Andhra Pradesh Falls To Seventh Position in Attracting Investments

Andhra Pradesh which used to be at the forefront of the nation in Investments during Chandrababu Naidu’s time seems to be slipping away. According to a report by Projects Today, a project monitoring organization based in Mumbai, AP just managed the ninth position in investments between April and June.

Tamil Nadu (18,236 Crore) and Maharashtra (11,229 Crore) are in the first two positions. During Chandrababu’s rule, AP used to give a tough time for both the states and always manage a slot in the Top Three States but it is no longer the case.

Andhra Pradesh just managed to sign MOUs for 4,112 Crore. This is just 4.2% of the total investments that came to the country in the three months period. Telangana has fared a bit better than Andhra Pradesh but still is poor. The state only managed 4,957 Crore worth investments and is ranked sixth in the list.

The period of April to June corresponds to that of Lockdown and the country managing 97,859 Crore of investments is still good. However, most of these projects belong to the Central and State governments and very few private projects. Its time for both the Telugu Governments to pull up their socks.