TDP says Jagan Regime Makes Debts, Chandrababu Bringing Investments

The Telugu Desam Party has said that while the YS Jaganmohan Reddy regime was marked with making indiscriminate debts, Chandrababu Naidu’s regime reflects brining investments to the state.

TDP state spokesperson Nilayapalem Vijay Kumar said that IT companies are coming back to the state due to the coming of the NDA government. Moreover, he said several prestagious foreign companies like Winfast, Moglix and Vermeeren have lined up to invest in the state.

Stating that this government has brought investments of more than Rs.60,000 crores in 4 months, he said that this is the real Vijayadashami festival and this is the creation of wealth.  Vijay Kumar said that TCS will come to Visakha thanks to the efforts of Minister Nara Lokesh. Foxconn said that they will come to your state when the NDA government comes to power and met with Minister Lokesh.

Unfortunately, he deplored that former chief minister Jaganmohan Reddy is not knowing about Foxconn and Apple manufacturing companies, leave alone of persuading them for investments. He lamented that Jagan Reddy never thought of brining investments and even the companies that came were kicked out of the state.

He said that companies like Lulu, Foxconn and Ashok Leyland, which had moved out of the state under Jagan’s administration, have returned. He said that many famous companies like Brookfield, Oberoi, Godrej, Apollo, Jairaj Ispat, YouTube, Google, XLRI and Celcon have revealed that they are investing in the state today.

Vijay Kumar Duyya recalled that when the TDP government brought prestigious institutions like SRM, VIT and Amrit universities to the state, then Jagan Reddy even did not show interest in forming roads to reach those institutions.

Though Jagan tried to play all the tricks to demolish signs of Amaravati, he said now the centre is promising for its development and international financial institutions World Bank and ADB came forward to provide Rs 15,000 crore assistance.

Moreover, Vijay Kumar said that the Center has approved investments of Rs.2500 crores for Polavaram, Orvakallu in Kurnool district and Kopparthi industrial parks in Kadapa district and Rs.25,000  crores for employment of 75,000 youth.

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