Dr. N. Yuvaraj, IAS, Secretary, Department of Industries & Commerce, Govt., of Andhra Pradesh recently visited Sri City along with a team of senior officials.
Reviewing the industrial growth in Sri City, Dr. Yuvaraj gave a brief overview of certain recent developments in the areas of fiscal incentive reimbursement, the Production Linked Incentive (PLI) scheme, upgradation of infrastructure, establishment of a thriving ecosystem for Micro, Small & Medium Enterprises (MSME) sector, skill development, etc.
He invited the participants to give feedback on the policies and procedures of the government and requested to put forward their ideas for improvement. Participants brought to the Secretary’s attention a number of specific issues, including property tax in the Industrial Area Local Authority (IALA) area, incentive reimbursement from the state government, power interruptions and unexpected power outages, widening and strengthening of the highway between Tada and Srikalahasti, pending fire NOCs, and the need for prompt remedial action.
Welcoming the secretary Dr. Ravindra Sannareddy, Founder Managing Director, Sri City recalled his long association with Dr. Yuvaraj, Dr. Ravindra Sannareddy said, “We owe you a great deal of gratitude for the encouragement and assistance given throughout the early stages of our development”. Mr Sannareddy further noted that an effective industrial policy depends on effective implementation and continual efforts to create an environment that is favourable to investors.
Dr. Yuvaraj went round the industrial zone and visited the production unit of Panasonic Life Solutions. Mr. E. Pratapa Reddy, Joint Director, District Industrial Centre, Tirupati and Mr. Chandrasekhar, APIIC were also present.
