The Hindu: Vijayawada: Friday,
January 13, 2017.
Less than one
per cent of the ₹4,78,000 crore for which the Andhra Pradesh Government signed
MoUs in the CII Partnership Summit held in Visakhapatnam on January 12 last
year has fructified into investments, said former Speaker of the erstwhile
Andhra Pradesh Nadendla Manohar.
At a press
conference at the Andhra Ratna Bhavan here on Thursday, Mr. Manohar shared with
the media information he secured using the Right to Information (RTI) Act.
While the
Government declared that six lakh jobs would be generated from the Rs 4,78,000
crore investment for which various firms had signed MoUs at the summit, not a
single job had been generated till now.
While Chief
Minister N. Chandrababu Naidu and his Cabinet members had been boasting about
the MoUs as a major achievement for the past one year, the total investment
received was shown only as Rs 2,076 crore.
The companies
that honoured their commitments strangely included some Central Government
establishments and others from Sri City and Vizag Pharma SEZ, Mr Manohar
pointed out. He wondered what the connection between these firms and the summit
to enable the Government to show them as works in progress.
The Chief
Minister should tell the people of the State the truth before holding a second
partnership summit this month. The State Government should refrain from
deceiving the youth yet another time, Mr. Manohar said.
The State
Government spent Rs. 40 crore to organise the summit and thousands of crores
were spent for the Chief Minster and other Ministers to visit foreign countries
seeking investments in the cash-strapped State, but nothing seemed to have
materialised. The Chief Minister should therefore desist from raising the hopes
of the youth by going for yet another summit, Mr Manohar said.
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