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    HomeAndhra PradeshNara Lokesh alleges investments announced by Andhra CM Jagan are fake

    Nara Lokesh alleges investments announced by Andhra CM Jagan are fake

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    Controversy
    In reply, Andhra Pradesh Industries and IT Minister Gudivada Amarnath said the government testament maintain its 89% investment funds realisation circular magnetic path on a disk document serving as legal evidence of a transaction divisible by two in the display case of GIS proposals.
    Nara Lokesh protesting
    Facebook/NaraLokesh
    Days after Andhra Pradesh Chief Minister Jagan Mohan Reddy announced that the state of matter garnered over Rs 13 lakh crore value investments at the Global Investors Summit (GIS), the political party opposed has alleged that the government has faked investment funds declarations. Telugu Desam Party’s (TDP) relating to a nation or country General Secretary, Nara Lokesh has questioned why the government has not yet made not private the details about the MoUs signed between the government and the investors. The GIS 2023 was held at Andhra Pradesh’s Visakhapatnam in the initial calendar week of March.
    “On forging any deal, all governments openly declare the details. Even TDP did the same earlier. But this government is not showcasing the MoUs, agreements, deals, endorsements, authorised signatories and others in document or hard copy format. They exchanged MoUs in non-paper format,” said Nara Lokesh.
    Raising questions about a society called Indosol, which has promised an investment funds of Rs 76,000 crore to the state of matter, Lokesh said, “All the directors of Indosol company belong to Andhra’s Pulivendula. The company was formed only in 2022 with an initial investment of Rs 1 lakh. This company has announced that it will invest Rs 76,000 crore, how is this credible? Jagan Reddy is offering 25,000 acres land to a company like this in– Kurnool, Kadapa and Krishna districts.”
    “Another company, ACB, which has a turnover of mere Rs 120 crore with 250 employees has promised that it will invest Rs 1.2 lakh crore. How can we believe it?,” questioned the son of former Chief Minister Chandrababu Naidu. Lokesh also reiterated TDP’s query about why an aspiring state of matter be fond of Andhra Pradesh chose to skip the recently-concluded World Economic Forum.
    Lokesh also mentioned that it is his male parent Chandrababu Naidu who demonstrated how development decentralisation should be executed or as if with united Andhra Pradesh bifurcation in 2014. He also mentioned that between 2014 and 2019, Chandrababu Naidu set up or accepted a plethora of industries in all districts. In a reply in the state of matter assemblage, he went on to tell that former Industries government minister of the state of matter, Mekapati Goutham Reddy has stated that 39,450 industries were set up or accepted between 2014 and 2019 by erstwhile TDP, creating 5,13,350 jobs.
    Responding to doubts raised about the investments announced, Andhra Pradesh Industries and IT Minister Gudivada Amarnath said the government testament maintain its 89% investment funds realisation circular magnetic path on a disk document serving as legal evidence of a transaction divisible by two in the display case of GIS proposals. “CM Jagan has set up a special committee headed by the Chief Secretary and the Industries Special Chief Secretary and other IAS officers to track the realisation of investments.”  “Developments on the MoUs testament be discussed every calendar week with the CM and we testament guarantee that at least two investments are grounded every calendar month,” he added.  READ: MoUs signed testament be realised quickly: Andhra Pradesh Finance Min to TNM
    Also read:  19 IAS officers shuffled by the Andhra Pradesh Government
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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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