KTR Criticizes Govt Plan To Mortgage Land
Hyderabad, July 10 (Maxim News): BRS Working President KTR has strongly criticized the state government’s decision to mortgage government lands. Through a statement on X, he condemned the Congress government’s actions, stating that the BRS is firmly against such pledging of lands. KTR described the move to mortgage 400 acres of land as ill-advised.
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He targeted Chief Minister Revanth Sarkar, accusing him of mismanaging the state’s financial sector and opting for a dangerous way to raise funds. According to KTR, there is information that 400 acres of government land, worth 20,000 crores and belonging to the Telangana Industries Department, are being mortgaged to private finance companies, with an expected collection of 10,000 crores.
Media reports indicate that a merchant banker has been appointed as an intermediary to mortgage the lands to private finance companies, with a commission of 100 crores being promised. KTR warned that this reckless action would permanently cripple Telangana’s progress, hindering new investments, industries, and job creation, and jeopardizing the education of future generations.
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KTR specifically criticized the decision to mortgage land in key industrial areas like Kokapet and Rayadurgam, calling it an ill-advised move. He noted that the state’s industrial sector has been stagnant for the past seven months, with no new investments since the Congress government took power.
He further alleged that even existing companies are not receiving proper support, as the Congress party prioritizes political purposes over industrial development. KTR questioned the future of companies looking to invest in the state and how the youth will secure new jobs without such investments (Maxim News).
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