French team leader is Jagan’s biz partner?

Telugu Desam Party led by former chief minister N Chandrababu Naidu might be down and out after its humiliating defeat in the assembly elections, but its social media team appears to be still very active in taking on the YSRC government led by Y S Jagan Mohan Reddy.

For the last two days, a business delegation from France has been in Amaravati holding a series of talks with the state government to work out various business deals.

The 39-member delegation led by Guy Sidos, Chairman and CEO, VICAT Building Materials held talks with industries minister Mekapati Gautam Reddy and other officials on Wednesday and had a detailed meeting with Jagan Mohan Reddy on Thursday.

The delegates evinced interest in diverse sectors smart systems, energy, conservation, food processing and various infrastructure projects.

“The main interest of French delegation is to find investment opportunities in AP,” an official release said, adding that the delegates wanted to make AP their preferred destination in India.

Now, the pro-TDP social media team worked overtime to find out who were all there in the French delegation and especially, the background of Guy Sidos, Chairman and CEO, VICAT, who led the delegation.

And they found that Vicat was the same company which had acquired 51 per cent share in Jagan’s family business concern Bharati Cements in 2010.

“So, Vicat is a business partner of Jagan. When this company wants to invest in Andhra Pradesh, it would clearly indicate that it is indirectly partnering with Jagan’s firms,” says a comment that is doing rounds in the social media.

It said Jagan is roping in his own business partners to promote his own business interests but giving a build-up that he is developing industries in the state, the comment said.

Let us see how the YSRC will react to the same!


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