PNS|Vijayawada
Strongly condemning what he called a smear campaign against NRIs investing in Andhra Pradesh, Vijayawada MP Keshineni Sivanath (Chinni) issued a stern warning to Pulivendula MLA YS Jagan Mohan Reddy and his associates. Speaking to the media persons at the Vijayawada Parliamentary office on Friday, Sivanath said such actions would not be tolerated.
Sivanath said that many NRIs are returning to invest in Andhra Pradesh purely because of their faith in Chief Minister Chandrababu Naidu’s vision and leadership.
He criticised the YSRCP for trying to drive away these investors with baseless allegations, accusing them of orchestrating political drama to distract from the massive corruption during Jagan’s tenure.
Highlighting the difference in governance, Sivanath said that during YS Jagan’s five-year rule, not a single major company was brought into the State, while the TDP government has already attracted over ?7 lakh crore in investments, creating jobs and development.
He detailed questionable land deals during Jagan’s regime, including prime land in Visakhapatnam allegedly given at undervalued prices to real estate companies. Sivanath demanded answers from Jagan and his team, accusing them of acting against the State’s progress.
The MP came out in strong defence of Ursa Company, currently investing in a ?5,196 crore Data Centre project in AP. He pointed out that the promoters of the company had strong track records and a combined net worth of ?3,700 crore. Sivanath challenged Jagan to prove claims that government land was allocated for just 99 paise.
Criticising Jagan’s lack of understanding about industrial processes, he said that companies set up offices only after formal agreements with the government. He ridiculed Jagan’s 21 “suitcase companies” with no real presence, calling it a scam.
The MP further appealed to NRIs and industrialists to ignore political theatrics and continue investing in Andhra Pradesh. “Anyone who troubles investors will be dealt with sternly,” he warned, reaffirming his full support for the State’s industrial growth.
