The Telugu Desam Party has alleged that the Foreign Direct Investments (FDI) in the State have come down steeply in the course of the YSRCP rule.
Addressing a press convention on Tuesday, TDP official spokesperson Neelayapalem Vijay Kumar mentioned the FDIs to the State had nosedived to a precarious 14th place in the nation. Referring to data offered by the Ministry of Commerce, Investment & Promotion Board, he mentioned that the full FDIs obtained by Andhra Pradesh throughout October 2019- December -2022 December) was simply ₹5,751 crore. It was ₹3.74 lakh crores in Maharashtra, ₹3.21 lakh crore in Karnataka, ₹2.34 lakh crores in Gujarat. Even neighbouring Telangana obtained ₹34,000 crore.
“Why the traders misplaced confidence in A.P. The State authorities must introspect, he mentioned.
Chief Minister Y S Jagan Mohan Reddy had not made any efforts in attracting the FDIs to State. He attended the Davos Investment Summit solely as soon as and abstained for the second time, he alleged.
Even the paltry investments that got here in the primary summit have been made by Indian corporations similar to Adani, Aurobindo and so on., who went all the best way from India to signal the MoUs in Davos thus giving a color of FDI, he alleged.