Hyderabad, February 24: The Confederation of Indian Industry-Andhra Pradesh has welcomed the tax-free budget presented on Wednesday and expressed happiness at the various developmental initiatives proposed through the public-private partnership mode, specially the large infrastructure projects like sea ports and airports.
On the initiatives on skills development, Shakti Sagar, Chairman, CII-AP, said they were working closely with the State government to support skill development programmes and rural employment. CII-AP was partnering with the government to achieve the goal of training 50 million youth by 2022, he said. He appreciated the Rs. 1,115.79-crore budgeted to develop infrastructure in naxal-infested Khammam district, while also lauding the State’s efforts to maintain fiscal prudence by bringing down fiscal deficit to 3.40 per cent of the Gross State Domestic Product in 2009-10, which was well below the limit of 4 per cent recommended by the Government of India.
While welcoming the government projections of a revenue growth of 20 per cent for 2011-2012, he expressed concern that around 63 per cent of the total expenditure was non-plan, which was not a healthy sign in the long run.
-Agencies