India
ASSOCHAM releases roadmap for double digit growth in AP
Hyderabad | Thursday, Nov 5 2009 IST
Andhra Pradesh, a 'rising star', has all the potential to emerge as growth leader in the country if its strengths are properly channelled, Associated Chambers of Commerce and Industry of India (ASSOCHAM) National President Swati Piramal said today. Releasing a roadmap for achieving double digit growth in Andhra Pradesh at a press conference here, she suggested setting up of a nodal agency with powers to settle issues affecting investment projects as most of them remained in the announcement stage for a long time. The State had attracted 1,517 investment projects involving a sum of Rs 6,92,721 crore mostly in manufacturing, power, services, irrigation and real estate as of June 2009. However, only 50 per cent of these projects were actually being implemented, she lamented. The ASSOCHAM would hold an 'Investmart' in Andhra Pradesh in early 2010 with the twin objetives of doubling inflow of new investments within a year and help sort out various hurdles to ongoing projects. -- (UNI) -- 05MC7.xml
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