I welcome the sanction of an Information Technology Investment Region to Hyderabad - however, we must be cautious not to repeat the past mistake on concentrating all investments in Hyderabad city. The projects proposed under the Investment Region can be spread over three or four major centers of the three regions of the State keeping in mind regional imbalances, economic inequalities and political unrest. The sanction of the Rs.2.19-lakh crore Investment Region by the Union Cabinet Committee on Economic Affairs on September 20 will give a boost to Andhra Pradesh’s economy which in the recent past had suffered because of political uncertainty I recall that the Union Government had in the past sanctioned two National Investment and Manufacturing Zones and a Petroleum, Chemical and Petrochemicals Investment Region for Andhra Pradesh - little progress has been made in their implementation. Grand announcements with a lot of fanfare have ended up in dashing the hopes of the young, unemployed in the State. Every year, 12 lakh students are graduating from colleges and universities in the State, a massive effort has to be mounted to promote manufacturing and to create jobs. Building infrastructure for power sector can create many jobs. Employment creation and investments are a function of political stability and far-sighted leadership. What we need is strategy and implementation, not perpetual political unrest and mounting corruption .
Posted on: Sat, 28 Sep 2013 08:08:59 +0000
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