The World Economic Forum (WEF) has been a crucial global platform for the promotion of Andhra Pradesh as a favourable investment destination in India. When AP IT & Panchayat Raj Minister Nara Lokesh recently represented AP on behalf of Chief Minister N. Chandrababu Naidu, a top businessman who has made investments globally gave Lokesh a piece of information that shocked him.
Apparently, the businessman was planning to visit India and Andhra Pradesh to finalise his company’s investment in the state. After knowing about his visit to India, Prime Minister Narendra Modi invited him to Delhi for a meeting. During his meeting with the PM, the businessman was asked to invest in Gujarat. The Prime Minister, according to the businessman, had insisted several times during their meeting that Gujarat would be a favourable destination compared to AP and also spoke about the Bullet Train the Centre is planning from Ahmedabad.
However, the businessman had informed PM Modi that the company had already finalised an investment in Andhra Pradesh based on a case study conducted by their company. The company had done research on Telangana, Maharashtra and Gujarat but went ahead with AP after studying KIA’s investment in the state and its efficiency in granting clearances.
That businessman met Lokesh at the World Economic Forum and during his meeting with the IT Minister, shared this experience. Additionally, the businessman also said that another reason for investing in AP is “Brand Chandrababu” which assures political stability and government’s cooperation in conducting business and obtaining clearances smoothly within a given time-frame.
This piece of information made AP Delegation at WEF feel proud about the CM’s efforts in developing the state and now has become a talk in political circles. If this is true, then Chandrababu’s constant allegations about Modi trying to divert investments away from AP turns out to be true.
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