‘Partnership Summit a flop’

HYDERABAD: The Telugu Desam has termed the Industrial Partnership Summit conducted by the state government to attract investments into the state as an exercise in futility. “There is pol

Published: 15th January 2012 04:04 AM  |   Last Updated: 16th May 2012 06:15 PM   |  A+A-

HYDERABAD: The Telugu Desam has termed the Industrial Partnership Summit conducted by the state government to attract investments into the state as an exercise in futility.

“There is political uncertainty in the state due to the demand and agitation for Telangana and there is no guarantee that N Kiran Kumar Reddy will continue as chief minister. So, investors have lost confidence in the state,” TDP senior leader Gali Muddukrishnama Naidu told reporters here on Saturday. “The chief minister had said that the summit would provide G to B (ground to business) for investors but in reality the summit was ‘ground to bogus’,” he alleged.

“The prime minister had laid the foundation for a joint venture factory of NTPC-BHEL in Chittoor some time ago but the state did not even provide water supply and road connectivity. The project is yet to start. One can understand the fate of other projects. BDL shifted a factory, which it had proposed to set up in state, to Maharashtra as the state government did not allocate land in Ranga Reddy district.’’

At the Partnership Summit the chief minister announced projects like  power grid and sub-stations, he said. No new projects would come to AP if it stays under Congress rule, he said.

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