The core concern of many political parties was the future of Hyderabad, which has seen tremendous growth and investments as the capital and a favoured destination.
Telangana' turns AP industry jittery, Key growth drivers IT and realty can face the heat. The realty sector, in and around Hyderabad, could face troubled times IT majors concerned that Hyderabad could lose the advantage of being a favored destination IVRCL, NAGARCONST, IVRPRIME and MAYTSAS INFRA are few stocks which would have impact.
IT exports from Andhra Pradesh alone stood at Rs 32,000 crore last financial year — almost 18 per cent of the total IT software exports from the country.
Telangana decision plunges AP into a crisis, 97 MLAs across party lines submit resignation.
Andhra Pradesh is the bulk drug capital of India, which produces almost Rs 15,000 crore worth of bulk drugs (raw materials for manufacture of final medicines) of the Rs 20,000 crore worth of domestic production.Prithvi Information Solutions Limited (PISL) managing director Satish Kumar said: “If they put conditions like only people of Telangana can work in Hyderabad, it can be catastrophic.”
