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 threadNitin Pai

Jagan’s government is plunging greater depths of capriciousness. Andhra govt just cancelled all bar licenses in the state.

Such arbitrary actions mean that businesses operate under the whim of the ruler, not under rule of law. Terrible times ahead for the state.

Nov 23, 2019 at 7:45amWeb
Show threadNitin PaiNov 23, 2019
Winning an election seems to be a democratic method to become a despotic ruler.
Show threadসঙ্কর্ষণ | sankarshanNov 23, 2019
Governance measured by populist stance have the near term potential to be devastating for the revenue stream that a state actually needs. Unless, the next step is a clique driven parcel out of the resources.
Show threadAkshay | అక్షయ్Nov 23, 2019
@nitin I’ve known Singaporeans who wanted to learn Telugu for the Amaravati project. Some of the investors in the seed capital project have heavy investments in other parts of the state, especially power. There’s also talk of cancelling PPAs now. Not looking good one bit from this side of Bay of Bengal.
Show threadAkshay | అక్షయ్Nov 23, 2019
@nitin They are also on a rampage. Cancelled Telugu medium schools completely. Issued a GO to cancel all contracted teachers in universities. Most of these people on contracts are retired professors teaching in faculties with chronic shortage of quality teachers. Basically, my fear is that AP is about to have a double whammy: a major brain drain of educated folk, while at the same time, begin to see a shortage of quality schools (as opposed to the corporate ones)