In a recent press conference held at the YSR Congress Party headquarters, Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy claimed that industries and industrialists are fleeing the state under the leadership of former Chief Minister N. Chandrababu Naidu. Reddy emphasized that this trend is not occurring during his tenure, but rather it was prevalent during Naidu’s administration.
The statement comes in the wake of a report released by the Reserve Bank of India (RBI) on December 11, 2025, which contradicts claims made by the opposition. Reddy highlighted that the RBI’s findings indicate that under his government, the state ranks fifth in India for Gross Value Added (GVA) in the manufacturing sector, asserting that Andhra Pradesh holds the top position among southern states.
During the press conference, Reddy vehemently rejected the allegations propagated by Naidu and his associates, insisting that their claims of industrialists leaving the state are unfounded. He pointed out that the RBI report showcases the growth and stability of the manufacturing sector in Andhra Pradesh, a fact he believes Naidu is unable to accept.
Reddy further stated that it is a reality that industrialists faced intimidation and challenges during Naidu’s rule. He mentioned specific companies such as Jindal, My Home Cement, Sri Cement, Ramco Cement, Dalmia Cement, and Bharati Cement, which have reportedly encountered significant difficulties in operating within the state. He criticized Naidu for not being able to maintain a conducive environment for industries, suggesting that a lack of support from the former Chief Minister has led to their struggles.
The Chief Minister also highlighted the dissonance between Naidu’s rhetoric and the actual conditions faced by industries. He asserted that while Naidu continues to spread negativity about his administration, the truth remains that industries are flourishing under his leadership, countering the narrative promoted by the opposition.
Reddy’s comments come amid ongoing political tensions in the state, as the YSR Congress Party prepares for upcoming elections. The Chief Minister’s focus on industrial development and his rebuttal against Naidu’s claims suggest a strategic positioning to enhance his party’s image as a champion of economic growth.
In conclusion, Reddy’s statements reinforce his commitment to fostering a positive business environment in Andhra Pradesh. By addressing the concerns of industrialists and presenting the RBI’s findings, he aims to cultivate trust among stakeholders and counter any adverse perceptions regarding his administration’s effectiveness in promoting industrial growth.
