South Korean top logistics company shifts from AP to Telangana!

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The AP economy is already reeling under worst crisis due to cash dole out schemes of YSRCP government without creating assets and employment and also due to corona pandemic for the last one year.

The AP government’s priority should be to encourage industrialisation and employment generation to revive the economy.

But sadly, the YS Jagan government is focused more on elections and vote bank politics and Navaratnalu schemes.

A top South Korean company, considered to one among the top-10 logistic companies in the world, has planned to set up its stock point in Andhra Pradesh.

It submitted a proposal to AP government seeking 75 acres land in Amaravathi.

But the Jagan government kept this prooposal pending for months.

Upset with it, the company has now decided to shift the stock point to Hyderabad city outskirts.

The establishment of this company in Amaravathi would have provided direct and indirect employment to several thousands of people besides contributing huge tax revenues to AP government.

But Jagan who is on a mission to kill Amaravathi right from Day-1 of becomng CM in May 2019, ignored the company’s proposal to set up stock point in Amaravathi.

Since getting 75 acres land in Vijayawada, Guntur is difficult and expensive, the company proposed to set up its unit in Amaravathi, where the government has huge parcels of vacant land that was mobilised during TDP regime for the construction of Amaravathi capita

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11 COMMENTS

  1. 6093 కి వేల ఎకరాలు ఉన్నాయి. హైదరాబాద్ లో , వాడికి ఆంధ్ర ఎట్ట పొతే ఏమి. హైదరాబాద్ పెరిగితే చాలు , ఆంధ్ర సంక నాకి పోయిన సంతోషమే. ఎన్నాళ్లు బయట ఉంటాడో తెల్వదు కదా !

  2. As if the current govt. cares!
    For some one who said they would develop all 3 regions, wouldnt take such calls.

    Only a desparate move to not have developement in this area, makes the current govt take such calls.

    You should be surprised if the govt. takes any pro developement call. Acting against these initiatives, just because it was initiated by the earlier govt. A rational person who thinks about the state wouldn’t do that.

  3. Losing investments in a state which direly needs those tells the government stand on development

    They just don’t care, they only want power to rule that’s it. Nothing matters

    • they are not moving . they planned 50 to 70 logistics hubs in all the states including AP , TS and Karnataka , TN etc . they are just starting TS also . By using this news ABN and fake websites started fake news .

      • Assume your opinion is correct ,why are they not setting up in amaravthi. Whether any official from government requested them for past 2years to setup the branch

        • did they told they are moving . where is the official news except ABN and other TDP websites there no official news . where is the official news on setting hub in TS . i did not see any news except TDP managed websites .

  4. in coming months AP will not get any more loans and will struggle to pay employees and pensioners thats when every one will know how bad the current governance was but nothing can be done

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