Chief Minister N Kiran Kumar Reddy announced that the national institutions like National Institute of Design and National Institute of Bio-Technology would be established at Hyderabad soon. He hoped that Indian Institute of Management may also come soon for the State.
Speaking after inaugurating the “TiE-ISB connect 2012” conference here at Madhapur, the Chief Minister said that the State Government was trying its best for very good atmosphere for industrialists in the state in general and in Hyderabad in particular. He said that during this two years period 69 proposals for establishment of industrial units were received with an estimated worth of 1.32 lakh crores for creating employment for 1.50 lakh people and many more proposals are in the pipeline.
The Chief Minister advised the industrialists to spread out to the rural areas where there is a lot of scope for growth in various sectors like Pisci-culture, horticulture, agro-based industries, poultry dairy etc. He informed that every year the country is importing about Rs 40,000 crores of edible oil and the state of Andhra Pradesh is having a lot of scope to reverse the imports and requested the Government of India to extend financial assistance of 10,000 Crores in a span of five years for palm oil crop development.
Kiran Kumar Reddy said that Andhra Pradesh was having the best industrial policy in the country and the government is very pro active towards the industrialists. Andhra Pradesh is having more than 960 kms coastline and the government of India is establishing second major port in Prakasam district with an investment of 7000 Crores.
The Chief Minister also said that there was some problem in the power sector and hoped that soon it will be overcome. The state is facing shortage of gas, hydel (insufficient rains) to the tune of an average of 15 million units a day. To overcome these shortages, the government has recently announced alternate policies for production of 2000 Megawatts through solar and wind (each 1000 MWs) and we may get it by 6 to 8 months period. He also said that alternate gas procurement arrangements are being done. Including AP, southern states have the problem of power grid connectivity from North and by December 2013, the grid connectivity will be completed.
Kiran Kumar Reddy also opined that policies of the Government of India and the state government should be consistent for steady growth of industries and stated that there is a gap idle capacity of 8000 MWs in the country with an investment of Rs 5-6 crores per Megawatt totalling to 40 to 50 thousand crores lying idle due to lack of gas and coal.
The Chief Minster informed that “lack of money is not a hindrance-lack of idea is a hindrance. The world has become a global village. Take the challenge prove yourselves. Nothing is easy in life, either in business or politics or any field. Plan your business well. We are here to give support.’ He also said that we require employable education in the state and started skill development to the unemployed youth with the help of industry.
Indian School of Business Dean Dr Ajit Rangrekar, Special Secretary to Government IYR Krishna Rao, TiE Chief Mentor JA Chowdary and others also spoke on the occasion.
–Agencies