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Pallam hopeful of business picking up

Special Correspondent



M.M. Pallamraju

HYDERABAD: Union Minister of State for Defence M.M. Pallam Raju on Sunday regretted that business was on the defensive in the State due to political disturbances so far and hoped it would scale new heights in the Telugu calendar year.

Participating in the Ugadi celebrations organised of Indo-American Chamber of Commerce (IACC) here, Mr. Raju remarked in a lighter vein that entrepreneurship and default were both high in the State.

Chairman of GVK Industries G.V. Krishna Reddy explained the success of ‘108' ambulance service supported by his group and said Indonesia had recently sought its introduction in that country. Mr. Krishna Reddy recalled that he returned to India to start business after spending 15 years in the United States where the government gave him 200 acres of land free of cost at North Carolina for an enterprise in reverse flow technology.

Thespian Akkineni Nageswara Rao was felicitated on the occasion for receiving Padma Vibhushan.

Political officer at US consulate here Mujtaba S. Andrabi and past president of IACC Syed Baderuddin spoke.

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Andhra Pradesh

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