Andhra Pradesh CM Chandrababu Naidu presses enhanced business assistance for debt-ridden State to Union Finance Minister Nirmala Sitharaman – Journal Global Web

Ahead of the Union Budget presentation, Andhra Pradesh Chief Minister N Chandrababu Naidu on July 5 met Union Finance Minister Nirmala Sitharaman, imperative for enhanced business hold to the debt-burdened State.

Sources said Mr. Naidu, during the gathering in North Block, highlighted different current projects in Andhra Pradesh that order imperative bicentric assistance.

“The CM presented a careful note outlining the state’s business requirements and the explanation behindhand the obligation for accumulated allocation,” the sources added.

TDP ministers in the Centre were inform during the meeting.

Mr. Naidu also met Defence Minister Rajnath Singh and Health Minister J P Nadda.

According to the land polity data, the open debt of Andhra Pradesh has accumulated from 31.02% of the Gross State Domestic Product (GSDP) in 2019-20 to 33.32% in 2023-24 fiscal, indicating diminution in the business upbeat of the land in the terminal fivesome years.

Key among Mr. Naidu’s demands were assets for the Polavaram irrigation project, primary resource for sweptback regions, and hold for the utilization of the newborn capital, Amaravati.

The Chief Minister also wanted partitioning of pending issues stemming from the bifurcation of the onetime Andhra Pradesh.

The gathering assumes meaning as it comes meet weeks before the show of the Union Budget 2024-25.

The sources indicated that Ms. Sitharaman gave a enduring chance to Mr. Naidu’s concerns and gave an sureness that she module countenance into Andhra Pradesh’s demands within the broader business constraints.

Mr. Naidu has been communicatory most the State’s business painfulness and wanted accumulated bicentric hold to flow over the business challenges, when he met with Prime Minister Narendra Modi and individual Union Ministers on Thursday.

The Naidu-led Dravidian Desam Party is a pivotal relation of the NDA with its 16 Lok Sabha MPs activity the Narendra Modi-led government.