Hyderabad: Accusing Chief Minister A Revanth Reddy of sheer incompetence and failing to secure even a single new investment for Telangana, senior BRS leader Dasoju Sravan on Friday launched a scathing attack on the Congress government.
Condemning the Chief Minister’s round-the-clock ‘sadistic’ attempts to defame BRS President K Chandrashekar Rao and Working President KT Rama Rao, Sravan categorically debunked the malicious propaganda being whipped up around Rajesh Exports by the Chief Minister’s Office.
Speaking at a press conference at Telangana Bhavan on Friday, Sravan said that certified and funded by the Modi Government, Rajesh Exports was an internationally recognised Fortune 500 company. In 2022, the Centre evaluated its credentials and empanelled it under the prestigious Rs 18,100 crore Production Linked Incentive (PLI) scheme.
Furthermore, the Central government officially permitted the Life Insurance Corporation of India (LIC) to invest Rs 600 crore into this very company. Based on this double certification and ISI-like stamp of approval from the Centre, the then IT and Industries Minister KTR signed a standard Memorandum of Understanding (MoU) to promote a semiconductor display fab ecosystem in Telangana. It was a standard, responsible administrative procedure that any progressive minister would undertake.
Sravan emphasized that an MoU merely represents an initial expression of interest and does not equate to the allocation of funds or land. The project never progressed beyond the initial signing stage, and the company eventually became inactive.
The previous BRS government did not release a single rupee as a grant or incentive, nor did it allocate an inch of land to the company. “The project died at the signature stage itself,” Dr. Sravan stated, calling the allegations of a multi-crore land and treasury scam ‘complete fabrications’.
