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Why is TDP looking for suitable NRIs?
By: Tupaki Desk | 12 April 2023 4:48 PM IST
What's the biggest problem dogging the opposition Telugu Desam Party ahead of the all-important 2024 elections? It feels the public is on its side and the anti-incumbency is mounting. It knows its workers are charged up and the YSRCP is down in the dumps. But, the TDP is bereft of the biggest weapon that is needed to fight the electoral war - the money.
The TDP leaders, especially former ministers and former MLAs are now devoid of money that is needed to fight the elections. With the elections becoming costlier and costlier affairs, the TDP knows it needs to outspend the YSRCP if it has to put up a serious fight. Its biggest problem is that many TDP biggies have sunk all their money in Amaravati capital area and thanks to Jagan's masterstroke, they would not even get their investment back now.
Not just that. Jagan has hit at the roots of all the money sources of the TDP such as sand quarrying and liquor trade. By carving out new districts and by talking about three capitals, he has successfully reduced the importance of all the existing real estate hubs, which are essentially dominated by the TDP and its supporters.
All this have reportedly dried up the TDP financial resources. To add to this, there are cases against almost every TDP biggie at both the state and the central level. As a result, they are unable to use their resources for the party. The party therefore is said to be looking to the NRIs to bail out. But, with the tough restrictions imposed by Modi on foreign origin funds, will the TDP be able to tide over the monetary crisis?
The TDP leaders, especially former ministers and former MLAs are now devoid of money that is needed to fight the elections. With the elections becoming costlier and costlier affairs, the TDP knows it needs to outspend the YSRCP if it has to put up a serious fight. Its biggest problem is that many TDP biggies have sunk all their money in Amaravati capital area and thanks to Jagan's masterstroke, they would not even get their investment back now.
Not just that. Jagan has hit at the roots of all the money sources of the TDP such as sand quarrying and liquor trade. By carving out new districts and by talking about three capitals, he has successfully reduced the importance of all the existing real estate hubs, which are essentially dominated by the TDP and its supporters.
All this have reportedly dried up the TDP financial resources. To add to this, there are cases against almost every TDP biggie at both the state and the central level. As a result, they are unable to use their resources for the party. The party therefore is said to be looking to the NRIs to bail out. But, with the tough restrictions imposed by Modi on foreign origin funds, will the TDP be able to tide over the monetary crisis?