KTR blames Congress govt for ‘losing’ Rs 2,800-crore Kaynes semiconductor project to Gujarat

Hyderabad: A major political row erupted in Telangana on Monday after BRS working president and former minister KT Rama Rao (KTR) accused the Congress government of forcing Kaynes Technology to relocate its Rs 2,800-crore semiconductor investment project from Telangana to Gujarat.

KTR alleged that the move, which cost the state nearly 2,000 direct jobs, was the direct outcome of the Congress government’s ‘administrative incompetence, corruption and lack of industrial vision.’

‘From Karnataka to Telangana, then lost to Gujarat’

KTR recalled that during BRS rule, the government had managed to shift Kaynes’ proposed unit from Karnataka to Telangana by promptly allotting land near Foxconn at Kongarakalan.

“Within ten days of their request, we provided approvals and land. That was the efficiency of our administration. But now, due to Congress’s inaction and confusion, Telangana has lost this project to Gujarat,” he charged.

‘Auto-pilot to auto-destruct’

Reacting to CM Revanth Reddy’s earlier jibe that Telangana ran in “auto-pilot mode” under BRS, KTR hit back saying: “If that was auto-pilot, then today Telangana is in auto-destruct mode under Congress. Brand Hyderabad and Brand Telangana, built over a decade, are being dismantled. This government is only interested in commissions, not commitments.”

Telangana as ‘ATM for Delhi’

The BRS leader alleged that the Congress government was treating Telangana as an “ATM for Delhi,” diverting focus from development and job creation to political survival.

“For Revanth Reddy, all that matters is pleasing the high command in Delhi and securing his chair, even if it means mortgaging the state’s future,” KTR said.

Ten years of gains ‘gone up in smoke’

Highlighting the industrial growth achieved under BRS with initiatives like TS-iPASS, KTR said Telangana had earned a reputation as an investor-friendly state over the past decade.

“That decade of progress has now gone up in smoke within a few months of Congress rule,” he lamented, warning that more companies could follow Kaynes if corrective measures are not taken immediately.

“CM Revanth Reddy must wake up before Telangana faces an exodus of industries,” KTR cautioned.