BS Reporter Chennai and Hyderabad
Industrialists are afraid that Hyderabad, which accounts for nearly 60 per cent of the industrial activity in Andhra Pradesh, will go the Kolkata way as far as investments are concerned.
They said the movement for a separate statehood to the Telangana region was taking its toll.
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Is Hyderabad going the Kolkata way?
Image: A girl celebrates Holi in Hyderabad.According to the Federation of Andhra Pradesh Chambers of Commerce & Industry, what is happening to Hyderabad today on the industrial front is comparable to what happened to Kolkata.
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Is Hyderabad going the Kolkata way?
Image: Pigeons fly against the backdrop of the historic Charminar monument.But no more.
In fact, there had been a flight of capital from the city over a period of time, thanks to frequent agitations and labour problems.
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Is Hyderabad going the Kolkata way?
Image: White tigers swim at the zoological park in Hyderabad.The cities that were stated to being benefited at the cost of Hyderabad were Pune, Bangalore, Chennai and Gurgaon.
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Is Hyderabad going the Kolkata way?
Image: A view of Golconda Fort in Hyderabad.Photographs: Courtesy: Wikimedia Commons
And, there were 17 bandhs in the past one year resulting in a production loss of about Rs. 6,800 crore (Rs. 68 billion).
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Is Hyderabad going the Kolkata way?
Image: A child rests inside tomato pulp in Hyderabad.The industrial power consumption during a day's shut-down declines by 400-500 Mw.
Fapcci senior vice president, Devendra Surana, said Hyderabad had lost 20,000 jobs in the manufacturing sector and an additional 40,000 jobs in the services sector due to the ongoing agitation.
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Is Hyderabad going the Kolkata way?
Image: A salesman arranges gold jewellery at a shop in Hyderabad."For instance, Xerox, which had planned to set up another unit here is now setting up a plant in Tamil Nadu.
"So is Quard Cables and auto components outfit of the Surana group. This meant a loss of 1,000 jobs," Surana said.
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Is Hyderabad going the Kolkata way?
Image: A man arranges bottles of perfume in Hyderabad.These include Intelligroup, Cognizant and Kedia Infotech.
Surana said even he was being forced to set up an auto components unit in Chennai.
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Is Hyderabad going the Kolkata way?
Image: Dancers perform in Hyderabad."This had cost me Rs. 5 lakh as against my usual expenditure of Rs. 20,000. Now, the auto makers are forcing me to set up a unit in Chennai to avoid any disruption in the supply chain," he said.
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