KTR urges CM Revanth to safeguard Telangana’s industrial future
Hyderabad: BRS working president K T Rama Rao urged Telangana Chief Minister Revanth Reddy to protect the industrial ecosystem so that major industrial players won’t leave Telangana. He has expressed concern over the potential departure of major industrial players from Telangana particularly in light of recent comments by Chairman of Amara Raja Energy and Mobility, Jayadev Galla, hinted at leaving Telangana.
He warned that political differences should not jeopardize “Brand Telangana” and highlighted the recent loss of key investments, such as Kaynes Technology to Gujarat and the Corning plant to Chennai, stressing that the departure of Amara Raja would be a significant setback for the state.
Taking to X, a microblogging platform previously known as Twitter, KTR said, “We had worked very hard to convince Amara Raja to invest 9,500 Crore in Telangana. Government is an institution that has to ensure policy continuity. Brand Telangana should not suffer because of our political differences. I hope the Congress Govt will wise up and honor the commitments made to all investors who’ve set shop in our state.”
He further added, “And I humbly urge the CM to stop making ludicrous statements about the state being in a debt trap, equating with Cancer patients etc when in reality we are a vibrant revenue surplus state with the highest per capita income in the country.”
Citing the examples of Kaynes Technology, Corning plant, KTR said, “We already have seen Kaynes Technology leave Telangana for Gujarat, lost the Corning plant to Chennai and if Amara Raja now leaves it would be a disaster.”
Watershed moment for Amara Raja group
Earlier in the day, Amara Raja Group inaugurated our li-ion battery pack assembly plant and laid the foundation stone for the cell manufacturing Customer Qualification Plant, taking to X, Jayadev Galla said, “A watershed moment for Amara Raja group, as we inaugurated our li-ion battery pack assembly plant and laid the foundation stone for the cell manufacturing Customer Qualification Plant in the presence of our customers and technology partners at Amara Raja Giga Corridor. This marks the first chapter in our journey of leading India’s energy transition”.
It is pertinent to note that the battery maker had signed a MoU with the previous BRS government for investing Rs 9,500 crores, over a period of 10 years, for setting up research and development and a Greenfield manufacturing facility for Lithium-Ion battery-making in Telangana, which has an ultimate capacity of up to 16 GWh and a Battery Pack Assembly unit up to 5 GWh.
Galla recalled that the previous government had made certain commitments in terms of industrial incentives to bring this project to Telangana and expressed hope that they would be honored by the present regime.
“It is not about the intent (of the government). Do they have the funds? Do they have the resources to honor those commitments?” he wondered. He was replying to a query on the plant capacity expansion beyond 16 GWh and if the company has any doubts about the present government on honoring the commitments given by the previous BRS regime.
