Industry & Economy
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Engineering
`More scope for export of engg goods'
Our Bureau
HYDERABAD, Sept. 3
PRODUCTIVITY of industrial labour in Andhra Pradesh which at one time was low is now the highest in the country and there is vast scope to step up export of engineering goods and machinery from the State, Mr K. Vidyadhar Rao, Minister for Major Industries, has said.
In his valedictory address at the Impex Fair 2002 which was held here for five days, he said that during his recent visit to Malaysia, a number of industrialists there had come forward to import engineering machinery and goods from the State.
He said the State Government had taken a number of measures to facilitate speedy growth of industries. Time-bound single-window clearance and amendments to a number of Acts which in the current context had become archaic were some of them.
The Government had even addressed the Centre to empower special economic zones to grant all sanctions to exporters at one place. Economic prosperity was possible only through exports and in the current WTO regime it had become a pressing need for countries, he said.
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