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, HYDERABAD: The Andhra Pradesh Government is targeting a 10 per cent increase in investment every year and is aiming to attract Rs 15,000 crore of new investments by 2010.

Industries Department officials are working out a blueprint to showcase the vast resources available in the State.

The Government also wants to highlight the industry-friendly climate created by it for the benefit of prospective investors and promote the State as an attractive destination.

With this goal in mind, the industrial investment promotion policy for 2005-2010 has unveiled a host of incentives such as assured power with substantial rebate in costs, refund of 25 per cent of tax paid under VAT, attractive capital subsidies, and exemptions from various duties.

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