FAPI blames UPA, Andhra govt for industrial, agri slowdown

Image
Press Trust of India Visakhapatnam
Last Updated : Jan 24 2013 | 1:49 AM IST

Rama Rao, who recently joined the YSR Congress party, said the industrial and agricultural sectors in the state were facing severe problems due to wrong policies being adopted by the UPA and the Kiran Reddy government.

Alleging that the industrial growth had come to a standstill, Rao said the state government has totally neglected the sector and the industrialists were not showing interest to invest in Andhra Pradesh due to severe power crisis and labour problems.

He said due to severe power crisis, the farmers were facing many problems.

Chief Minister N Kiran Kumar Reddy and PCC president B Satyanarayana are misleading the public on industrial investments and employment of youth, he alleged.

He demanded that the UPA and the State government take immediate steps for the release the YSRCP president Y S Jaganmohan Reddy, who "strived hard for the industrial growth and creating employment for youth in the state".

He said FAPI wants the state government to central excise and sales tax subsidy on diesel to help the industrial and agricultural sectors.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 25 2012 | 3:06 PM IST

Next Story