Andhra Pradesh Chief Minister N Chandrababu Naidu’s foreign visits have been proved a futile exercise in attracting investments. The fresh visit to South Korea also drew a blank.
The CM and his team trumpeted the just concluded foreign visit a fruitful claiming the AP government entered agreement with Korean companies worth Rs 3000 crore investments.
It was not knew Chandrababu made big announcements after winding up his every foreign visit that he clinched multi crore investment deal. Practically, not a single company came forward and set up companies in Andhra for the last four years.
In fact, Chandrababu ranked number one in conducting foreign tours in the country. After travelling on electric cars in Korea, he announced promotion of 100 percent electric vehicle transportation in Amaravathi. The CM was not aware of facility required.