AP CM YS Jagan Mohan Reddy’s speech in Vishakapatnam today, during the State government’s program titled Visakha Vision, raised concerns among investors.
Typically, investors seek assurances of good infrastructure, a supportive and stable government, and a peaceful environment. However, Jagan’s speech took an unexpected turn as he focused on bashing the Opposition and media rather than promoting Vishakapatnam’s investment potential.
Jagan Mohan Reddy talked about the Opposition’s claims regarding Kadapa Rowdies engaging in land-grabbing in Vizag, legal issues around the three capitals, and how some media and the Opposition oppose having three capitals.
Discussing these matters just before an election notification is not a wise decision for an Investors meeting. Most investors prefer to wait for election results before making decisions, and it’s not helpful to portray Vizag negatively. Investors are hesitant to invest in a state facing unrest, and Jagan conveyed that there’s a significant amount of unrest in Andhra Pradesh.
Criticism is directed at whoever wrote Jagan’s speech, suggesting they should be dismissed promptly. The purpose of this summit seems to have shifted from attracting investments to delivering a political speech aimed at impressing the people of Vizag. This shift comes after Jagan’s unfulfilled promises regarding the Executive Capital and relocating to Vizag within five years. The content and tone of Jagan’s speech may unintentionally hinder Vishakapatnam’s economic development.
