No mention of the much-needed financial support for the cash-starved Andhra Pradesh.
While acknowledging the Centre’s effort in presenting an ideal budget suited for the industry and the country as a whole, the industry umbrella body Confederation of Indian Industries said that the Centre could have been more assertive in specifying sops to the fledgling AP. Similar promises made to naya-Raipur in Chhattisgarh have not been fruitful in the expected lines according to CII.
Speaking to The Hindu, CII chairman (for combined AP) Suresh Chitturi said, “Allocation and indication of institutions and projects sound good but a concrete statement on finances, support for building of capital and little more detail on re-building of the State could’ve been great. Just for instance, it’s been 10 years of development but not much to talk about in naya-Raipur.”
In contrast to the initial promise of developing smart cities in the new State, the Centre has just talked about one industrial smart city at Krishnapatnam Port according to the industry. The announcement is not much different from ‘Krishnapatnam industrial node’ which was already indicated by the earlier government, said a Hyderabad based industrialist.
Going by the past experience, promises are not fully met and institutions did take longer time to take shape according to an industrialist having major interests in IT and infrastructure. “Just look at the IIT in Hyderabad which was established five years ago, the construction is yet to be completed. Promises need to be backed by finances and timelines,” he said on condition of anonymity.