SunRise AP


Orders were issued vide G.O.Ms.No.30, I&C (IP & INF) Dept. dt:10-04-2015 changing the nomenclature of the ‘A.P. Invest’ as “SunRise A.P.” The CEO, the then A.P Invest in the reference 1st read above has requested for sanction of Rs.50 Crores to meet the following requirements:

  1. Office setup including rents, furniture, computers etc.
  2. Salaries, Consultancy charges and allowances.
  3. Appointment of Sector specific experts.
  4. Appointment of language experts with investment focus regarding Japan, China, Germany, France etc, to facilitate setting up of country desks.

Finance Department have issued B.R.O for an amount of Rs.5 crores (Rupees five crores only) Plan, as additional funds in relaxation of treasury control and quarterly regulation orders pending provision of funds by way of obtaining supplementary grants during 2015-16 to A.P. Invest for setting up of office for SunRise A.P. under the following head of account:

(Rs. in Lakhs)

Sl. No Head of Account Charged/ Voted Provisi-on in BE 2015-16 Additional Amounts Sanctioned Amounts Reappropriated Total Provision in BE 2015-16 Amount already Authorised Amount Authorised Now Balance Amount Available
Scheme Name: AP Invest Procedure of Drawal of funds: Detailed Voucher Bill/GIA Drawing Officer: Concerned Drawing Officer Remarks:
1 2852-80-800-11-16-310-312 V 1,10.00 5,00.00 0 6,10.00 27.50 5,00.00 82.50
Total 1,10.00 5,00.00 0 6,10.00 27.50 5,00.00 82.50

Government after careful consideration of the mater, hereby accord administrative sanction to the C.E.O., A.P. Invest now C.E.O., SunRise A.P., Government of A.P for an amount of Rs. 5 crores (Rupees Five crores only) under plan as additional funds in relaxation of treasury control and quarterly regulation orders pending provision of funds by way of obtaining supplementary grants during 2015-16 to A.P. Invest, for setting up of office and for the functioning of SunRise A.P. under the  head of account at para (2) above.

The Assistant Secretary to Government, Drawing & Disbursing Officer, Industries and Commerce (OP) Department, A.P. Secretariat, Hyderabad, shall draw the amount sanctioned in para (3) above and disburse the same to the C.E.O, AP Invest, Andhra Pradesh, Hyderabad now C.E.O., SunRise A.P.

The CEO, AP Invest, AP, Hyderabad, now C.E.O., SunRise A.P., Government of A.P shall furnish the utilisation certificate to Government. He is also requested to take immediate necessary action for placing the proposal for supplementary grants to Finance Dept. during the Financial Year 2015-16.

This order issues in accordance with Budget Release Order issued by the Finance Department vide G.O.Rt.No.2650, Finance (FMU-REV,INDS–COM,ENY) DEPT,   dt:09-10-2015and their U.O.No.4362/92/FMU-REV-IC/A2/2015, Dt.15.10.2015. G.O.RT.No. 463 Dated:28-10-2015

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