Andhra industry urges new leadership to focus on development

The corporate names from Andhra Pradesh while honouring the mandate of the people in the two states, impressed the leaders of both states on strong growth and development.

Some of the big industry names from the state like GVK Infra, Cyient Ltd (formerly Infotech), Progress Software, share their reactions to the new political equation in the state and at the Centre.

"The election results reaffirm the country's faith in democracy. We are confident that with a strong mandate, the new government will do well and will implement economic policies that benefit the country's people and its industry," said GVK Reddy, founder chairman & managing director of GVK Power and Infrastructure Ltd.

C Shekar Reddy, president of the Confederation of Real Estate Developers' Association of India (Credai), said, "We are hopeful the new government will give the realty sector its due priority and recognise the potential employment generation."

The IT sector in the state too has followed the slogan of stability, growth and development. Ramesh Loganathan, president of software body ITsAP, said:"We look forward to working with the government to take the IT industry to even stronger position and get Hyderabad and the state to the top level."

Industry body Fapcci said it was hopeful there would be consistency and openness in the industrial policy, which would lead to stimulus and growth.