The state of Andhra Pradesh was an investment hub when Amaravati was announced as its capital during the TDP regime. A top South Korean company, considered to be one among the top-10 logistic companies in the world, considered Amaravati to open one of its stick points.
The company needed a land of 75 Acres in Amaravati and even proposed the same to the YSRCP government. However, the government has put this proposal on pending for months together, which has now made the company want to open its stock point on the outskirts of Hyderabad.
As it is not possible for any company to get huge acres of land in places like Vijayawada and Guntur, Amaravati was the only viable option. And with Amaravati the capital of AP during TDP’s regime, everything seemed perfect.
However, as is already known, Jagan intends to scrap Amaravati entirely and is more focused on elections, vote bank politics, and Navaratnalu schemes, which is now hurting the trade and investment sector in Andhra Pradesh.
At a time when the Andhra Pradesh government is suffering from neck-deep debts, it might be a smarter option to consider more investors, but the government is totally neglecting that option. With Jagan delaying the South Korean company’s proposal, Telangana is now at an advantage.