The Telugu Desam Party has alleged that the Foreign Direct Investments (FDI) in the State have come down steeply during the YSRCP rule.
Addressing a press conference on Tuesday, TDP official spokesperson Neelayapalem Vijay Kumar said the FDIs to the State had nosedived to a precarious 14th place in the country. Referring to information provided by the Ministry of Commerce, Investment & Promotion Board, he said that the total FDIs received by Andhra Pradesh during October 2019- December -2022 December) was just ₹5,751 crore. It was ₹3.74 lakh crores in Maharashtra, ₹3.21 lakh crore in Karnataka, ₹2.34 lakh crores in Gujarat. Even neighbouring Telangana received ₹34,000 crore.
“Why the investors lost confidence in A.P. The State government needs to introspect, he said.