Blue print to attract more investments in Andhra: Chief minister

The Andhra Pradesh government is evolving a new industrial policy with focus on redressing regional imbalances, and ensuring that the state's resources are used to maximum, chief minister K Rosaiah said here today.

In the backdrop of International Investment Summit to be held here in March, Rosaiah stressed the need for taking advantage of the summit in promoting entrepreneurs to set up industries in rural and backward areas in three regions of the state ie Telangana, Coastal Andhra and Rayalaseema.

The chief minister, reviewing the industrial development in the state with the minister concerned and officials here, asked the department to expedite the state's new industrial investment promotion policy for 2010-'15.

The principal secretary, Industries, Sam Bob informed the chief minister that the department was studying the policies adopted in leading states like Gujarat, Maharashtra and Tamil Nadu. Extensive consultations are being held with Industries Associations at state and district levels while workshops for analysing Strength, Weaknesses, Opportunities, Threats (Swot) are being held.

The new industrial policy is being prepared in consultation with leading industrial houses and ISB, he added.