Hyderabad Inc unfazed by Andhra split, says new investments will flow
Sudhir Reddy, chairman and managing director of IVRCL said he is for a unified Andhra, “Size is what matters and India is a poor country. Has anything happened after the bifurcation of Madhya Pradesh to form Chattisgarh? Or even Bihar and Jharkhand? However, I am quite confident that investments will flow into wherever there are business opportunities. I do not see any impact on the investments that have already been made in the state of Andhra Pradesh or for that matter that would come in the future even after the bifurcation exercise is completed.”
Harish Chandra Prasad, chairman of Confederation of Indian Industry (Andhra Pradesh) airs a similar view. He said, “I spoke to couple of Telangana leaders and they said that they will extend red carpet to all the investments that come into the coastal Andhra and Rayalseema regions. I am sure the leadership would be mature enough to ensure that the investments do not go to the other neighbouring states.”
But company heads like Reddy wants the current uncertainty to get over soon. “What needs to be done is remove the uncertainty in the minds of ‘aam janta’. Leaders should come out clearly on what they exactly want”.
The stakes are high. Andhra Pradesh has scored high on most state-wise ranking of Indian provinces. According to CII
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