Naidu, perceived as a reform-minded chief minister, announced that his state will mobilise Rs 37,900 crore to fulfil the loan-waiver promise.
K Chandrasekhar Rao had announced in the assembly last month that L&T will not be allowed to proceed in the elevated format at key heritage structures.
The government expects the move to help Hyderabad attract players in the Indian aviation sector, which is going through turbulent times.
The development comes after Telangana CM K Chandrasekhar Rao said on Monday that Hyderabad needs two more airports — one each at Shamirpet and Ghatkesar.
The Telangana govt is readying for a showdown with the Centre over the powers of the governor, after locking horns with New Delhi over an ordinance.
Top bureaucrats of both states are busy on whirlwind tours across the country trying to woo industry giants, competing fiercely with each other.
Two recent decisions -both reversals of stands by the previous government of united AP -are being cited as examples of Telangana's cussedness.
KTR says Congress could have done a better job on a lot of accounts -on bifurcation of employees, pensioners, status of Hyderabad, assets and liabilities.
The new government in Telangana is making it loud and clear that it’s willing to play hardball and is pulling out all the stops to transform Telangana.
Raju and the nine others accused in the alleged accounting fraud have hired some of the country’s most high-profile legal experts to argue their cases.
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