The Andhra Pradesh Special Economic Zone (APSEZ) is a multi-product Special Economic Zone located in the Atchutapuram and Rambilli mandals of Visakhapatnam district, in the Indian state of Andhra Pradesh. It is one of the largest Special Economic Zones in the state and is administered by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC). The SEZ was formally notified on 12 April 2007 and developed as part of the state's industrial promotion policies.[1]
The APSEZ covers approximately 3,213 acres (1,300 hectares) and was conceived as part of the Visakhapatnam–Kakinada Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), which aims to attract export-oriented industries clusters and boost regional development.[2] It accommodates a range of sectors including manufacturing, pharmaceuticals, engineering, logistics, and petrochemicals.[1]
Infrastructure and facilities
The SEZ is located close to the eastern coastline and is accessible to both Visakhapatnam Port and Gangavaram Port, facilitating industrial logistics and trade.[3]
Power is supplied through a dedicated 33 kV substation, while water is sourced from the Yeluru canal, Sarada River, and Kondakarla Ava reservoir.[4] The land within the SEZ is flat and largely non-agricultural, which allows for industrial development with minimal displacement.[4]
Administration and development
APSEZ is developed and managed by APIIC, which also handles land allotments, internal infrastructure, and investor facilitation through a single-window clearance mechanism.[5] The SEZ was established under India's Special Economic Zones Act, 2005, and is supported by both central and state government schemes.
Incentives
Industries operating within the zone benefit from various state and central incentives, including:
100% exemption from stamp duty and registration fees
Reimbursement of VAT/CST on inputs used in production for exports
Investment subsidy of 15% on fixed capital for eligible micro and small enterprises
3% interest subsidy on term loans
Subsidy on power consumption and fixed capital investment[6]
Related SEZ Ecosystem
APSEZ is among several Special Economic Zones in the region administered by the Visakhapatnam Special Economic Zone authority, which supervises SEZs in Andhra Pradesh, Telangana, Chhattisgarh, and the Union Territory of Yanam.[7] As of 2023, Andhra Pradesh has over 47 notified SEZs, with 10 of them developed by APIIC.[5]
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