Declining Industries In The State To Get A Push

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While on one hand, the state has been witnessing great progress with pooling investments from global players, the declining industries will need to be seriously looked at. This is what AP govt precisely intends to do in the coming days.

In a review meeting on jute, sugar, ferro alloys and textile industries at the Camp Office in Vijayawada, the Chief Minister asked the officials to prepare a comprehensive report on sick industries and steps to revive them.

A major contribution from the industrial sector only will help achieve double digit growth, said Chief Minister N. Chandrababu Naidu.

The Chief Minister instructed the officials to study the status of aluminium, manganese, silica and other ferro alloy industries and find out how the Centre and the State can come to their rescue.

The officials informed him that while there were a total of 35 units in north coastal Andhra, only 27 were operational. Stiff power tariff is a major hurdle being faced by these units, they explained. These industries are now seeking concessions in power tariff and exemption of 6 paise per unit on electricity duty.

The Chief Minister opined that technology upgrade can only help them survive. He asked the officials to explore the exemptions on central excise, vat etc to help these units tide over the crisis.

The officials told the Chief Minister that in the last 3 years, the textile industry had not been doing well internationally. There were as many as 62 textile units in 2005-10, which have now down to 33 in 2010-15.

The Chief Minister felt that textile and apparel sectors should be combined for effective results. Skill development is required for the labour in these industries, he said.

All the steps towards revamping measures for these industries will now be undertaken by the state govt.



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