Plan your Business Strategy in Andhra Pradesh

Andhra Pradesh is the “rice bowl” and the fourth largest state by area in India. Agriculture is the chief source of the state’s economy as well as employment. Apart from this, focus on Information Technology and biotechnology has also been done by the Government. With this period during 2004-05 had seen Rs.82,700 million IT export from Andhra Pradesh that reached Rs.190,000 million in 2006–2007. With this the annual growth rate in IT sector is 52.3%.

After this, service sector is also on spreading out spree making Hyderabad a hub for both information technology as well as service sector. Service sector now has 43% share in the total Gross State Domestic Product (GSDP) and given employment to 20% people alone in Hyderabad. This is the city where all the major IT companies like HCL, Genpact, Deloitte, IBM etc are located and playing huge role in the economy of the state.

Pharmaceutical and drug manufacturing is another sector that is burgeoning along with above mentioned fields. Almost 50% of the top pharmaceutical companies in India operate from Andhra Pradesh. Dr Reddy’s Laboratories Ltd, Aurobindo Pharma Ltd, Matrix Laboratories Limited, Granules India Ltd are few to name.

Not only this but nature has also blessed the state with huge mineral and natural gas resources. Vast reserves of petroleum and natural gas are located at the Krishna Godavari Basin. Amount of coal reserves are also found along with these.

Among so much of infrastructure, businesses and growth one thing that is common is the electricity. In this also the state is not at all lagging behind. The Andhra Pradesh Power Generation Corporation Limited (APGENCO) is putting great efforts in this sector. APGENCO has installed the third largest power utility plant in Andhra Pradesh with capacity of 8126.9 MW. It has also bagged the India Power Award-2009 as well as 2008, National Award for Meritorious Performance in Power sector under the category of Thermal Power Stations performance for the year 2008-09 and many more. There are various ongoing projects and many others in pipeline generating massive business for related industries in AP. Transformer tenders for power plants, security services Andhra Pradesh tenders, recreational services and other tenders for different projects are invited. Few of the major projects at present that invites Andhra Pradesh tenders are Kakatiya Thermal Power Project Stage-I, N.Sagar Tail Pond, Priya Darshini Jurala HES and Kakatiya Thermal Power Project Stage-II.

Among so much competition if you are planning a strategy for your business to get Andhra Pradesh tenders then you will have to be very careful. The strategy developed should be such that it surpasses the competitors and make you a clear winner. The first thing to keep in mind is the networking because no business can stand without communication and networking. You must have a strong base of this. Also you must have the details of your niche market, competitors and how the market is growing. So understanding the market in another key point. After this all other things like marketing, return on investment, financial viability, cause and effects, competitor’s activity etc must be taken into account while planning a business strategy.

All in all it can be said that Andhra Pradesh is a developing state with numerous job, business and growth opportunities. Just the right strategy will work for you to shape your career and growth in this blessed state of India.