3 weeks ago
YSRCP alleges extortion drove industries out of Andhra Pradesh
The YSRCP is a political party in Andhra Pradesh, a state in India.
It says some leaders of the ruling coalition are scaring business owners.
The party claims these leaders ask companies for money and stop their factories from working when they do not pay.
YSRCP says this is why some big companies have moved out of the state.
It says workers at cement factories like UltraTech Cement and Bharathi Cements are being threatened and their trucks are being stopped.
Bharathi Cements gives jobs to nearly 15,000 people, so YSRCP says those jobs are now in danger.
YSRCP also says the police arrest people who protest, but do not stop the people doing the threatening.
The party says much more money was invested in the state when YS Jagan Mohan Reddy was in charge than now.
The ruling party has not given its side of the story in this article, so we only hear one side.
YSRCP spokesperson Veera Sekhar Reddy accused the Andhra Pradesh coalition government of creating an atmosphere of fear and extortion for industrialists.
He alleged ruling party leaders demanded money and obstructed factory operations, supply chains and raw material movement when demands were not met.
UltraTech Cement at Jammalamadugu and Bharathi Cements at Yerraguntla were cited as targets, with workers threatened and vehicles carrying raw limestone stopped.
The party claimed companies worth Rs 12,890 crore, including Coca-Cola, Ginfra, Jupiter Renewable Energy and Tata Power, had left the state.
YSRCP contrasted investments of Rs 1.20 lakh crore during YS Jagan Mohan Reddy's tenure with only around Rs 6,500 crore under the current Chandrababu Naidu government.
- Who
- YSRCP spokesperson Veera Sekhar Reddy, who made the allegations against leaders of the ruling coalition in Andhra Pradesh.
- What
- An accusation that ruling party leaders are extorting and threatening industrialists, forcing companies to scale down operations or leave Andhra Pradesh.
- Where
- Andhra Pradesh, including Jammalamadugu, Yerraguntla, and ports from Krishnapatnam to Srikakulam.
- When
- Tuesday, when the YSRCP addressed the media at its party central office in Amaravati.
- Why
- Allegedly because ruling party leaders demanded money and obstructed factory operations and supply chains when their demands were not met.
Key facts
- Allegation
- Ruling party leaders threatening and extorting industrialists, obstructing factories and supply chains
- Companies said to have left
- Firms worth Rs 12,890 crore, including Coca-Cola, Ginfra, Jupiter Renewable Energy and Tata Power
- Latest alleged target
- Bharathi Cements at Yerraguntla
- Employment at Bharathi Cements
- Nearly 15,000 direct and indirect jobs over 17 years
- Investments under Jagan government (claimed)
- Rs 1.20 lakh crore
- Investments under Naidu government (claimed)
- About Rs 6,500 crore
- Other firms allegedly pressured
- Zuari, L&T, Dalmia, Sagar, Chettinad Sri and Bhavya cement companies
- Alleged role of police
- No action against those responsible, while protesters are 'promptly' arrested
Sources
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