The UPA coordination committee and Congress working committee have endorsed a separate Telangana state despite opposition from state Congress leaders.
"With this decision being taken it is hoped that new infrastructure is developed on both sides, the business environment in both is stable or the political environment and all other environments are stable which is conducive to business growth," Reddy said.
Also read: Hyderabad to be the joint capital of Telangana, Seemandhra
She said both state had tremendous growth opportunities. She hoped that issues around the power, the sharing of assets and distribution of liabilities are dealt quickly and judiciously dealt with so that people can get on with their lives.
Below is the verbatim transcript of the interview
Q: There are some interesting data points that we managed to pick up earlier. Andhra Pradesh based companies have the four major airports in the country, they have a majority of the power projects, they have a majority of road projects. How do you think the formation of a separate state could possibly have any impact on projects which are underway?
A: I think that industry is primarily based on finding a good environment and creating profit as well as building infrastructure. So, the origin of the company hopefully should be of secondary importance and the development of a region or a state should be the primary importance. So, with this decision being taken it is hoped that new infrastructure is developed on both sides, the business environment in both is stable or the political environment and all other environments are stable which is conducive to business growth. It is hoped that issues around the power, the sharing of assets be it the distribution of liabilities are all quickly, conducively and judiciously dealt with so that we can get on with our lives and people can focus on progress.
Q: It is interesting that you are pointing out that irrespective of where the company is based of course it is development at the end of the day, which should be the major focus, but I know views on the creation on Telangana and Hyderabad are very polarised. Now there are also reports that suggest that Hyderabad will be the capital of both Telangana and Andhra Pradesh. What would you like to see the government do with Hyderabad? Should it according to you maybe be a Union Territory, should it be a capital of both the states and how do you think this could possibly change things?
A: I think that in any situation we need to think win-win for both people and the angle is really what is the immediate-term, what is medium-term, what is long-term. In the long-term the development of another city in another region is always better for the country at large and we should focus our thought process on thinking of the country as a whole and in fact continue to be aspiring to be global citizens, put some of the negativity behind us, find the positives of how we can move forward. But I think the important point is for the leadership of Telangana to strive very hard to make every community feel welcome in the region and ensure that they hold onto the positives of Hyderabad city, which is this cosmopolitan nature and environment.
Q: Are you anticipating there could be any impact on investments into Andhra Pradesh and Telangana? There are reports which are already tricking in which says that the real estate sector has already started seeing projects being delayed, payments being delayed because of this entire uncertainty. What are your views on that?
A: Actually, one of the views which many of us in the industry feel is that we wanted a decision. The uncertainty was the problem, now that you have a decision there maybe a short-term temporary blip, but from that onwards my assumption is that both regions will actually grow and in fact potentially the Andhra region will grow faster, but Telangana will grow as well is my feeling and the real estate prices are depressed, business is about spotting opportunities. I believe that both regions are a tremendous opportunities for growth right now - Hyderabad, Telangana and Andhra.
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