Almost five months since the much-hyped Partnership Summit 2012 held in the city generated investment proposals worth Rs 6,00,000 crore, the state government is seen to be barely moving to pursue the proposals. Chief Minister N. Kiran Kumar Reddy, who had announced on the concluding day of the summit that he would personally review the progress every month, did not hold meeting with officials concerned at least once in the last four months.
Sources said that representatives of most companies that signed MoUs with the government did not attend these meetings and officials on their part have made no extra effort to pursue the investment proposals. “There is not much progress except issuing orders, appointing bureaucrats as escort officials,” a senior official admitted. The commissioner of industries is said to have been readying the proposals on industrial and tax incentives for projects that are either nearing completion or were launched before the MoUs were signed during the summit. The proposals will be put before the State Investment Promotion Council soon, the official said.
Of the two mega-oil refineries proposed in the Petroleum, Chemical and Petrochemical Invest-ment Region between Visakhapatnam and Kakinada, the Kuwait-based Al-Qabela Al Watya has approached the government with a proposal to allot it 1,200 acres. But there is no such move from the other refinery proposed by Amarind, which belongs to a city-based industrial group.
The GMR group, which signed a MoU for a mega-refinery project in Kakinada, is still processing land acquisition, while Ramky Group, in trouble after CBI included the company in the chargesheet in Jagan Reddy assets case, also did not make any move for the proposed industrial cluster in Nalgonda. Similarly, the Adani Group’s proposal to set up ports is yet to take off.
According to sources, officials are also not keen on playing a proactive role in processing investment proposals in view of the ongoing CBI probe into scores of previous decisions taken by the YSR government.