Andhra Pradesh Industry Leaders Praise Interim Union Budget

Lilu Dhruw
3 Min Read
Andhra Pradesh Industry Leaders Praise Interim Union Budget

The Interim Union Budget has garnered praise from prominent industry figures in Andhra Pradesh for its targeted initiatives aimed at fiscal consolidation, healthcare, infrastructure, and agriculture. V. Murali Krishna, Vice Chairman of CII Andhra Pradesh, hailed the government’s efforts to combat cervical cancer through vaccination programs for young girls, emphasizing the life-saving impact of this initiative in reducing mortality rates.

Krishna also applauded the extension of health insurance coverage for ASHA and Anganwadi workers, citing its significant contribution to a more comprehensive healthcare ecosystem. Grandhi Rajesh, Vice Chairman of CII Visakhapatnam, commended the establishment of three major economic railway corridors, foreseeing them as drivers for industrial transformation. He highlighted that strategic investments, coupled with improved port connectivity and high-traffic density routes, would enhance logistical efficiency and reduce costs.

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R.V.S. Rudraraju, Director of Rujul Chemicals Pvt Ltd, expressed strong support for the “Viksit Bharat 2047” vision, underscoring its reliance on robust governance and substantial infrastructure development. He believed that initiatives such as low-interest, long-term loans, and increased infrastructure spending would drive innovation and economic growth.

D. Tirupathi Raju, Executive Chairman of Vijaynagar Biotech Pvt Ltd, expressed optimism about the budget’s impact on the agricultural sector. He praised measures aimed at enhancing production, promoting technology-driven practices, and providing financial support through an increased credit target of Rs. 20 lakh crore. Raju also commended the government’s commitment to integrating technology with agricultural practices through the creation of a Digital Public Infrastructure for Agriculture, recognizing its potential to revolutionize farming methods.

DK Mohanty, Director (Commercial) of Rastriya Ispat Nigam Ltd, highlighted the increased allocation of funds for infrastructure development, reaching approximately Rs. 11.1 lakh crore during FY24-25. He anticipated a surge in steel consumption in sectors like railways and defense due to additional funds allocated for their projects. Mohanty emphasized the need to reduce steel imports and strengthen domestic production.

The positive reception of the Interim Union Budget by industry leaders in Andhra Pradesh reflects optimism about the government’s initiatives and their potential to drive economic growth and development across various sectors.

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Hi, my name is Lilu, I am a content writer specializing in the topics of Automobiles, Travel, News, Bollywood and Technology
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