BRS Critiques Telangana CM for Lack of New Investments
Senior BRS leader Dasoju Sravan accuses CM A Revanth Reddy of failing to secure new investments for Telangana. He challenges the credibility of claims surrounding Rajesh Exports, asserting that no funds or land were allocated for the intended semiconductor project.
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Dasoju Sravan, a senior leader of the BRS party, criticized Chief Minister A Revanth Reddy for not attracting any new investments to Telangana. He highlighted that Rajesh Exports, an internationally recognized Fortune 500 company, had been evaluated and empaneled under the Rs 18,100 crore Production Linked Incentive scheme by the Central government, which also allowed LIC to invest Rs 600 crore in the company.
Sravan clarified that the Memorandum of Understanding (MoU) for a semiconductor display fab ecosystem signed by the previous IT Minister did not secure funding or land, and the project did not progress further. This situation raises concerns about the effectiveness of current governance in attracting investments.
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