|ANDHARA PRADESH INDUSTRIAL DEVELOPMENT CORPORATION - A PROFILE|
Andhra Pradesh Industrial Development Corporation (APIDC) was set up by the Government of Andhra Pradesh in 1960 for the planned development of medium and large scale industries in the State. The following are the objectives and activities of the Corporation.Objectives
During the year 1998-99 as many as 22 new projects
were promoted with a capital investment of Rs. 16797.42 lakhs providing
job opportunities to 2019 persons. During the last 5 years the projects
promoted were as follows :
As a result of the planned Industrial Development
of the State taken up by the Corporation there is no "No industry district"
in the State. The District-wise dispersal of industry is as follows:
APIDC promoted a wide spectrum of projects,
covering various industrial sectors. The summary is as below
Natural Resources Utilisations APIDC is giving utmost priority to industrial units utilizing natural resources of the State as well as those industries that would create wealth out of agricultural residues and wastes. Nearly 200 units utilise the natural resources and the commercial crop potential of the State. They include paper, jute, textiles, solvent oils, cement etc.
Authorised and paid up capital : The Authorised Capital of the Corporation is Rs. 110.00 crores and the paid Up Capital is Rs. 96.23 crores as on 31st March 1999. The Govt. of A.P. is holiding equity of Rs. 95.19 Crores and Govt. of India Rs. 1.04 crores.
Performance as on March 1999 : APIDC promoted 775 medium and large scale industries all over Andhra pradesh upto 31.03.1999 generating a total investment of Rs. 5654.87 crores and created employment potential for 1.41 lakhs people in the fields of Petro-Chemicals, Pharmaceuticals, Agro, Food and Forest based industries, Textiles, Electronic, Electrical, Metallurgical and Mineral based industries, Super speciality health care Hospitals, Hotels etc. The Corporation promoted 193 units in Coastal Andhra, 88 units in Rayalaseema, 494 units in Telengana. The Corporation promoted 470 units in backward areas and 305 units in other areas in AP where in the Corporation sanctioned Rs. 141.13 and Rs. 331.20 crores towards equity and term loan and disbursed Rs. 132.66 and 274.40 crores respectively upto 31st March 1999.
Sanctions and disbursements of equity and term loan : The Corporation sanctioned an equity amount of Rs. 4.50 crores and term loan of Rs. 20.65 crores under IDBI Refinance Scheme and disbursed amount of Rs. 7.15 and Rs. 10.24 crores respectively. The following are the details for the last 5 years :
Sanctions and Disbursments of investment (Rs.
Sanctions and Disbursment of term loan (Rs. In Crore)
Recovery of Dues
The Corporation recovered dues to the extent of Rs. 30.01 crores during the financial year 1998-99 of which Rs. 14.85 crores was towards principal and Rs. 15.16 crores towards interest. The following table presents the details of demand, recovery principal/interest during the last 5 years.
Demand and recovery position of term loans & other loans
(Rs. in crores)
The Corporation started financial services activities in 1995 particularly bill discounting and rediscounting and made a turnover of Rs. 45.81 crores and earned Rs. 3.32 crores in 1998-99. The following gives the details of Bill Discounting during the last four years.
(Rs. in crores)
Seed capital scheme
APIDC encouraged technocrat-entrepreneurs to
set up projects by providing Seed Capital under Seed Capital Assistance
provided by IDBI. An amount of Rs. 10.88 crores was extended to 108 units
under the scheme.
The Corporation is rotating the funds by disinvestment of shares. During the year 1998-99, the Corporation realised an amount of Rs. 10.20 crores by way of disinvestment. Disinvestment during the last 5 years is as follows:
Performance of disinvestment of share capital
The Financial Products
The following are the brief details of the
schemes of financial assistance/services offered.
In the 5 years, APIDC earned operating profits
Focussed promotional activity
Keeping in line with the vision 2020 announced by the Govt.of Andhra Pradesh, APIDC has started re-engineering its strategy to scale newer heights in the industrial activity of the State. The new equity policy of the Corporation proposes to give impetus to Industrial Development through its special focus on the following thrust areas.
1. Entire APIDC Entrepreneurs Nucleus
and Total Investment Requirement Eden (ENTIRE) is a one stop-shop for all
the propective entrepreneurs from initial documentation to final establishment
and commissioning. It provides the following fee based services which can
be availed depending on the entrepreneurs specific needs :-
3. HITVEL The Corporation floated a separate company under the name HITVEL (Hyderabad Information Technology Venture Enterprises Ltd.) in association with APIIC and SIDBI to provide venture capital to IT/Software projects in the state with an initial fund of Rs. 15.00 crores (APIDC Rs. 5.00 crores, APIIC Rs. 2.5 crore SIDBI Rs. 7.5 crores.) The Company is readying to start operations shortly.
Computerisation programme The Corporation has been taken up the computerisation of all activities, and plans to complete the software development and the installation of the required hardware by the end of 1999.
System of working
The Chief Executive Officer of the Corporation is the Vice-Chairman and Managing Director. He is the fountain head of the policies, and their implementation.