According to the statements made by Andhra Pradesh Industries Minister Gautam Reddy, the investments that were made in AP in the last two years are much higher than the investments that were made in other states like Telangana, Karnataka and Tamil Nadu. He said that AP received investments of Rs 34,696 Crores in 2019, Rs 9,840 Crores in 2020 and Rs 1,039 Crores so far, in 2021.
Reddy said that it’s a huge deal that AP received nearly Rs. 40,000 Crores investments in the last two years, something that Telangana and Karnataka could also not achieve. A company like Kia invested Rs. 10,000 Crores for the development of its industries, just for the first phase. With the minister stating that there has been an investment of Rs. 40,000 Crores, 3 other companies, apart from Kia, should have invested in AP. If that is not the case, then there should have been investments at least in the MSME sector. Whatever the source of these investments is when there was as much as Rs. 40,000 Crores worth of investment, the AP government should have been very proud of it and should have made a grand announcement of the same, but it miserably failed in that department.
Also, if there were such large scale investments, then a number of job opportunities should have been created in the state as a result, but that’s not the case either. If the YSRCP government makes a public announcement of the various investments that took place in AP, then there wouldn’t be any opposition from other parties, and ther wouldn’t be any doubts either. Previously, there were announcements of the establishment of an Intelligence, some industries in Pulivendula and a bus manufacturing company in Anantapur. After the announcements, no one knows what happened to these companies.
It also came to light that a number of small scale industries had to shut down due to the lockdown and economic recession in the last two years, but the AP government has an entirely different story. Several experts feel that it’s the right thing to be as transparent as possible, with the people of the state during a period like this.
