Andhra Pradesh, Telangana lawmakers embark on hostile campaign to woo investors
Top bureaucrats of both states are busy on whirlwind tours across the country trying to woo industry giants, competing fiercely with each other.
Telangana lawmakers allege that Andhra Pradesh is indulging in sneaky campaign through investor presentations against India's newest state on power shortages, while their counterparts accuse them of attempting to create confusion over special category status and incentives.
In what could perhaps be considered a first in a country that is known for red tape, top bureaucrats of both states are busy on whirlwind tours across the country trying to woo industry giants, competing fiercely with each other.
Senior Telangana Rashtra Samithi minister T Harish Rao accuses the ruling AP leadership of indulging in a smear campaign on power woes of Telangana through power point presentations to prospective investors, primarily aimed at damaging the prospects of new state.
“The investor community, however, has realised the designs of AP ruling party leadership and has accordingly began looking at Telangana as their investment destination given the infrastructural advantages the state offers,“ Rao says.
Refuting these allegations as baseless, Andhra Pradesh IT minister Palle Raghunatha Reddy told ET: “We are only highlighting the large scale incentives associated with the special category status and vast business opportunities, apart from proven track record of investorfriendly and visionary leadership of Andhra Pradesh Chief Minister Chandrababu Naidu“.
Expressing serious concerns over the way the two states were crossing limits to lure industries, the chief executive of a large infrastructure firm said: “The two states should immediately stop their ego wars and look at adopting a sustainable investment strategy for a balanced and inclusive growth. Otherwise, smart investors will pit one state against the other to gain substantially in the process“.