ASSOCHAM Continues to Collaborate with Andhra Pradesh and Telangana to Drive Growth and Development

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10th July 2024: ASSOCHAM organized the 1st Andhra Pradesh & Telangana State Council meeting at Novotel, Hyderabad. Mr. Kataru Ravi Kumar Reddy, Chairman, ASSOCHAM Andhra Pradesh & Telangana State Development Council, and CMD of AXIS Energy Group, presided over the meeting. Mr. Sridhar Pinnapureddy, Co-chairman, Andhra Pradesh & Telangana State Development Council and CMD of CtrlS Datacenters & Cloud4C; and Mr. Bansidhar Bandi, Co-chairman, ASSOCHAM Andhra Pradesh State Development Council and Vice President of Steel Exchange India Limited, also participated in the deliberations.

Mr. K. Ravi Kumar Reddy is the Chairman and Managing Director of Axis Energy Group. He is best known for his entrepreneurial skills in the Renewable Energy industry since the very beginning and is one of the first RE developers to visualize the importance of blending of various sources of power to smoothen the power curve and to overcome the vagaries of solar and wind generations basis which he has conceived the Bundling Banking and Balancing (BBB) scheme which was accepted as a feasible solution. Mr Sridhar Pinnapureddy, CMD of CtrlS Datacentres & Cloud4C, A first-generation entrepreneur, has founded and built to scale several companies in the areas of cloud computing, IT infrastructure, Internet services, green energy, and software development. Mr. Bansidhar Bandi is currently the Vice President (Ops. & Strategy) at Steel Exchange India Limited, a public listed company. He has experience working for the government (NITI Aayog) as well as the private sector, in areas such as steel, energy, natural resources, and circular economy.

 Conducting the first State Council of ASSOCHAM for the year 2024-25, Mr. Ravi Kumar Reddy emphasized the Chamber's commitment to collaborating with the governments of Telangana and Andhra Pradesh to drive growth and development in the Telugu states. "ASSOCHAM will work closely with the governments of Telangana and Andhra Pradesh to identify and address key areas such as sustainability, empowerment, entrepreneurship, and digitization," said Mr. Reddy. "Our aim is to drive inclusive and sustainable socio-economic growth across these states."

 The Associated Chambers of Commerce & Industry of India (ASSOCHAM) is the country's oldest apex chamber, serving the nation since 1920. It brings actionable insights to strengthen the Indian ecosystem, leveraging its network of more than 450,000 members, of which MSMEs represent a large segment. With a strong presence in states and key cities globally, ASSOCHAM also includes more than 400 associations, federations, and regional chambers.

 With more than 100 national and regional sector councils, ASSOCHAM is an impactful representative of the Indian industry. These councils are led by well-known industry leaders, academicians, economists, and independent professionals. "Our focus is to align the critical needs and interests of the industry with the growth aspirations of the nation," noted Mr. Sridhar Pinnapureddy.

 Mr. Reddy shared that ASSOCHAM has prepared a sector-wise roadmap for the rapid economic development of the states by "collating inputs and suggestions from industry leaders and various associations." He further stated, "We are working with the governments of Andhra Pradesh and Telangana to accelerate industrial development. ASSOCHAM will soon submit recommendations for industrial policies to make these states premier investment destinations in the country."

 He congratulated Mr. N. Chandrababu Naidu on his victory in the recent elections in Andhra Pradesh, expressing confidence that "the new government will keep its promises and fulfill the people's hopes and aspirations while tackling the multiple challenges ahead."

The Chamber also supports civil society through citizenship programs to drive inclusive development. "Our member network leads initiatives in various segments such as empowerment, healthcare, education and skilling, hygiene, affirmative action, road safety, livelihood, life skills, and sustainability," Mr. Bansidhar Bandi highlighted.

 Mr. Reddy concluded by emphasizing the growth potential of Andhra Pradesh and Telangana. "These states are among the fastest growing in South India, and the ASSOCHAM State Development Council will explore opportunities in core industries by working closely with the government," he said.

 Mr. Macha Dinesh Babu, State Head – Andhra Pradesh and Telangana, ASSOCHAM, delivered the concluding remarks. Around 30 State Council members participated in the council meeting.


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