'Amaravati' has been chosen as the name of the new capital in Andhra Pradesh. AP Cabinet has passed a resolution in this regard on Wednesday. Some of the key decisions including approval of New Industrial Policy were taken in Today's Cabinet Meeting which lasted for about 4-and-a-half Hours. AP CM Chandrababu Naidu will address the media at 7 PM this evening to share the details of new decisions & developments during his Singapore tour. Highlights of New Industrial Policy: Single Window Clearance 10 Lakh Acres of Land Bank Incentives for Agriculture and Biotechnology Lease Period of SEZs - 99 Years Special Incentives for Companies investing over Rs 100 crore Reimbursement of VAT & GSP for a period of 5 Years if cooperated with Swachh Bharat & Green AP Campaigns Special Incentives for SC, ST & BC Women Entrepreneurs
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