Flight of Industrial capital from Telangana ?

Posted : August 12, 2013 at 10:42 am IST by ManaTelugu

Issues  like  the  future of  Power purchase agreements (PPA) singed in  united AP , status of Hyderabad, water sharing  and the issue of Single VAT will dominate the  industrial sector  after the  bifurcation of Andhra Pradesh . Industry Minister Geeta Reddy however assured that   there would be no flight of capital and investment from Telagnana or from Seemandhra after the bifurcation is over .

Although rosy picture is painted   Telangana  without water reserviors and power plants  will suffer  with flight of capita, unemployment and also absnece of energetic industrialists. It appears  that  Seemandhra  will face  deficit of skilled manpower  and  Telangana will have  shortage of power ,water and also  investments  in near future.The industry captains represented by the AP branches CII and FICCI and the FAPCCI, expressed concern about the possible power shortage in the yet to be constituted Telangana state

Though  Geeta Reddy, the  minister who belongs to Telangana, said that similar industrial policies will be followed in both Telangana and Seemandhra as Congress will be governing both the statesm  the industry captains say Telangana would suffer due to   absence of enterprenuers  and investments