ADVANTA which was listed public company both in BSE and NSE is possible to leave Hyderabad that makes huge impact on incoming of new industries into Telangana. ADVANTA is a global plant Genetics Company aims to promote sustainable agriculture growth with its technology. ADVANTA is doing business in 15 nations whose Registered Office located in Hyderabad. As per buzz, ADVANTA is almost decided to shift its base to Gujarat from Telangana.

 

ADVANTA make an intimation to BSE that Board of Directors will decide on shifting on September 30th meeting. As per industrial experts, recent World Bank ratings to the Indian states forced the company to change its Registered Office. World Bank disclosed that Gujarat and AP are most suitable to do business and invest in its report. Telangana got 13th best state in this list.

 

ADVANTA not disclosed any piece of information on shifting the base from Telangana. Gujarat Government agreed to offer attractive package for research and development centers to ADVANTA. Telangana Government should rethink on giving permissions and its industrial policy otherwise the state revenue will affect badly. KCR will do something to stop migration of industries and protect Hyderabad brand image.

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