‘What have you done to our State, JaGone Reddy?’

Prime Minister Narendra Modi’s home Gujarat has topped the list of Indian states in attracting fresh investments from Indian and foreign companies. According to Centre for Monitoring Indian Economy Pvt. Ltd (CMIE), Gujarat has attracted new investments worth Rs 3.98 trillion for the financial year 2021-2022. But shockingly Andhra Pradesh is nowhere to be seen in the top ten states of this list.

Telangana stood at sixth place by attracting Rs 0.74 trillion new investments while the other southern states like Tamil Nadu and Karnataka have stood above and below Telangana’s place respectively. Andhra Pradesh could not find a place and that is disturbing. TDP chief Chandrababu Naidu fumed at AP CM Jagan for failing to attract new investments.

“Major Southern Indian states are on the list, but… Andhra Pradesh – Gone. What have you done to our State, JaGone Reddy?” tweeted Chandrababu Naidu with the hashtag #JaganFailedCM.

This data from CMIE was released just on the day the AP government announced the Global Investors Summit in Vizag in March 2023. CM Jagan released the Summit logo at his camp office and the state government plans to conduct roadshows in different countries and major cities in India to showcase AP as an ideal investment destination.

Political analysts opine that Global Investors Summit yields less results as it is proven by instances. While the analysts are skeptical, the AP government is optimistic in attracting investments. We have to see how the AP government can overcome this hurdle.