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The new industrial policy of Andhra Pradesh Government will augur well for the industrial growth, the Confederation of Indian Industry (CII), Andhra Pradesh said.
While welcoming the policy announced by Chief Minister N Chandrababu Naidu on Wednesday, Suresh Chitturi, Chairman, CII- AP& Vice Chairman & Managing Director, Srinivasa Hatcheries Ltd said the State ``all set for accelerated industrial growth.’’
The initiatives like 100 pc reimbursement of stamp duty, power-cost reimbursement at Rs 1 per unit to industrial units for a period of five years from the date of commencement of commercial production and 50 pc of net VAT/CST/SGST reimbursement max up to 7 years were welcome, he added.
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