CBN has started his work in brisk pace for the development of Andhra Pradesh without taking oath as Chief Minister. Industrialists from different sectors have met TDP President CBN yesterday. They are willing to put their investments in the region and expressed their trust and confidence on Babu. They requested Babu to release industrial policy and 10 years tax-holiday for their investments in AP. They also requested CBN to give permissions for the formation of industries in quick manner.
27 Companies have come forward to invest more than 5,600 crores in 12 different sectors in Andhra Pradesh. Pharma, IT, Healthcare, Food-Processing, Solid Waste Management, Skill Management and Tourism sectors are among them to invest in AP. Industrialists are confident that around 50K jobs are generated with this direct or indirect investments in AP. They expect most of the jobs (30K) in Pharma Sector only.
Industrialists have planned to gather International summit at Vijayawada after CBN took charge as Chief Minister. They suggest CBN that Naidupet (Nellore) is the best place for Pharma Companies. IT and ITES have certainly large scope to grow in Vizag City. If AP provides 10 Years Tax-holiday they expect investments from foreign nations.
