AP CM Obsessed With Singapore Firms: Bhumana
Hyderabad: YSR Congress slammed AP CM Chandrababu that after drawing flak from courts for adopting the faulty Swiss Challenge method, he has withdrawn and came through the backdoor by mending the rules. New rules drive away competitors and allow only his coterie to get the required qualification from the bidding stage itself.
YCP Bhumana Karunakara Reddy Reiterated that Chandrababu is obsessed with Singapore companies for the development of capital area region.
He told that, his party will not allow such irregularities and fight it out on this issue. The details of the infrastructure being developed is not made clear and no one knows how, when and what would be built, but Chandrababu Naidu has amended the Infrastructure Enabling Act to make it tailor-made for the benefit of Singapore consortium and to keep the competitors at bay.
This has a single point agenda of commercial interest as the State has surrendered to the Consortium which was given 16,091 acres on a platter with terms heavily loaded in favor of the foreign company which leads to rampant corruption.
The state playing a second fiddle to the infrastructure development has only 42% stake while the Singapore consortium walks away with 58% share and has rights for 25 years while any disputes should be settled in British courts which show how heavily the terms are loaded in favor of the foreign companies, he said.
YSR Congress will fight out such discrimination and unfair practices of nepotism and the rampant corruption and misappropriation in the capital area development, he said.
