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State Negates Proposals Of Unwilling Companies

The state government will cancel agreements of industries not showing interest in setting up shop in AP.
Hyderabad | 30th January 2013
The state government has decided to cancel all agreements of industries not showing interest in setting up shop in AP.

The decision was taken at a review meeting today, which was attended by Chief Minister N Kiran Kumar Reddy, Industries minister J Geeta Reddy and other officials.

During the meeting, proposals and MoUs that came up during the Partnership Summit held last year came up for review.

Of the 115 projects, 13 companies did not adhere to the rules, Geeta Reddy said.

"We have also decided to cancel the MoUs of companies that are not showing interest," she said. (INN)
filed in:  Industry & Business
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