Vijayawada: Federation of Andhra Pradesh Industries (FAPI) president BV Rama Rao announced that the State industries meet would be held at Hyderabad on March 24.
Speaking to media persons here on Wednesday, Mr Rama Rao said that Chief Minister N Kiran Kumar Reddy will inaugurate the meet. He called upon all the industrialists to represent their problems, particularly the power cut problem in the State.
He demanded that the government give short-term relief from the bank loans in their repayment schedule. He regretted that the government was not able to supply power even to the industries. He stated that production of the industries has come down by more than half due to power cut, as a result of which industrialists were not able to repay to the banks.
He regretted that now nearly 4,300 industries are affected by the power cuts in the State affecting more than 30 lakh employees. The future of Rs 1.22 lakh crore worth of industries in the State was at stake due to the power cuts, he added.
He said that industrialists would not be able to repay their loans to the banks if the power cut continued. He also said that most of the industries would become non-performing assets if this situation continued for a couple of months. He asked the government to allow the six months’ relief period for the industrialists to repay their loans.
He asked the government to separate agriculture and industrial feeders at the earliest for continued power supply to the industry. He also asked the government to instruct the Transco to sign an agreement with the industries for regular power supply.
He suggested to the government to take steps for establishing industries only in industrial parks. Licences should also be given to the industrialists to establish industrial parks only, he added. He maintained that the power problem would be solved only if captive power plants are developed in industrial parks.
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