AP not so conducive for biz expansion, say industrialists
AP earned a poor 19th rank in perception of business climate
(AP లో అవినీతి భారీగా ఉంది అని 74% మంది అభిప్రాయ పడ్డారు
రెండు రోజుల క్రితం 21 రాష్ట్రాల్లో కేంద్ర ప్రభుత్వ సంస్థ National Council for Applied Economic Research (NCAER) జరిగిన సర్వే లో ఇండస్ట్రీ పెట్టడానికి అనువైన రాష్ట్రాల్లో AP కి 19 వ రాంక్ ఇచ్చింది )
Massive Corruption A Big Dampener, Says NCAER Study
In what could dent the image of Andhra Pradesh as a business-friendly destination, a research study by the National Council for Applied Economic Research (NCAER) says that industrialists in the state believe that the prevailing political atmosphere, labour conditions and available infrastructure are not conducive for expanding business operations.
As many as 60 per cent of the respondents, who participated in the survey, said they did not want to expand their business in the state in the next five years.
Notably, a majority of the respondents complained about rampant corruption in government. The survey categorised government-related problems, including corruption, as severe. More than 74.3 per cent of respondents said corruption was deep-rooted in the state while 17.1 per cent felt it is `moderate’.
Interestingly, the NCAER report goes contrary to the ease of doing business ranks announced by the Centre on Monday.
However, tax policies in AP were lauded by industrialists. More than 91 per cent of industrialists said AP was the best destination for investments because of favourable land acquisition policy.
The report analysed business and economic trends across the country two days ago. It said the state investment potential index (N-SIPI) addresses informational asymmetries among different states, by giving each state a single composite investment score, that gives a comprehensive measure of how the 21 states and one Union territory are positioned to attract investments.
AP earned a poor 19th rank in perception of business climate.