It's a conspiracy against KIA, FM Buggana asserted, says will initiate legal action on culprits

Update: 2020-02-06 14:14 IST

Andhra Pradesh Finance Minister Buggana Rajendranath Reddy asserted that there was no truth in the ongoing campaign to move the KIA Motors industry from the state. He said KIA Motors owners are delighted with the cooperation of their government. Buggana claimed that the KIA motors stating that they had no clue regarding the rumours doing rounds on the shifting of the plant.

The FM has alleged it to be the conspiracy to mislead the public and warned of legal actions against those who committed such misconduct on social media. He said that compared to the previous TDP's regime, the investments are enhanced in the state after YSRCP came to power, and there is no question of investor being unhappy. "As many as 1250 companies had been allotted lands after YSRCP came to power, Buggana opined.

"Former Chief minister Chandrababu had left the state in deficit and we the YSRCP government are trying come out of the fiscal deficit to take the state forward," Buggana alleged.

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