Andhra Pradesh Industrial Infrastructure Corporation Ltd. (APIIC) was incorporated on 26th September, 1973 with Authorised Capital of Rs.20.00 crores and paid up capital of Rs.16.33 crores. APIIC is a wholly owned Undertaking of Government of Andhra Pradesh.
AP is one of the 28 states of India, situated on the country’s southeastern coast. The state is the eighth largest state in India covering an area of 160,205 km2(61,855 sq mi). As per 2011 census of India, the state is tenth largest by population with 49,386,799 inhabitants. The new capital city of Andhra pradesh is proposed in Guntur District, north of Guntur City and will be developed under Capital Region Development Authority. 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 state has the second longest coastline of 972 km (604 mi) among all the states of India, second only to Gujarat. It borders Telangana in the northwest, Chhattisgarh in the North,Odisha in the northeast, Karnataka in the west, Tamil Nadu in the south and the water body of Bay of Bengal in the east. A small enclave of 30 km2 (12 sq mi) of Yanam, a district of Pondicherry, lies south of Kakinada in the Godavari delta to the northeast of the state. There are two regions in the state namely Coastal Andhra and Rayalaseema. There are 26 districts with 9 in Coastal Andhra and 4 in Rayalaseema. Guntur, Nellore, Kurnool, Kadapa, Tirupati, Rajahmundry , Kakinada , Ongole and Eluru are other important cities. Vishakapatnam is the largest city and a commercial hub of the state with a GDP of $26 billion followed by Vijayawada with a GDP of $36 billion.
Andhra Pradesh has a very diverse geography which leads to a very diverse economy. As many as 9 of the 26 districts have sea coast along the Bay of Bengal, which has created manufacturing and export centric industry. The fertile river plans in the delta regions of major peninsular rivers of Godavari and Krishna are rich with agriculture-based industries and the mineral deposits found in the districts of Rayalaseema, Eastern Gats and neighboring states has led to large-scale ore exports.
The gross state domestic product (GSDP) of Andhra Pradesh was 2359.3 billion (US$37 billion) in 2012–13. The domestic product of agriculture sector accounts for 545.99 billion (US$8.6 billion) and Industrial sector for 507.45 billion (US$8.0 billion). The service sector of the state accounts more percentage of the GSDP with a total of 1305.87 billion (US$21 billion).
Visakhapatnam has emerged as a major industrial center and has major public and private sector establishments producing large scale industrial goods ranging from steel, metals, petroleum, polymers, fertilizers, heavy engineering equipment and also facilitates ship building, ports and fishing. Kakinada has multiple fertilizer refineries and produces large scale of natural gas from the offshore of KG basin. Kakinada also exports seafood and related products and produces agricultural products like rice and corn, edible oils, oilmeals, processed food products, chemicals, biofuel etc. Vijayawada is famous for processing of agricultural products, automobile body building, hardware, textile, consumer goods and small scale industries. Andhra Pradesh has one major port at Visakhapatnam and several medium-sized ports like Gangavaram, Kakinada & Krishnapatnam; which account to large export of cargo traffic. They are several large power plants and major ones are established at Visakhapatnam, Vijayawada, Kakinada, Krishnapatnam and Cuddapah.