What an eventful one year it has been for Andhra Pradesh and industry on whole. It was around this time last year that the YSRCP’s government came to power with a thumping victory armed with a majority one can only dream and wish for.
The man the people of Andhra Pradesh had decisively voted for Mr Jagan Mohan Reddy was finally given the mantle to lead the state as its Chief Minister. Taking charge Mr Jagan Mohan Reddy immediately made some bold decisions some of which faced industry’s ire from cancellation of projects to reserving employment for locals leading industry circles to be abuzz with alarm.
Having brought in these changes the Chief Minister made it amply clear that the state of Andhra Pradesh is open for business and was willing to go all out for businesses that entrusted transparency and inclusiveness. One of the prime examples of this was the diplomatic outreach programme Jagan called for very early into his taking charge. Numerous Ambassadors, high commissioners, consul generals from various countries participated to hear what the new leadership has to offer. Jagan himself addressed the audience and apprised them of full support and openness in his government. He assured the distinguished gathering that the state under his leadership would be investor and business friendly and urged them to get investments here.
Another major decision that the CM took was the announcement of the capital shift and decentralizing power by getting in the three capital formula. Visakhapatnam to be the executive capital, Kurnool to be Judicial capital and Vijayawada to be the legislature capital of the state. This he advocated would spread growth across all the regions of the state and would further propel the state’s all round development.
Probably one of the biggest decisions of the CM has been his announcement of release of MSMEs dues which were pending since the previous governments time. Despite the state’s bleak economic situation Jagan called for the immediate release of dues in order to assuage liquidity concerns of MSMEs.
Now with the COVID-19 pandemic wreaking havoc across the world and the state, the CM’s leadership is yet again being put to the test. Under his leadership AP become one of the first state’s in the country to launch Covid-19 test kits. And now he is treading a thin line in getting industry back to work while making sure the safety of the people are not put to risk.
One doesn’t need any swanky analysis or research to say that the coming months will be a tough one for industry and that businesses will need all possible government support. We at VIS believe that the CM will continue to take lead in these tough times ahead for industry and shall endow them with all possible help and support possible.