Hyderabad is not same as suggested by personnel’s
Is Hyderabad facing the threat of losing its sheen as one of India’s preferred investment destinations and are investors worrying over their investments in the city after it has become capital of the country’s newest state of Telangana?
Days after engineering giant L&T expressed concerns over the viability of India’s largest metro rail project coming up in Hyderabad involving an investment of over Rs 16,000 crore, several businessmen affirmed similar concerns. While businesses are mainly concerned over the fall in floating migrant population that would affect the revenues, they are also worried about the sharp deterioration in power supply in Telangana that is forcing production holidays and sharply increasing operating costs.
The Telangana Rashtra Samithi (TRS)-led government, which had earlier brushed aside such concerns and termed them totally unfounded and instigated by anti-Telangana forces, admitted for the first time on record on Friday before the 14th Finance Commission that the environment was indeed unfavourable.
The floating migrant population that is increasing in Hyderabad is being blamed as one of the reasons why Hyderabad is losing its eccentricity.
Source: The Economic Times
