After Andhra Pradesh succeeded in grabbing top two-wheeler maker Hero MotoCorp investment opportunity with the help of g uninterrupted power supply and other incentives the state is in fast pace in aquiring more investments. Neighboring states considering Andhra Pradesh as a threat to their investments.
Though Telangana government offered many benefits to Hero group it had chosen Andhra as its destination. Adding to this, Now renowned paints manufacturer Asian Paints has already showed interest in establishing two facilities in Andhra. Prior to this Asian paints had shown its interest to setup plant in Karnataka. In a media statement the company confirmed its future plans in Andhra Pradesh. Eventhough the company showing land issues are the main reason behind this decision but sources confirming that power and other promises of Chandrababu given assurance to company stake holders.
In a meeting with Modi KAranataka CM Siddaramayya also express concerns over Andhra Pradesh speediness in attracting investments. According to sources Siddaramayya request tax benefits to state compete with Andhra Pradesh. ON the other end KCR quite worried on Babu steps and trying hard to compete with him.
Though Telangana government offered many benefits to Hero group it had chosen Andhra as its destination. Adding to this, Now renowned paints manufacturer Asian Paints has already showed interest in establishing two facilities in Andhra. Prior to this Asian paints had shown its interest to setup plant in Karnataka. In a media statement the company confirmed its future plans in Andhra Pradesh. Eventhough the company showing land issues are the main reason behind this decision but sources confirming that power and other promises of Chandrababu given assurance to company stake holders.
In a meeting with Modi KAranataka CM Siddaramayya also express concerns over Andhra Pradesh speediness in attracting investments. According to sources Siddaramayya request tax benefits to state compete with Andhra Pradesh. ON the other end KCR quite worried on Babu steps and trying hard to compete with him.