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Chandrababu Naidu releases White Paper on Industry, Infrastructure and Employment

July 11, 2014 - Hyderabad

Releasing the White Paper on Industry, Infrastructure and Employment, Andhra Pradesh Chief Minister Nara Chandrababu Naidu said that the State Government will unveil 11 sector-wise policies to spur industrial growth.

Charing the previous Congress government for running the brand image of the combined State and forced the industries to move other States right from 2004 due to its corrupt rule, he detailed the reforms that TDP made in the post 1991 rule. He said that rapid changes were made in various sectors and jobs were created and revenue was increased.

Chandrababu Naidu said that 64,000 medium, small and micro enterprises were closed down turning investments of over Rs.12,000 crore into NPAs due to corrupt rule of Congress governments and resulted in 2.30 lakh people had lost jobs. He said that irregularities were noticed in allotment of lands to the tune of two lakh acres of land and the Cabinet sub-committee that was appointed on it will look into it. He said that Brahmini Industries was given 10,760 cores, APIIC irregularly executed a sale deed of 8,844 acres in Ananthapur in favour of Lepakshi Knowledge Hub Ltd., while VANPIC was allotted 19,000 acres.

Growth engines:
Chandrababu Naidu said that the government has identified six to seven growth engines that would fetch annual revenue of Rs.44,000 crore. Trade, tourism and hotel industry would generate Rs.7,000 crore , agriculture Rs.6,000 crore and Food processing Rs.6,000 crore . Visakhapatnam would be turned into industrial and financial capital while Ananthapur-Chitoor would become horticulture hub. A petroleum university at Rajahmundry and a marine university in West Godavari would be setup, said Chandrababu Naidu.

Andhra News

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