Andhra Pradesh, burdened with a revenue deficit of over Rs. 15,000 crore, got an assurance from the visiting Union Minister of State for Finance, Jayanth Sinha, that the Centre would consider announcing an integrated package to stimulate the industrial and economic growth of the State.
The Centre sent Mr. Sinha to the State as it wanted the Finance Ministry to be the coordinating wing and the focal point to implement the assurances under the Andhra Pradesh State Reorganisation Act, sources said.
Mr. Sinha told presspersons that the Centre would keep its word on extending assistance to the building of the capital.
The estimated cost of building the capital was over Rs. 1 lakh crore.
“We will see that financial support is extended to the State,” he added.
