It seems that the efforts of AP Chief Minister CBN for investments for his state become fruitful. Economic Times praised the AP’s visionary document 2029 that throws stiff challenge to neighbor state Tamilnadu. ET published an interesting article on Sunday on development between two states and it alerts Tamil Nadu that industries may shift to AP because of CBN. ET believed that TN can’t promote itself as aggressively as like AP.
Six years back there was dual fight between Tamil Nadu and Gujarat for attracting the investments in auto sector. As per current scenario, AP joined in this competition with TN and Gujarat on attracting investments in Auto Sector. ET compared Jaya’s vision in 2012 to CBN’s visionary document. CBN called personally to some industrialists on phone for investments. That forced TN leather businessman to set up new industry in Kothapatnam in AP. Most of the companies in TN plan to invest in AP instead of expansion their units in other cities in TN.
Most of the entrepreneurs attracted with approach of e-governance and get out of the paperwork of AP. They believed that e-governance remove the corruption in a big way. Chinese Ambassador to India Le Yucheng said that AP is becoming focal point for Chinese investments. He said that he was very much impressed with the approach of AP Chief Minister CBN during his visits to China. This article believed that TN is not in comfortable zone in attracting investments because of AP.
