Finance Minister Buggana Rajendranath Reddy spoke to a local Newspaper in Singapore on the sidelines India – Singapore Business Summit 2019 and made some ridiculous comments on Amaravati. Much to the insult of the State, Buggana went on to say that the State Government do not have funds for the construction of Amaravati.
“We have no funds for Amaravati now. We are trying to increase income by encouraging Agro-based industries. Moreover, we do not want to confine the development of one city and decentralize the development of the entire state. We are not ignoring Amaravati but a decision the Capital City will take a few months,” Buggana said.
Singapore External Affairs Minister, Vivian Balakrishnan also spoke about Amaravati. “The new government in Andhra Pradesh is just 100 days old. It is yet to confirm the signals it is sending to the investors. The State Government’s decision will decide the future of the Project. If a State Government changes its priorities every now and then, the contractors will decide if or not to continue in such projects”.
It is ridiculous on the part of Buggana to say Andhra Pradesh is not in the position to finance its capital on an international stage which will send wrong signals to the investors.Don't MissDirector's over Hype, Special Thank You Card for HerDirector Harish Shankar has always been famous for his over-the-top claims about the lead actors...Don't MissSuriya’s Bandobast Beating Valmiki In Home TurfTwo big films are going to hit screens on the upcoming Friday. The first one...Don't MissWhen in Trouble, Rake Anti-Andhra Sentiment: KCR's MantraTelangana Rashtra Samiti President K Chandrasekhar Rao's Political Career is built on Anti-Andhra Sentiment. He...Don't MissKajal's No Make-Up Look Not to MissKajal Aggarwal is one gorgeous lady of the south still the most looked up actress...Don't MissKCR Makes Key Announcement on His HeirThere are speculations for a long time that Telangana Chief Minister, K Chandrasekhara Rao will...