Describing Andhra Pradesh as one of the most progressive state of India, Union Finance Minister Arun Jaitley today urged the industrialists to come forward with investments in AP as there is huge scope for it. Inaugurating the two-day 23rd edition of CII Partnership Summit currently underway in Visakhapatnam, he said the Centre had established several industries in record time in the State after bifurcation.
He assured the people of Andhra Pradesh that the Centre will not only fulfil whatever promise it had , it will also will walk an extra mile, because it has potential of much higher growth for the state and rest of India arises. He assured that the Centre is concentrating on the overall development of the state, emphasizing that there is wider scope for employment in manufacturing and service sectors.
Jaitley appreciated that Andhra Pradesh has achieved double digit growth rate in the country and is hopeful that for the next few y ears it grows at least 4-5 per cent ahead of the national GDP. He said that the avenues of investment in Andhra Pradesh is far more compared to other parts of the country. He added that the State is progressing with the sole aim of achieving speedy industrialisation and strong economy.
He said Andhra Pradesh has become the top state in the country in ease of doing business. Describing Andhra Pradesh as one of the “most progressive states of India”, the union minister said it has to build its capital, execute large irrigation projects, and build townships and manufacturing industry. He is sure that completion of the multi-purpose Polavaram project will make Andhra Pradesh a powerhouse for agriculture produce.
The finance minister said with the implementation of GST, new indirect tax regime will make India one single market, eliminate multiple assessments, check evasion and bring more revenues into the system. He further said the government plans to implement GST, from July 1st.
