Nitin PaiNov 13, 2019

Jagan Reddy’s closing of the Amaravati project is much more damaging than George Fernandes pushing IBM & Coca Cola out in the 1970s. Massive damage to India’s credibility as a destination for foreign investment in infrastructure.

Reversing the slowdown is going to be very difficult in the face of whimsical and capricious government decisions.

Show threadNitin PaiNov 13, 2019
Infrastructure investors work on 30 year horizons. Jagan Reddy’s reckless actions will deter good & responsible investors from the Indian market. Our governments’ ability to destroy economic value and undermine our developmental prospects is limitless.
Show threadguthikondaNov 13, 2019
@nitin True - it was to the enormous credibility of Chandrababu Naidu that farmers voluntarily gave up 30 K acres of land in a unique land pooling experiment with no parallels in India. Now the absolute incompetence and destructive attitudes of Jagan Reddy have practically turned the lights off Amaravati
Show threadguthikonda
@nitin at a time when we should be building newer cities, we are bringing down whatever we are planning just because of political and casteist attitudes.
Nov 13, 2019 at 2:56pmWeb