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.
Key Summary
- Ministry / Authority
- Infrastructure and Investment (Ports) Department, Government of Andhra Pradesh
- Incentive Type
- Composite state package (capital/SGST/employment subsidy + exemptions + early bird boosters + sustainable energy incentives)
- Incentive Rate
- Capital subsidy 12%–15% of FCI (up to 30%–40% for Early Bird); Net SGST reimbursement 100% (5 yrs); Employment subsidy 8%–10% of FCI; PLI Top-up 10%; Stamp duty reimbursement 100%; Electricity duty exemption 100% (10 yrs for Shipyards); Power tariff subsidy INR 1.0/kWh (10 yrs for Solar/Wind)
- Min. Investment
- ₹51 Cr
- Application Deadline
- Open
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