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Venkaiah urges private firms to invest in government projects

Venkaiah urges private firms to invest in government projects
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The Union Minister for Parliamentary Affairs M Venkaiah Naidu here on Saturday appealed to the business and industry representatives to invest with the government for providing infrastructure to the nation. The Minister addressed the first general body meeting of the Andhra Chambers of Commerce and Industry Federation that represents the industry and business from all the 13 districts of the State.

Vijayawada: The Union Minister for Parliamentary Affairs M Venkaiah Naidu here on Saturday appealed to the business and industry representatives to invest with the government for providing infrastructure to the nation. The Minister addressed the first general body meeting of the Andhra Chambers of Commerce and Industry Federation that represents the industry and business from all the 13 districts of the State.

Venkaiah Naidu said Prime Minister Narendra Modi had given the ‘Make in India’ call with a vision to promote industries in the country. He said manufacturing would provide greater employment to the people in the country and thus would improve the economic standards of the people. He said all manufacturing activities including textiles, pharma, fertilizers, automobiles, aviation, electrical, electronics, pharmaceuticals, chemicals and others were open for private investment. He emphasised the role of private investors in providing infrastructure in the country.

Union Minister  M Venkaiah Naidu performing Bhoomi Puja for Shyama Prasad Mukherjee Institute for Social Service at Undavalli near Vijayawada on Saturday.  Photo: Ch Venkata Mastan

Venkaiah Naidu said the government was concerned more about providing infrastructure like roads, drains, electricity, health, education and employment to the people. The government would take the support of the private investors, he said and added that the private investors were not traitors of the nation.

The Union Minister said the Modi government was working hard to restore the economy in the country which was derailed during the last 10 years of the UPA rule. He said the Modi government was committed to increase the GDP from the present 12 per cent to 25 per cent, which would increase the living standards of people.

However, he regretted that the Opposition parties were spreading false information and misleading the people about these initiatives of the Modi government. He wanted the industry and business representatives to counter this campaign and create awareness among people on the need to create wealth for the nation with the private participation.

The Andhra Chambers of Commerce and Industry president Mandava Prabhakara Rao was in the chair. Minister Kamineni Srinivas, MPs K Haribabu and G Gangaraju, chamber president-elect M Murali Krishna, business persons M Rajaiah, Y Harishchandra Prasad and others spoke.

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