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AP committed to 9-9.5 pc growth target: CM

Posted by on June 10, 2011 0 Comment

Bangalore: Chief Minister N Kiran Kumar Reddy on Friday said that Andhra Pradesh is committed to set an ambitious target of 9-9.5 per cent growth rate for the 12th Five Year Plan period (2012-13 to 2016-17).

Speaking at the Regional Consultations of Chief Ministers of Southern States on the Approach Paper to the 12th Five Year Plan at Bangalore on Friday, Mr Kiran Kumar Reddy said that during the 11th Plan period all the three sectors of the economy in the State have registered impressive growth and Agriculture sector posted an average growth in excess of 6.5 per cent during the four years of the 11th Plan so far.

Mr Kiran Kumar Reddy also reminded that Andhra Pradesh had received a number of severe jolts to its economy due to a succession of natural calamities, putting on it a cumulative strain estimated at Rs 20,000 crore but the secret of the state’s recent success is the effective implementation of FRBM Act.

He said a prudent financial management through efficient mopping up of resources and their judicious deployment has continuously decreased fiscal deficits and eliminated revenue deficit altogether.

Mr Kiran Kumar Reddy said Andhra Pradesh is the only State to have implemented comprehensive Participatory irrigation management policy with 100 per cent water tax ploughed back, whereby the operations and management of irrigation has become self sufficient.

The Chief Minister said that the State is always committed to implement all the developmental programmes that are useful to the larger section of the society, especially the under-privileged with a broad inclusive strategy during the 12th Plan period.

The Chief Minister, applauded the Planning Commission for their efforts in getting the views of different segments of the Society in its endeavour to involve the larger public in the Planning process, said that “the interesting feature of our growth story during the 11th Plan period is the fact that all the three sectors of the economy have registered impressive growth.”

“We are planning to encourage high value commodities and promote agro-processing industry and agri-business. Our concern and focus during the 12th Plan would be on improving the functioning of the institutions related to markets, credit and agricultural research and enhancing investment in infrastructure, viz. cold storage facilities, roads, ports. Our plan is to have 835 cold storages in place in 5 years,” he said.(INN)

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