Seemandhra interests will be protected, assures Jairam Ramesh

March 03, 2014 21:08

Union Rural Development Minister Jairam Ramesh today said that the Centre will fully protect Seemandhra's interests by providing a special package and tax incentives to investors.

Addressing a press conference today, he said that the UPA government would take appropriate fiscal measures, including tax incentives to the successor states, in order to promote industrialisation and economic growth in both the states.

"Incentives would be given only to new investors," he said.

"For purposes of central assistance, a special category status would be extended to the successor state of Andhra Pradesh comprising 13 districts, including the four districts of Rayalaseema as well as the three districts of north coastal Andhra Pradesh for a period of five years," he said.

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