Naidu Seeks Special Treatment for Andhra

Published: 13th September 2014 06:00 AM  |   Last Updated: 12th September 2014 11:15 PM   |  A+A-

TIRUPATI: Chief Minister N Chandrababu Naidu on Friday submitted a wish list to the 14th Finance Commission, which includes a special package for Andhra Pradesh, debt relief of `10,400 crore and a special grant of `1,00,213 crore to help the state build a new capital near Vijayawada.

In his near 45-minute power-point presentation to the five-member panel led by former RBI Governor Y V Reddy here, Naidu outlined his ambitious target of placing AP among the top three states by 2022 and as numero uno by 2029, he explained that the state would need `4 lakh crore to build a world-class capital.

For this, he sought the Finance Commission to recommend a special grant of `1,00,213 crore for the state during the next five years besides an additional grant of `41,253 crore for backward regions, especially Rayalaseema and north coastal AP, plus fiscal incentives to promote industrialisation.

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