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CII Andhra Pradesh holds meet on revival of economy

CII Andhra Pradesh holds meet on revival of economyCII Andhra Pradesh holds meet on revival of economy
Highlights

The Confederation of Indian Industry, Andhra Pradesh, on Tuesday organized a digital conference on 'Business disruption-reviving economy: challenges & opportunities in post Covid World' in Vijayawada

Hyderabad: The Confederation of Indian Industry, Andhra Pradesh, on Tuesday organized a digital conference on 'Business disruption-reviving economy: challenges & opportunities in post Covid World' in Vijayawada.

Addressing the industry members at meeting. R Karikal Valaven, Special Chief Secretary, Department of Industries & Commerce, Andhra Pradesh, said that the State government has supported the industry through ReStart package. "As a part of Atmanirbhar Bharat Abhiyan package, the Government is supporting the MSMEs (micro, small, and medium scale enterprises) with collateral-free automatic loan with outstanding loan of Rs 25 crore or annual turnover of Rs 100 crore". He urged the industry to follow safety guidelines issued by government to re-start industry in the State.

Ravindra Sannareddy, Managing Director, Sri City Private Limited, in his address highlighted the government's initiatives to support industry during the Covid-19 crisis.

He felt that Andhra Pradesh has a advantage in attracting investments due to the presence of Chennai-Bangalore and Visakhapatnam-Chennai industrial corridors.

JVN Subramanyam, Director of Industries, said that Andhra Pradesh is a best investment destination for doing business in the emerging post Covid-19 scenario. The State offers cost advantage with good infrastructure facilities by having connectivity to ports and international markets.

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