He also demanded the speedy approval of the revised estimates of the Polavaram project.
YS Chief Minister Jagan Mohan Reddy reiterated that the Central Government was obliged to grant Special Category (SCS) Status to Andhra Pradesh (AP) as for the commitment given in Parliament as a precondition for the two-partition.
Rapid industrialization of the state is possible only if the SCS is approved, he affirmed in his speech during the virtual meeting of the NITI Aayog governing council chaired by Prime Minister Narendra Modi on Saturday.
Mr Jagan Mohan Reddy said despite his governments’ commitment to providing a business-friendly environment, industrialization in the state has not gained the required momentum of growth due to some constraints which result from the unfair and unequal division of the State of unified AP
He noted that the duplications deprived the state of Tier-I cities, infrastructure, employment opportunities and financial resources. SCS and some other support measures would help the State in overcoming the crisis to a great extent, he noted.
CM expressed his determination to make manufacturers in the state globally competitive by providing performance-related incentives for emerging industries and said the AP has adhered to 229 reforms under the Government of India County Business Reform Action Plan.
Jagan Mohan Reddy called for the speedy approval of the revised cost estimates of the Polavaram project and support for its timely completion to facilitate sustainable irrigation. He said the project was declared a national project and is considered the salvation of states.
The CM further called on the central government to come up with a national policy to encourage the use of reverse pumping technology given the increase in the share of renewable energy in overall energy generation and to allow states that energy enterprises to swap high-cost debt with long-term low-cost debt to ensure the survival of the sector.
He stated that the AP government has recently launched a tender for a 10,000MW solar power project with 2.48 per unit fee for a period of 30 years.
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