vijayawada industry captains in andhra pradesh hope the year 2020 will be a better than the year gone by because 2019 has become synonymous with the word retendering even as the industry waited for the government to release the incentives promised to itthe industry was hoping that n chandrababu naidu and the tdp would be reelected to provide policy stability but the voters decided to give ys jaganmohan reddy and his ysr congress the mandate to govern the state for the next five years in may said a former chairman of ciiap on sundayaccording to him reddy appeared to have focused the first few months of his tenure as cm undoing what his predecessor had put in place the worst thing in my opinion was the practice of retendering or reversetendering of contracts that had been awarded and cancelling contracts signed by tdp government apart from this was the push to renegotiate the power purchase agreements ppas signed with renewable energy producers this served to put a chill on the industry which became fearful about the sanctity of contracts signed by the ap government he said requesting anonymitythe biggest policy change in 2019 was the decision to lock 75 of jobs in the private sector for locals that the nascent information technology sector dreads would sound the death knell of the sectoreach year thousands of computer engineering graduates are recruited by it companies to work in bengaluru hyderabad pune and chennai the four cities where there is traction in recruiting these graduates will not be recruited if karnataka and maharashtra bring in their own reservation for locals as both the yediyurappa and thackeray governments have promised said a senior official of the information technology association of andhra pradesh itaap on sunday requesting anonymity the it sector in ap is not big enough to absorb these graduates at this time he addedthe year was not a complete washout though for the industry or the investment climate in the state in august reddy hosted an outreach programme with the embassy and consular officials from over 30 countries in vijayawada he promised to make the easy of doing business smoother and requested the visitors to encourage their countries companies to invest in the state he also officially inaugurated the carassembly plant of kia motors in anantapuramu district in the agriculture sector syngenta international opened an rd centre in west godavari districtapart from the practice of undoing existing policies the reddy administration was also neglectful about paying the cash incentives promised to investors according to another source in ciiap none of the sectors have been paid the incentives promised in the industrial policy of 201520 since the last one year the impact of this has been particularly heavy on the independent power producers ipps in the renewable energy sector many of the ipps could soon be classified as npas by their lenders says the former ceo of a hyderabadbased ipp with operational assets in apthe industry is looking forward to the new industrial policy