TDP politburo member and former MLA, Bonda Umamaheswara Rao, on Tuesday demanded that Chief Minister, Jagan Mohan Reddy, reply as to why Andhra Pradesh has no illustration within the globally famend Davos summit, being organised by the World Financial Discussion board.

Umamaheswara Rao informed media individuals on the celebration headquarters right here that Jagan has understood that no investor would like AP with the continuing harmful politics with which the ruling dispensation is looting the State. “That is the rationale why Jagan didn’t participate within the traders summit at Davos,” Bonda Uma mentioned.

Observing that AP was the centre of attraction for the traders through the Chandrababu Naidu regime, the TDP politburo member mentioned that TDP supremo, Chandrababu Naidu, made each effort to draw traders to the State utilising each alternative.

However, after Jagan Reddy got here to energy in 2019 the state of affairs is completely completely different, he mentioned, including that the YSRCP Authorities cancelled the MoUs price over Rs 16 lakh cr which have been entered into through the Chandrababu regime.

The vanity of Jagan compelled the traders to rethink on organising their items within the State on account of which not even a single trade was established in AP up to now 4 years, Bonda Uma maintained.

He requested whether or not Jagan has any reply for the assertion made as soon as by his personal Cupboard Minister, the late Mekapati Gowtham Reddy, that Rs 5.17 lakh cr investments have been made within the State through the TDP rule and employment was created for over 5 lakh youth.

“This can be a written assertion made on July 10, 2019 by the then Minister for Industries on the ground of the Legislative Council,” he identified.

When Minister for IT, KT Rama Rao, from the neighbouring Telangana State is attracting large quantities of investments for his State whereas Jagan Mohan Reddy is stuffed with pleasure by indulging in record-dances and different betting, Uma noticed.

“Jagan has no imaginative and prescient to draw investments and create employment to the youth and thus he’s remaining silent although the Worldwide Traders Summit started at Davos on Monday,” he acknowledged.