VIZIANAGARAM: Micro, small and medium industries, IT, pharmaceutical and engineering units in the state have incurred about Rs. 3000-crore loss following agitations in both Telengana and Andhra regions during the last one month, disclosed B. V. Rama Rao, president of Federation of Andhra Pradesh Industries. There are 3.75 lakh micro, small and medium industries, 2000 major industries, including 1500 pharmaceutical companies, six major and 200 medium software companies and 40000 engineering industries in the state.
Together the industries incurred heavy losses due to disruption in transport of raw material and finished products during the period, he told a press conference here on Monday. Owing to the instability no industrialist is coming forward to invest in the state.
Stating that the unrest has been created by a handful of “unemployed politicians,” Mr. Rama Rao appealed to the UPA Government at the Centre to dissolve the Assembly and impose President’s rule, as it only would save the industries, particularly IT, pharmaceutical and engineering units, in the interest of 36 lakh employees.