Archive · 19 Jul 2026
Jagan Accuses Naidu of Scam in Port Privatization
Y.S. Jagan Mohan Reddy, a former chief minister of Andhra Pradesh, accused the current government led by Chandrababu Naidu of turning the Ramayapatnam Port into a scam.
He said the government is spending a lot of money on the port but only getting a small amount from private companies, which causes a big loss for the state.
Jagan mentioned that the port is important for economic growth and has attracted big projects like a BPCL refinery and a solar plant by Indosol.
He believes the current government is not using the port's potential for the state's benefit but instead for their own gain.
Y.S. Jagan Mohan Reddy accused the TDP government of turning Ramayapatnam Port privatization into a scam.
The state government is spending Rs 4,929 crores on the port, while private parties are paying only Rs 1,500 crores upfront.
The state will have to bear a debt servicing burden of over Rs 3,500 crores.
Ramayapatnam Port is crucial for economic growth, attracting projects like BPCL's refinery and Indosol Solar's plant.
Jagan claims the TDP government is not utilizing the port's potential for the state's benefit.
- Who
- Y.S. Jagan Mohan Reddy, Chandrababu Naidu
- What
- Allegations of scam in Ramayapatnam Port privatization
- When
- Not specified
- Where
- Andhra Pradesh, India
- Why
- Alleged financial loss to the state exchequer
- Port
- Ramayapatnam Port
- Government Spending
- Rs 4,929 crores
- Upfront Payment
- Rs 1,500 crores
- Debt Servicing Burden
- Rs 3,500 crores
- BPCL Refinery Capacity
- 9–12 MMTPA
- BPCL Investment
- Rs 1 lakh crore
- Projects
- BPCL refinery, Indosol Solar plant, JSW Steel berths