Andhra Pradesh Industrial Development Corporation Limited

Andhra Pradesh Industrial Development Corporation Limited was established on 16th December 1960, by the Government of Andhra Pradesh for planned development of medium and large scale industries in the state. Today, it has an authorized capital of Rs. 110 Crores and paid up capital of Rs. 96.23 Crores.

Mission

Enriching society through sustained industrial growth.

Objectives

Identify and promote entrepreneurial talent for comprehensive industrial development. Conceptualize exploitation of resources for industrialization. Ensure economic, financial and social viability of the promoted projects. Earn a reasonable rate of return. Function as an extended arm of Government/National Development Banking Institutions.

Activities

Project promotion - Generation and Implementation of New Project Ideas. Equity Participation. Extending Project Finance. Working Capital Facilities : 1. Bills Discounting 2. Medium / Short Term Loans Venture Capital Fund for IT and Bio-technology industries. ENTIRE (Entrepreneurs Nucleus and Total Investment Requirement Eden) : 1. Escort Services 2. Consultancy 3. Implementation of Project