The Confederation of Indian Industry (CII), which is working closely with the State government to promote AP to a preferred destination for investors, believes Chief Minister N. Chandrababu Naidu’s efforts will bear fruit with help from the Centre.
“The State requires help from the Centre. It will facilitate speedy and effective implementation of policies that will not only attract but also sustain the interests of prospective investors in the State,” CII (AP) chairman Suresh Rayudu Chitturi said.
In an interview with The Hindu , Mr. Suresh said more than 1,500 industries, both big and small, had signed up investments in one year, and that they were looking at long-term political stability, GST and consistency in rules to grow big in the “Sunrise State”.
The focus sectors should be agriculture and allied industries, manufacturing, infrastructure and services to achieve a double-digit growth rate of 12 per cent, which pegs the per capita income at $16,500 by 2029-30, he added.
On the capital construction exercise, Mr. Suresh said the industry body was playing an active role in the process by showcasing growth opportunities at various forums. In association with the State government, the CII organised an international mission to China, Japan and Singapore, which yielded tangible results, he added. Besides, the CII is establishing a Centre of Excellence for Entrepreneurship in the capital region while gearing up for the CII Partnership Summit to be held at Visakhapatnam in January 2016.
On the issue of land acquisition, Mr. Suresh said it had been abused in the past. “A lot of time and effort is required to sort out the issues, and I am hopeful that the Chief Minister will eventually remove the irritants, making all sides happy,” he observed.
He says land acquisition has been abused in the past
