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Get industrial policy ready soon: AP CM

Our Bureau

Hyderabad , March 25

ANDHRA Pradesh has attracted new proposals from 12 companies, each worth more than Rs 100 crore during the year 2004.

The State Investment Promotion Board (SIPB) has on hand 1032 projects as of January 2005, with an aggregate investment of Rs 1,64,899 crore. It has recorded a growth of 26.10 per cent compared to the previous year.

Giving this information at a review meeting of the SIPB today, Mr K.V. Rao, Principal Secretary (Industries & Commerce Department) said the State contributed 7.52 per cent of the total investments under implementation, and thus ranked third in the country.

The Chief Minister, Dr Y.S. Rajasekhara Reddy, who chaired the meeting, directed the officials to finalise the new industrial policy by the first week of April without fail, according to an official release.

He wanted all the proposed investor-friendly components to be incorporated.

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