The A & N Administration lays special emphasis on balanced growth of Industries without disturbing the fragile ecology of the Islands. The Industrial Policy of Islands aims at promoting value added Industries based on locally available raw materials for generation of employment opportunities. The Industrial growth in the last two decades has been very slow due to logistics problems, non-availability of raw materials and absence of local markets. Hence the Administration has proposed a number of facilities and incentives for investment promotion in A & N Islands to accelerate the industrial growth of this territory. For details regarding package of incentives for small and micro enterprise in A&N Islands,please visit http://ls.and.nic.in/Industry/Home.php.
The Andaman and Nicobar Administration has identified the following sectors as thrust areas for overall development of the Islands:
The Islands of Andaman and Nicobar are blessed with rare variety of flora and fauna, exotic underwater marine life, crystal clear water and mangrove lined creeks. The Union Terriotory offers innumerable opportunities for tourism through water sports and adventure tourism such as trekking, island camping, snorkeling and scuba diving, sea aquarium, water theme park, wave surfing, Marina yacht, convention center, health resorts, sanctuaries/ National Park, Inter Island cruiseliner etc. Tourism has been identified as a major sector for development in the islands. The Tourism policy of A & N Islands aims to promote sustainable tourism by developing eco-friendly tourist infrastructure of international standards through public and private sector initiatives. With a view to augment high quality tourism infrastructure in the islands, the Corporation in association with A&N Administration, after a transparent bidding process, has leased out the following prime beach locations to reputed companies in the hospitality sector which will strengthen destination image and value:
18.33 hectares land has been leased to The Indian Hotels Company Limited, (Taj Group) for development of Beach Resort and the agreement was signed during December 2009. Taj will pay lease rent of Rs. 2.25 crore per year and it will be revised upward by 10% every 5 years. Apart from the annual lease rental, Taj shall also share its annual gross revenue to the extent of 2% for the first 30 years and thereafter at the 3%. As per the terms of the lease 60% of the total personnel recruited will be local residents of A&N Islands and this will boost local employment generation. Taj will construct luxury rooms, specialty restaurant, banquet and meeting facility, health club, spa, water sports facility etc. The project will obtain all environmental clearances before construction commences. This project will catalyse investment of about Rs. 80 crore and help to promote Andaman and Nicobar Islands as a global Island destination