Financial Daily from THE HINDU group of publications
Thursday, Jun 24, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Industry Associations


CII seeks other ways to fund power supply

Our Bureau

Hyderabad , June 23

THE Confederation of Indian Industry (CII-AP) has asked the State Government to work on an alternative method of funding power subsidy. Welcoming the focus on irrigation, agriculture and infrastructure development in the State's Budget for the year, Mr Ramesh Datla, Chairman of CII-AP, said the emphasis on developmental and infrastructural spending on one hand and development of human resources on the other was a good move.

He added that the proposed setting up of Agriculture Technology Mission with the focus on improving efficiency factors in farming through precision farming techniques to leverage IT to deliver real-time information and customised knowledge was a step in the right direction.

"It is encouraging to note that a lot of importance has been attached to small and medium industries, export-oriented industries and large industries. We welcome the proposal for setting up of industry rehabilitation board to tackle industrial sickness," Mr Datla said. Mr C. Parthasarathy, Chairman, Federation of Indian Chambers of Commerce and Industry (FICCI-AP), has asked the Government to constitute a high-powered committee comprising all leading entrepreneurs and top officials to suggest ways to attract investments and address various issues pertaining to the industry. He welcomed the decision to increase allotments to agriculture, irrigation, education, tourism and infrastructure development.

Mr D.A. Somayajulu, Advisor to State Government on Economic Affairs and Policy Implementation, said that the Budget was highly growth oriented and would take the State on to a higher growth trajectory.

He said the low GSDP (Gross State Domestic Product) growth rate during the last decade was largely due to dwindling public investment by the Government in vital sectors.

More Stories on : Industry Associations | Power | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
CII calls for corporate tax rate cut, removal of surcharge — Makes a case for MAT abolition


No new taxes in farmer-centric AP Budget
I've inherited a debt-trapped State: Rosaiah
`Ease import norms on second-hand machinery'
CII for thrust on rural infrastructure
Support sectors that show promise: MCCIA
Core industries grow by 6.7 pc in April-May
Kerala Govt shifts focus to social sectors
`Levy excise duty on cotton bales instead of on yarn'
With all smiles
Chinese cos bid for Bengal projects
NPC plans energy accounting system
ISB doubles intake for 2005 class
Karnataka may continue liquor biz with private IMFL dealers
Hathway denies ESPN claim on dues
MSOs ask TRAI to make CAS mandatory
Online practice exams for students launched
IIML to retain fee structure; expands scholarship base
Online Nalsar courses
Raheja arm sets up shop in Chennai
CII-Karnataka draws 7-point agenda to improve industrial climate
CII seeks other ways to fund power supply
Automation sector forms association
DoS to finalise SatNav contract; foreign bidders in fray
US hopes for breakthrough in WTO talks — `India likely to be tough bargainer in agriculture'
Assurance to TU leaders — PM to take up PF rate with Labour, Finance Ministers
In Hyderabad today
Tax experts raise concern over loan, cash credit in scrutiny cases
Kerala pineapples to hit US shelves
And now an oil massage on houseboats
Malaysia woos Indian MICE market
Full steam ahead
Classification norms for timeshare sector soon



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line