HYDERABAD: The apex organisation of industry and trade covering various sectors of the economy at a meeting here on Monday appealed to spare the industry from bandhs and unrest. The Federation of AP Chambers of Commerce and Industry (FAPCCI) said the meeting considered the prevailing situation in the State and decided to issue the appeal. It said in a press release that the Government, political parties, students and public should know the importance of industry for national economy. ‘Industry creates employment, uplifts society and generates wealth. Industry does not have any affiliation with any political system, religious or regional aspirations. It functions and flourishes in a climate of peace, stability, cordiality, and neutrality’.
The cascading effect of the disturbances was so enormous that diversion of investments and industry were already seen taking place, with deleterious effect on State’s economy.