President of the 16th Finance Commission Arvind Panagariya who addresses the representatives of commerce and commerce, in Tipruati on Thursday.
The AP Chambers of Commerce & Industry Federation (AP Chambers) has requested from the 16th Finance Commission to increase the return of central tax revenues to states such as Andhra Pradesh, which are industrial upside down and economically weak and do not have.
He has also urged the Finance Commission to extend his support in taking advantage of tax exemptions and subsidies for seven backward districts according to the 2014 AP State Reorganization Law.
During a meeting with the president of the Commission, Arvind Panagariya, in Tipruati on Thursday, a delegation of the AP Chambers, led by its president P. Bhaskar Rao, said that the per capita income of Andhra Pradesh was lower among the southern states, largely due to the bifurcation of the State, and that his contribution to the National GDP was almost the stay in the last four years.
In addition, the progress in the construction of the Amaravati and Polavaram Capital Project, the establishment of the new railway zone and the development of the port of Ramayapatnam had been late due to financial limitations. Keeping this in view, the commission must try to assign additional funds for the development of the State when dealing with it as a special case, he said.
Infra development
In addition, the delegates of the AP Chambers requested that the Commission grant funds liberally for the establishment of the MIPYME parks, to allocate a certain percentage of the additional fiscal return to the development of the industrial infrastructure, to allocate funds for the establishment of central research institutions such as the Institute for Central Technology of Food and National Institute of Technology of Food and Management and Management Technology, Banana and Mango, Banana and Mango. Port of food technology, runs, running technology runs and integrated connectivity between roads, railways and ports.
Mr. Bhaskar Rao suggested to the commission to examine the proposals of ‘One Nation – One Fuel’ and ‘One Nation – One Energy’ rates to eliminate disadvantages in the development of states such as Andhra Pradesh, reserve a pornion of addions and the allocation of funds of funds for the development of a manufacturing area and an area of aerospace manufacturing in the area of VIOS.
Published – April 17, 2025 08:37 PM IST