Nara Lokesh is campaigning in Mangalagiri. He visited the residents of an apartment in Kaza and took questions from them on various topics.
One of the residents brought to the notice of Lokesh about how the confidence of investors in Andhra Pradesh is so weak since Jagan drove away many industries that came during the Chandrababu Naidu regime.
“Never in the history of Andhra Pradesh, has something like this happened. All the previous Chief Ministers continued the good work of the former Governments. Jagan set a new precedent by harassing the investors. PPAs were canceled. Some investors like Lulu Mall, Franklin Templeton, Amara Raja, and others were driven out of the state. We are going to bring new legislation to protect all the incentives given to the investors,” Lokesh said.
This is a brilliant idea for sure.
Even if TDP wins Andhra Pradesh, there is always a doubt in the investors what if Jagan returns.
They have seen how Jagan stalled the development in Amaravati and made Andhra Pradesh a capital-less state.
This legislation will give them the confidence to invest in Andhra Pradesh without a doubt what will happen if Jagan or someone with a similar mindset comes to power.
This legislation should be the top priority if the Government changes in Andhra Pradesh.
Even though Chandrababu Naidu has a Pro-Investors image, without such legislation in place, investors are unlikely to trust Andhra Pradesh given what they have suffered in the last five years.
