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Dr Y S Rajasekhara Reddy
CM described as the "Abhinava Bhagiratha" by industry leaders at FAPCCI meet

Hyderabad|India|:The Chief Minister Dr Y S Rajasekhara Reddy was described as the "Abhinava Bhagiratha" by the Industry leaders. At the FAPCCI annual awards function, President of the Federation Mr Suraj Prasad Agarwal described the Dr Y S Rajasekhara Reddy as the "Abhinava Bhagiratha" for initiating massive irrigation projects and developing vast infrastructural facilities in the State. Mr Agarwal said the Chief Minister is an embodiment of Swami Vivekananda's exhortation "stop not, stop not.........till the goal is achieved" . With single-minded determination, courage and missionary zeal the Chief Minister pursued his mission of "Haritha Andhra Pradesh', the FAPCCI President said.

Mr Agarwal also had a word of praise for the ever-smiling Chief Minister. "Aap yuhi hasthe rahe, Muskurathe rahe, Pyar ke moti yuhi luthathe rahe, ab andhra me kabi na hoga andhera". Earlier in his welcome address, Mr Sudhir Sanghi said "mera bharat mahaan, usi me Andhra Pradesh ki shaan and Rajasekhara Reddy ki jaan". Both the industry leaders hailed the Chief Minister for making Andhra Pradesh a leading destination of the investors.

The Chief Minister in his address said the State Government is taking all steps to fight out the global recession and requested the industry leaders to help the State Government in this regard. He also mentioned that the State Government is planning to increase the spending on infrastructure projects so as to create demand for steel and cement and jobs for workers in the construction sector. Therefore the State Government brought a bill to amend the Fiscal Responsibility and Budget Management (FRBM) to enable the State Government to borrow about Rs.6,000-00 crores for spending on capital and infrastructure projects like irrigation etc. thus creating the much needed thrust to the slowing economy.

The Chief Minister hoped that Andhra Pradesh will continue to be the most favoured destination of investors and sought the cooperation of all the industry leaders in this regard. He congratulated the FAPCCI and particularly the award winning industries and industrialists. Later the Chief Minister presented the awards.

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Reachout's News Bureau
December' 2008

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