India after Gujarat. Andhra Pradesh is composed of two regions: Coastal Andhra, located along the Bay of Bengal, and Rayalaseema, in the inland south-western part of the state. These two regions comprise 13 districts, with 9 in Coastal Andhra and 4 in Rayalaseema. Visakhapatnam, located on the Bay of Bengal in North Coastal Andhra is the largest city and commercial hub of the state with a GDP of $26 billion, followed in population and GDP by Vijayawada, which is located on the Krishna River and which has a GDP of $3 billion as of 2010.
The state comprises of well qualified, skilled, disciplined, productivity-oriented and English-speaking workforce. The standard of education and educational institutions is highly rated in the country. Average wages are also lower than similar workforce in the developed countries.
Andhra Pradesh hosted average 121.8 million visitors, a 30% growth in tourist arrivals year by year. The Tirumala Venkateswara Temple in Tirupati is one of the world’s most visited religious sites, with 18.25 million visitors per year. Other pilgrimage centers in Andhra Pradesh include the Mahachaitya at Amaravathi, and the Kanaka Durga Temple in Vijayawada, while the state’s natural attractions include the beaches of Visakhapatnam, hill stations such as the Araku Valley and Horsley Hills, and the island of Konaseema in the Godavari River delta.
Andhra Pradesh was ranked eighth among other Indian states in terms of GSDP for the financial year 2014–2015. The GSDP at current prices was 5200.3 billion and at constant prices was 2645.21 billion. The domestic product of agriculture sector accounts for ₹545.99 billion (US$8.5 billion) and Industrial sector for ₹507.45 billion (US$7.9 billion). The service sector of the state accounts more percentage of the GSDP with a total of ₹1,305.87 billion (US$20 billion). In the 2016 list by Forbes magazine, there were several from Andhra Pradesh among the top 100 richest Indians.
Telangana located in southern India. Formed on 2 June 2014 as the youngest state in India, from the northwestern part of the Joint State of Andhra Pradesh, Telangana has an area of 112,077 square kilometres (43,273 sq mi), and a population of 35,193,978 (2011 census). It is the twelfth largest state in India, and the twelfth most populated state in India. Its major cities include Hyderabad, Warangal, Nizamabad and Khammam.
It consists of the ten north-western districts of Andhra Pradesh with Hyderabad as its capital. It is the twelfth largest state in India by area. Most of it was part of the princely state of Hyderabad (Medak and Warangal Divisions), which was ruled by the Nizams during the British Raj until 1947, and later until 1948, when it joined the Union of India. In 1956, Hyderabad state was dissolved and Andhra State was merged with the Telangana region of the state of Hyderabad to form the state of Andhra Pradesh. The city of Hyderabad will continue to serve as the joint capital for Andhra Pradesh and the successor state of Telengana for a period of ten years. Hyderabad, Warangal, Karimnagar and Nizamabad are the major cities in the state.
The commonly spoken languages are Telugu, Hindi, Urdu and English.
The Economy of Telangana is mainly driven by agriculture. Two important rivers of India, the Godavari and Krishna, flow through the state, providing irrigation. Farmers in Telangana mainly depend on rain-fed water sources for irrigation. Rice is the major food crop. Other important crops are cotton, sugar cane, mango and tobacco. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects and Nagarjuna Sagar Dam, the world’s highest masonry dam.
The state has also started to focus on the fields of information technology and biotechnology. Telangana is one of top IT exporting states of India. There are 68 Special Economic Zones in the state.
Telangana is a mineral-rich state, with coal reserves at Singareni Collieries Company.
Top 5 Industries(Sectors): Information Technology, Pharmaceuticals, Biotechnology, Manufacturing & Aviation/Defense
Top 5 MNCs: Microsoft, Bayer Crop Sciences, AMD, Mylan Laboratories, Monsanto Seeds, Nvidia, International Paper
Top 5 domestic companies: Cyient Ltd, D.Reddy’s Laboratories, Aurobindo Pharma, Mahindra, Nagarjuna Fertilizers & Chemicals Limited
Potential Inward Investments: IT, ITeS, Power, Food Processing, Irrigation, Infrastructure, Automobiles, Medical Devices & Equipment, Life Sciences, Defence, Healthcare, Renewable Energy, Textiles, Education
Potential Outward Investments: Agriculture, Mining, Infrastructure, Pharmaceuticals & Bulk Drugs
Dear Members,
While acknowledging the efforts made by my predecessors over the past so many years, I take it as pride to Chair the IACC Branch of AP & TG. I am honored to accept this new role. I am excited and grateful for this opportunity, and I look forward to working with all of you.
The past Chairmen / Presidents at branch level, regional level and at National level have already set standards of functioning and leading IACC.
I understand the responsibilities that come with this position, and I assure you that I am committed to giving my best efforts. My goal is to contribute to the growth and success of IACC.
I would take the legacy forward with more emphasis on few sectors, namely manufacturing, encouraging young entrepreneurship of both genders and the one close to my heart to connect under privileged students with UN organizations through US consulate.
Indo-US bilateral relations are becoming more and more cordial and observed world over. Both our countries can take maximum advantage by showcasing respective strengths. We can exchange delegations of potential sectors, to name a few, aero-space, defense, manufacturing and AI.
In my term also, I would go by the delegation of sector wise responsibilities to BC members. I would appreciate if all can come forward with your relevant sectors and take the responsibilities of chairing the same.
I am confident that each branch committee member will contribute with their invaluable support, guidance and encouragement for better programs and growth of IACC.
Look forward to closely working with all of you for growth of IACC.
Thank you,
Warm Regards,
Mr. Avinash Babu. Chukkapalli
Chairman
Indo-American Chamber of Commerce
Andhra Pradesh & Telangana State
Chairman | Mr. Avinash Babu. Chukkapalli | Director, Phoenix Infocity Private Limited |
1st Vice Chairperson | Ms. Devireddy Sreedevi | Head -Branding, Marketing & Partnership, ASIP Technologies |
2nd Vice Chairman | Mr. B. Prabhakara Rao | Managing Director, Quality Data Mill Private Limited |
Members | Mr. Shankar Kuna | COO, ACE Urban Infocity Limited |
Mr. Srinivas Banda | Managing Director, IDC Projects Private Limited | |
Mr. CH. Rajagopal Choudary | Chairman, Devi Fisheries Ltd. | |
Mr. M.V. Narayana Rao | Proprietor, Sree Krishna Enterprises | |
Mr. M. Muralidhar | COO, Kakinada Seaports Limited | |
Ms. M. Radhika Nath | Managing Director, Sri Sai Security and Surveillance Services Pvt Ltd | |
Mr. Vedavyas Raghava Raju | Partner, RPSV & CO |