Making land available to industries at affordable cost, desisting from ‘loading’ the cost of infrastructure to industries, and making budgetary provision for incentives announced in various industrial policies are among the key recommendations that the Andhra Pradesh Chambers of Commerce and Industry Federation (APCCIF) is making to the government for taking necessary action ahead of the 2017-18 budget.
The incentives are to be released without any delay after the claims are made and preferably allowed at the source itself.
Listing the pre-budget suggestions in a press conference here on Wednesday, APCCIF president M. Murali Krishna said the existing tax exemptions should continue under the Goods and Services Tax (GST) regime also to motive entrepreneurs to invest in the Sunrise State.
He sought that the Sick Units Policy be revived for the benefit of hundreds of loss-making SSIs and enterprises in spinning, transport and ferro-alloys sectors. The government could prevent large-scale layoffs by making necessary modifications to the policy made in 2006.
Mr. Murali Krishna said the ‘Inspector Raj’ was persistent in the economy and it needed to be addressed at the earliest to facilitate rapid industrial development.
APCCIF general secretary P. Bhaskar Rao said inclusion of edible oil units under the list of food processing units for availing various incentives, levying of power tariff on actual consumption, classification of hotels under the orange category, levying of vacant land tax along with other fee for obtaining building plan approvals, and speedy implementation of the Vizag-Chennai Industrial Corridor are the other suggestions to the government.
