The Infrastructure Corporation of Andhra Pradesh

A free market economy, the availability of a well-educated, English speaking human resources base, the cost-effective services that Andhra Pradesh offers have all been attracting business from other shores. To capitalise on and extend the reach of foreign investment, the State needs to have a strong, competitive, physical and regulatory infrastructure.

Introduction

The Govt. of Andhra Pradesh created the Infrastructure Corporation of Andhra Pradesh (INCAP) on 31st May, 2005, as part of the Department of Infrastructure and Investment. INCAP was envisaged to expressly increase the pace of infrastructure development by assisting the setting up and development of Private public Participation projects in the State. It is designated to don the roles of a Developer, Advisory and Manager and render a full range of services in every phase of project development, from inception to completion. The Corporation runs in the commercial Format. INCAP will thus enable socioeconomic progress and all round development of the State under PPP route.

To act as a special purpose vehicle constructing different project schemes for the state governments, and other public authorities and to carry on the business  of developing, operating maintaining and upgrading infrastructure facilities at different locations and to engage in the activities of development of physical infrastructure.
 
The activities of the Corporation include:
» To identify, conceptualize, promote and advise on Infrastructure Projects.
» Development, facilitate, advisory services, Monitoring.
 
INCAP  is been Transaction Advisory to GoAP
Strengthening its technical base by entering MOU’s with
International Finance Corporation (IFC), part of World Bank group and
Infrastructure Development Finance Company Ltd (IDFC) a premier Infrastructure group in the country.
INCAP has enriched its project structuring strengths with their association.
 
INVESTMENT CLIMATE POLICY INITIATIVE
 

The Government of Andhra Pradesh enacted the Andhra Pradesh Infrastructure Development Enabling Act, 2001 in order to provide for the rapid development of physical and social Infrastructure in the state, attract Private sector participation in Infrastructure building, to present bankable projects to the private sector and to improve the level of Infrastructure in the state. The Government of Andhra Pradesh created Infrastructure Corporation of Andhra Pradesh on 31 st May, 2005 as a part of the Department of Infrastructure and Investment working directly under the supervision of Hon'ble chief Minister.

 
Equity participation in other Special Purpose Vehicles (SPV’s)
 
INCAP has 26% equity share lots in the SPV of Hyderabad Growth Corridor Ltd. and also in the multi- state. (along with IDFCPE and GSPC group from Gujarat SPV of KGGNL).
 
HIERARCHY:
 
Principal Secretary, Infrastructure & Investment (Govt.)
 
V.C. & Managing Director (INCAP)
Tel.No.040 23321771 / 2 / 4
 
Chief General Manager (INCAP)
Tel.No.040 23321771 / 2 / 5
 
 
About INCAP
Projects
Committee
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