YSR allays fears of U.S. firms


Chief Minister Y.S. Rajasekhara Reddy has allayed fears of industrialists about the security to the industries in the State.

At a breakfast meeting with leaders of American Chamber of Commerce in India (AMCHAM), an exclusive association of U.S. companies operating in the country, here on Friday morning, Dr. Reddy said: “We have formed a new force called OCTOPUS to deal with terrorists and their activities.”

“With the cooperation of Centre, we will take all possible steps to protect the interests of the investors and the industrialists,” he said. Dr. Reddy said the State government would be proactive and would do everything to attract investments in the State. He agreed that there was much more to be done in the area of public transport.
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