“The focus on concept cities will bring greater private investment to the state.”
The Andhra Pradesh Chapter of the Federation of Indian Industries (CII) welcomed the annual state budget for the budget year 2021-22 with an estimated spending of £ 2.29 billion.
In a statement on Thursday, Chairman D. Tirupathi Raju said the government’s focus on welfare initiatives was a welcome move amid the prevailing COVID-19 pandemic.
He said allocations to welfare systems would increase the demand for various goods and services.
In terms of budget for gender and children, with a greater focus on measurable outcomes in spending on children and women, he called this a step in the right direction.
Rythu Bharosa Kendras (RBKs) focus would benefit farmers as they act as knowledge centers for farmers, he said, adding that pushing farm mechanization would address labor shortages and increase productivity.
Introducing the Nadu-Nedu program in the health sector to improve public health and health infrastructure, he said, adding that health sub-centers, PHCs, community health centers, area hospitals, district hospitals and teaching hospitals would be improved both in terms of infrastructure and equipment as well as additional ones Human resources.
In the industrial space, Andhra Pradesh ranked first in the Ease of Doing Business Survey, reflecting the government’s commitment to developing investor-friendly policies and creating a favorable business environment, he said.
In 2020-21, the state attracted £ 6,234.64 billion in investments despite the COVID-19 pandemic. The focus on skills development has helped create job opportunities, he said.
The emphasis on concept cities would bring greater private investment into the state, Tirupathi Raju said, adding that it is a unique and inclusive model of economic development led by the private sector and supported by the government.
The collaborative approach would benefit the state in building the necessary urban infrastructure and improving people’s standards, he said.