Andhra Pradesh government is trying hard to get special package status as this will raise the investments in the state further. A new committee is now assigned which is working with TDP leaders like Ashok Gajapathi Raju to work on the special category status.
It seems that AP is likely to get special category status soon. If this happens, we can expect AP to grow further in the next 5 years span. Reduction in taxes will attract foreign and local investments. This will further boom up the IT industry which is more towards tax savings.
Now, all eyes are on the reports of this committee. Nirma Sitharaman is the committee head. She is discussing with several officials on this aspect and this committee may give positive sign soon to the AP state government.
It seems that AP is likely to get special category status soon. If this happens, we can expect AP to grow further in the next 5 years span. Reduction in taxes will attract foreign and local investments. This will further boom up the IT industry which is more towards tax savings.
Now, all eyes are on the reports of this committee. Nirma Sitharaman is the committee head. She is discussing with several officials on this aspect and this committee may give positive sign soon to the AP state government.