Andhra Pradesh   

New industrial policy sought

By Our Special Correspondent

HYDERABAD, JULY 3. The Federation of Andhra Pradesh Industries (FAPI) has urged the Government to come out with a new industrial policy replacing the previous Government's policy (2002-2007) as it had cut down incentives and was not conducive to growth of industries.

Addressing a press conference here on Saturday, B.V. Rama Rao, president of FAPI, wanted incentives like 20 per cent subsidy on land, five-year tax holiday and such concessions to be restored for speedy growth and to attract investors to the State.

He urged the Government to constitute a State-level `parisramika mandali' with the Chief Minister as Chairman.

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