BJP Leader Lanka Dinakar
When we speak about the Investments and Employment AP State Ministers’ pastime with stories of egg & quail, rice grains & cooking rice is an axe for youth employment.
India’s progress in foreign direct investment (FDI) attraction has been identified in the PM Narendra Modi regime, Whereas Andhra Pradesh’s foreign investment attraction capabilities have been declined in the CM YS Jagan administration due to attitude and approach in the governance. .
According to the information collected from Department for Promotion of Industry and Internal Trade, Foreign Investment Facilitation Section, Ministry of Commerce & Industry, through the Right To Information Act, Dated : 31st October 2022 after Jagan’s visit to Davos, not a single dollar of new Foreign Direct Investment (FDI) has come to Andhra Pradesh. In the month of September,2022 Chief Minister Jagan and Ministers had propagated in the different press meets that thousands of crores of investment achieved by their efforts for the state of Andhra Pradesh, But the present situation is still same as far as FDI attraction to our state is concerned..
Previously, According to the information collected from DPIIT through the Right To Information Act, Dated : 28 July 2022 for obtaining the details of new investment MoUs, at that time also information received under RTI as not a single dollar of foreign direct investment (FDI) has come to Andhra Pradesh and the same answer has repeated in the latest information from the RTI, dated : 31st October, 2022.
Statistics for the last four years show that Andhra Pradesh has failed to attract the foreign direct investment (FDI) by the present government. Where is Andhra Pradesh rank in FDI attraction if Maharashtra, Karnataka, Gujarat, Delhi, Tamil Nadu and Haryana are among the top six in attracting FDI in 2022 and 2023? 14th place for Andhra Pradesh in the country, what is this unfortunate situation? Where, Karnataka 187 percent, Delhi 50 percent, Tamil Nadu 30 percent and Haryana 67 percent achieved growth in FDI attraction in 2021-22, What is Andhra Pradesh’s FDI attraction in 2020-21 in terms of dollars ? and What was the FDI growth in 2021-22? , then the condition of 2022 -23 is miserable and far away from even few backward states.
As per the information available, Our country’s foreign direct investment (FDI) in 2019 – 2020, 2020 – 2021, 2021 – 2022 and 2022 -23 was 74.39 billion dollars, 81.97 billion dollars, 83.57 billion dollars and most probably 90 Billion dollars respectively, that is, about 330 billion dollars came together for the last four years. At the same time, Andhra Pradesh’s share in FDI of the country from 2019-2020 to December 2022 totaled only 759.91 million dollars during the last three years and nine months under CM Jagan Reddy’s governance, Even this amount of FDI was flowed from the agreed projects pertaining prior to 2019 only. Hence, present State Government of Andhra Pradesh utterly failed to attract FDI.
The central government company National Hydro Power Corporation though expressed their interest to carry the 6600 MW Power Projects consists of 6 projects have been diverted by the Andhra pradesh State Government to CM Jaganmohan Reddy’s blue eyed company Indocell tied up 2.50 lakh acres of land for hydro power projects as already necessary GOs issued and then the drama of MoUs with the same company carried in the Visakha Summit. Then how can the legitimate investments flow in to the state. There is a need for inquiry into land grabbing in lieu of investment. Whether MOUs enter after the GOs issued after allotment of lacks of acres land.
International investors are not coming to the state due to governance failures of the YCP-led state government like scrapping Capital Amaravati , Reverse Tendering policy had created bad image among the International Investors and created a fear atmosphere among the investors and lack of proper attention to industrial infrastructure development for NIMZ (National Industrial Manufacturing Zone)at Kanigiri and Yerpedu and Donakonda Industrial Corridors approved by the Central government. Along with this, Even if the central government approves a bulk drag park for the state, the state government fails to complete the works quickly to attract investors and YS Jagan and his party representatives shall be realised that Investments mean their kin and kith business investments.
