Telangana State Minister Ponguleti Srinivasa Reddy has stated that investors are hesitant to invest in Andhra Pradesh, especially after the return of TDP leader Chandrababu Naidu.
He emphasized that the current situation in Amaravati, particularly the recent floods, has made it an unappealing location for investment.
Reddy refuted claims that real estate prices in Hyderabad had dropped following Naidu’s return, calling it "false propaganda."
He also noted that investors are now more focused on cities like Hyderabad and Bangalore, rather than Amaravati, due to the current instability and challenges in the region.
Srinivas Reddy pointed out that Amaravati's prospects for growth are being overshadowed by natural calamities, further discouraging potential investors.
The comments highlight the ongoing concerns about the investment climate in Andhra Pradesh and suggest that major business hubs like Hyderabad continue to attract more investor interest than Amaravati at present.