The Federation of Andhra Pradesh Industries (FAPI) is planning to stop payment of taxes and bills to the government protesting the neglect of industrial sector by the State government.

The body will meet here on March 24 to take a decision on the proposal.

Addressing a press conference here on Thursday, FAPI president B.V. Rama Rao and general secretary M. Raja Reddy said fifteen days of power cuts to large and medium scale industries in a month is resulting in fifty per cent production loss. It is difficult to pay sales, central excise, value added and property taxes and meet interest demands to banks and power tariff bills with half the production, the office-bearers said.

The government proposal to increase power tariff from April will weaken industries further.

They reminded that during the run up to 2009 elections, Y.S. Rajasekhara Reddy had promised that there would not be any power tariff hike for industries till 2014 and it was the responsibility of the incumbent Chief Minister to fulfil the pre-poll promise.

‘The government proposal to increase power tariff from April will weaken industries further'