President AP Chambers Potluri Bhaskar Rao calling media in Vijayawada on Thursday. | Photo Credit: KVS Giri
AP Chambers Business and Industrial Federation (AP Chambers) asked the government to clean industrial incentives of almost 5,000 crore as a one -off payments, at least by the end of September, so it will be a huge relief for them when 50% of US rates are at risk.
The establishment of a depository account for rewarding incentives was a great idea, but the payment should be made at the earliest, as delayed, the President of AP Chambers Potluri Bhaskar Rao said he addressed the media along with the Secretary General B. Raja Sechar.
Mr. Baskar Rao said that industrial sectors, especially Micro, Small & Medium Enterprises (MSME) have been concerned in recent years by a sharp increase in production costs and their situation has been impaired by the US and the recent global economic slowdown in geopolitical voltages.
Spike in fuel, energy costs
He pointed out that the increase in fuel and energy cost the industry hurts, which represents a large number of Logistics in Andra Pradesh, which was 13% to 14%. Diesel prices were 6 to 7 GBP more than in many other countries.
Mr. Baskar Rao said that industrial energy tariffs per unit in Andhra Pradesh were relatively higher by 11 to 12 GBP.
In this context, the main Minister of N. Chandrababu promised Naida that he would not increase tariffs and may try to reduce them by up to 1 over the next four years. If he could fulfill this promise, the resulting reduction in energy costs would provide the industry, he added.
Furthermore, Mr. Baskar Rao said that AP Chambers appealed to the government to review the outdated standards related to pollution and fire will, and consider providing a night every five years, instead of taking annual compliance measures.
Bhaskar Rao said in the comments on American tariffs that the aquaculture and textile industry would have to suffer if the US President continued with 50% of tariffs and even the export of rice (the US) would be seriously affected.
The Union’s government would do well to implement GST reforms, renew some export subsidies that have been excluded, reduced interest stress, provided work capital assistance and took further measures to help industry based on the storm while concluded.
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Published – August 21, 2025 17:49
