PaperDabba News Desk: 17 July 2024
Nara Lokesh, the IT Minister of Andhra Pradesh, has made a significant statement on social media regarding investments in the state. In response to the controversy surrounding Karnataka’s new legislation mandating jobs for locals, Lokesh took to Twitter to extend an open invitation to investors, assuring them of a business-friendly environment in Andhra Pradesh.
Lokesh’s Reaction to Karnataka’s New Law
The recent law introduced by the Karnataka government has sparked debates and concerns among investors, business leaders, and organizations like NASSCOM. The law, which prioritizes jobs for locals, has faced opposition from various quarters. Seizing this opportunity, Nara Lokesh tweeted about the favourable investment climate in Andhra Pradesh, thus turning the situation to his state’s advantage.
NASSCOM’s Tweet and Lokesh’s Response
Retweeting a post from NASSCOM that highlighted the challenges posed by the new law in Karnataka, Lokesh emphasized Andhra Pradesh’s welcoming stance towards investors. He acknowledged investors’ concerns and assured them that Andhra Pradesh imposes no such restrictions, inviting them to consider the state for their business ventures.
Open Offer to Investors
Lokesh’s tweet extended an open offer to investors, assuring them that Andhra Pradesh provides a conducive environment for business without any restrictive regulations. He invited investments in IT, IT-enabled services, data centres, and artificial intelligence, focusing on Visakhapatnam.
Support from the Andhra Pradesh Government
Emphasizing the supportive stance of the Andhra Pradesh government, Lokesh assured potential investors of complete cooperation. He highlighted the state’s commitment to providing excellent policies, infrastructure, and an uninterrupted power supply, all of which contribute to a favourable investment climate.
Abundant Skilled Workforce
Lokesh also pointed out the availability of skilled and talented youth in Andhra Pradesh, stating that the state boasts a rich human resource pool. He encouraged investors to leverage this advantage and invest in the state, ensuring a supportive business environment.
In conclusion, Nara Lokesh’s proactive approach on social media highlights Andhra Pradesh’s readiness to welcome investments, offering a stark contrast to the restrictive measures introduced by Karnataka. His assurance of a business-friendly environment aims to attract investors, thereby boosting the state’s economic growth.
