After obstructing the world-renowned Fortune-500 company Franklin Templeton from setting up operations in Vizag for two years, the YSRCP government in Andhra Pradesh seems to have realised its mistake.
Chief Minister YS Jaganmohan Reddy is now sending letters to Franklin Templeton inviting the company to launch operations in Vizag and also offering land for the purpose.
The previous TDP government headed by CM N Chadrababu Naidu worked day and night to bring Franklin Templeton to Vizag.
In 2017, the TDP government allotted 40 acres and other incentives following which the company agreed to set up operations in 2018.
But after TDP lost power and Jagan became CM, the problems began for Franklin Templeton.
The Jagan government alleged scam in land allotment and allotted 40 acres of Franklin Templeton to other company.
But after two years, Jagan realised that there was no scam in land allotment.
He directed industries department to invite Franklin Templeton to Vizag.
Industries department officials have written to Franklin Templeton offering 25 acres in Vizag to set up operations.
It remains to be seen how the company will respond to this invite now.
during TDP time TDP leader consultancy joint venture with Franklin Templeton and trying to start company . Now current gov directly requested the original company to invest in AP . there is lot of difference .
TDP wants quick backs from any company which was invested in AP .
Correct! Correct!! Govt! also gave the same reason!!! Possibly only to close friends like you and not to the general public. Because they thought people won’t be able to understand such things!!
why joint venture formed just for investing in AP . do you know second company . it is from one of TDP guy who is working in USA . it is bogus company . why cont Franklin Templeton directly invest into AP ?
shameless liar Franklin Templeton never had any JV. The vizag unit was to develop next gen financial tools. how do you guys even think of telling such shameless lies
please read carefully . it is joint venture company .
Can you share official government advertisement on this . Can not trust any allegation on TDP any more with out valid evidence.
Yes i have read it and I am part of vizag ITAP organization so i know every thing about it
such a shame that even educated people fall for false and baseless allegations.
all the incentive to it IT companies are removed nearly 30 small companies left vizag and went to hyd and kerala
Why can’t a single legal case be filed then?
Atleast a fake FIR and media hungama should be there if there is something wrong.
Why nothing?
you cant prove all these … Proving direct scams itself very diff . you are talking this . ha ha
When you can not prove some thing how can it be true. You think what ever you speak is true.
If TDP was involved in such cases there will be more charge sheets on CBN than Jagan Mohan Reddy. Think logically with valid evidence to justifiy your words.
Funny news!!!