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Naidu's Face Can't Attract Industries!

No industrialist will come forward to set up industries in Andhra Pradesh by looking at the face of Andhra Pradesh chief minister N Chandrababu Naidu. They will only take into consideration the incentives being offered to them, which is possible only if there is a special category status to AP.

This was asserted by YSR Congress party president Y S Jaganmohan Reddy while addressing the Yuva Bheri programme at Guntur on Thursday.

He said special category status would bring a lot of incentives and tax reliefs for investors and this was the only way to attract investments and create employment opportunities and attain sustainable economic development.

He alleged that the Chief Minister has been giving false and baseless figures on the flow of investments as per the MoUs signed at the Partnership Summits.

What one has to remember is the figures shown in the MoUs are not the actual investment figures but only a proposal and there are other phases for completion of the deal.

While Chandrababu Naidu claims that MoUs to a tune of Rs 4.67 lakh crores were signed and investments worth Rs 2.82 lakh crores have come in. But in reality, according to Central government data, in the calendar year 2016, Andhra Pradesh has received only Rs 34,646 crores of IEMs (Industrial Entrepreneur Memorandum). It is not necessary that all the units that filed IEM must set up industries.

He accused Naidu of mortgaging the state interest at Delhi and said the chief minister had sabotaged the special category status.

“NTR must be stirring in his grave as the basic ideology of that party has been distorted,” he said.

We will continue to fight for SCS and our elected representatives will resign once the Parliament session begins to let the nation know about the injustice, he said.

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