Telengana unrest makes a heavy 400 crores loss to industries in AP

[bangarubullodu]

HYDERABAD: Pharma companies in Andhra Pradesh have said they have lost nearly Rs 400 crore in the last 10 days due to the Telengana unrest in the state.

Firms in the state could not manufacture products worth nearly Rs 400 crore in the past 10 days due to the agitations and bandhs called by pro and anti Telengana organisations, said M Narayana Reddy, former president, Bulk Drug Manufacturers Association (BDMA).

GlaxoSmithKline (GSK) halted operations in its unit near Rajahmundry today.

The Japanese Eisai Co Ltd, manufacturing and marketing chemicals, food additives, machinery and equipment for pharmaceutical production, postponed opening of its manufacturing plant in Vizag, scheduled for today.

Reddy said foreign buyers are apprehensive about the situation in the State. "Business runs on trust. Even a slightest doubt, in their minds, may create a blockade for investments in the State."

Reddy said states like Gujarat may try to take advantage of the situation.

  ee state ni inka evadu save cheyyaledu.. hitwalltwice hitwalltwice hitwalltwice " " "

[bitterkai]

its all because of the present situation tht made the investors feel unsecure!!!!

[sasidhar_T]

u r absolutely right bitterkai

[sid_22]

Ee roju ninchi manam Pakistan ela vuntado ani alochinchakale..........

Mana state ee Pakistan kinda tayaravutadi....... India ki pedda talla nepi kinda change avutadi mana A.P state...............

" " " " " " "

[cocoa]

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