Hyderabad: On Sunday, KT Rama Rao, the working president of the BRS, expressed serious concerns about reports suggesting that the Amara Raja Group might leave Telangana. This potential move could happen if the government does not fulfill its promises to the company.
Rama Rao highlighted that if these reports are true, it would be a major loss for Telangana. Since the Congress government came into power, several companies have already left the state due to unclear policies. For example, Kaynes Technology moved from Telangana to Gujarat, and Corning Company relocated its plant to Chennai. Now, with Amara Raja also considering leaving, it could harm the reputation of Telangana, he said.
He stressed that political ambitions should not compromise the state’s interests. Government policies must focus on attracting and keeping investments. Considerable effort went into persuading Amara Raja to invest Rs 9,500 crore in Telangana. Rama Rao expressed hope that the Congress government would uphold the commitments made by the BRS government to investors in the state.
Rama Rao also criticized Chief Minister A Revanth Reddy for his comments about the state being in a debt trap, comparing it to aid or cancer patients. KTR accused him of causing harm with such ‘ridiculous remarks’. He noted that Telangana remains one of the top revenue-generating states in India, boasting the highest per capita income.
