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Chandrababu Naidu keen on investor friendly laws

Chandrababu Naidu keen on investor friendly laws
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Andhra Pradesh government is likely to introduce labour reforms bill during the budget session on the lines of one enacted by the Rajasthan government. Indicating this on Monday at a review meeting of the Labour Department, AP Chief Minister N Chandrababu Naidu told the officials that this was necessary to attract investments.

Legislation on the lines of one enacted by Rajasthan govt

Hyderabad: Andhra Pradesh government is likely to introduce labour reforms bill during the budget session on the lines of one enacted by the Rajasthan government. Indicating this on Monday at a review meeting of the Labour Department, AP Chief Minister N Chandrababu Naidu told the officials that this was necessary to attract investments.

He said while investors from several countries were interested in coming to AP, they were worried about the labour unions and associations in the State. Naidu asked officials to come up with suggestions to bring investor- friendly labour policy. The Chief Minister told them that the government was intent on creating employment opportunities and that can be done only by attracting more and more investments in the private sector, he said.

He also referred to the manner in which the labour laws were changed in Rajasthan where the private companies can now "hire and fire" the employees. According to the reforms introduced by Rajasthan government companies employing up to 300 employees in the State can now lay off workers or close down without taking the prior approval of the Central government.

The Chief Minister directed the Labour department to ensure social security of one crore labourers in the State’s unorganised sector. He suggested officials to explore the possibility of issuing licenses to small shopkeepers through hassle-free online process. He also asked them to look into providing accident cover, Aam Aadmi Bima Yojana, driver’s insurance, motor insurance and other policies which would ensure security of vulnerable sections of society.

Given that several investors are coming forward to invest in Andhra Pradesh, the Chief Minister said that there was an extensive discussion among them about labour force, unions and associations. Labour Minister K Atchennaidu, Principal Secretary to CM Satish Chandra, Joint Secretary to CM Pradhyumna, APSSDC CEO Ganta Subbarao, Secretaries (labour) Ravi Bhashan, Surya Prakash and other officials were present in the meeting.

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