Chief Minister N. Chandrababu Naidu has stated that the State government will provide industrial concessions worth Rs. 2,500 crore in the next 45 days.

Interacting with industrialists on Tuesday, Mr. Naidu said that Andhra Pradesh was only State in the country to announce that there would not be upward revision in power tariff. The government would provide all facilities to promote the industrial sector. The World Bank gave Number 1 ranking to A.P. with regard to ease of doing business, he said.

Hi-tech approach

Through industrial corridors, many of which are still in the planning stage, industrial activity would pick up in the State. The government was standardising and digitising most procedures and regulations, keeping in mind the impact on the environment also.

“With a lot of hard work from our department, Kia Motors, Apollo Tyres and various huge investments have come to AP. Each investment is a success story . Telugu people have been successful all over the world. We are professionals today, let us aim to become the best entrepreneurs too,” he said.

“I am happy with the way we have grown so far. With many foreign tours, many networking sessions with international businessmen and the launching of many policies for businesses, we are creating the perfect ecosystem for businesses to grow,” he said.

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