Might benefit TilakNagar industries.
What we have understood from reports is that in Andhra Pradesh, they expect to announce the excise
policy to be effective from October 1. And in terms of direction in which it is headed, it is difficult to
really predict. But what we can recollect is from the current CM’s earlier regime, he was quite
progressive. In fact, he encouraged participation from all players and was interested in growing the
industry. It was more of a relationship where industry grew and government revenues also grew. We
can expect something progressive which will be beneficial for the industry as a whole.
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