Andhra Pradesh Maritime Policy 2024
The Andhra Pradesh Maritime Policy 2024 provides a comprehensive framework to develop the state's ports, shipyards, and port proximal areas. Key incentives include capital subsidies up to 15% of FCI (up to 40% for early bird projects), 100% net SGST reimbursement for 5 years, complete stamp duty and land conversion fee waivers, and specialized power tariff concessions. The policy is implemented by the Andhra Pradesh Maritime Board to establish the state as India's premier maritime gateway.
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