Andhra Pradesh

Minister scotches rumours on industries leaving State

M. Goutham Reddy.

M. Goutham Reddy.  

‘Talks with Adani Group in advanced stage; Reliance project not shelved’

Industries Minister M. Goutham Reddy has scotched the rumours that big industries are moving away from Andhra Pradesh due to the government’s policies.

“In fact, many are looking forward to come to the State,” Mr. Goutham Reddy told the media here on Thursday in response to a question on the Adani and Reliance groups dropping their investment plans in the State. The Minister was speaking on the sidelines of the two-day BIMSTEC conclave of ports, which was inaugurated in the city.

Data park

“The Adani group has not withdrawn its plans to invest in a data park near Visakhapatnam. We have asked the group to come up with a clear investment plan so as to allocate land in phases. We are not in favour of hype. We are industry-friendly. We want the project to take a concrete shape,” Mr. Goutham Reddy said, and added that negotiations with the Adani Group were in an advanced stage.

Referring to the Reliance Group’s plan, the Minister said, “The TDP government had allocated 136 acres to the group without due diligence. Many of the lands allocated are caught in litigation. Therefore, the government has written to the group that land would be allotted to the project elsewhere in the same area.”

The negotiations were still on and the project had not been shelved, he made it clear. “The TDP government should be blamed for many of the issues being faced today. We have taken over the reigns only five months ago. We are trying to sort things out one by one,” said Mr. Goutham Reddy.

Incentives to IT units

The incentives promised to the IT units in Visakhapatnam and elsewhere in the State were pending disbursal, he said.

“The TDP government has passed on to us a burden of ₹4,000 crore in arrears,” he alleged.

“It will take sometime to clear them. The previous government has promised several incentives without making proper budgetary allocations for the same. We are now trying to figure a way out,” he said.

The industrial policy of the previous government would last up to 2020. A new policy would be announced in the Budget session next year, the Minister said.

“We are in talks with the stakeholders. We will announce a comprehensive policy and implement it in earnest,” he said

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Printable version | Feb 18, 2020 12:40:02 PM |

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