09-13-2007, 06:25 AM
http://www.ibnlive.com/news/brand-hyderaba...cs/48489-3.html
<b>'Brand Hyderabad' going bust, govt panics</b>
*Shaik Ahmed Ali* <http://www.ibnlive.com/news/author/Shaik+Ahmed+Ali/> / *
CNN-IBN* <http://www.ibnlive.com/news/agency/CNN-IBN/>
*Hyderabad:* Three major bomb blasts within a span of few months and 'Brand
Hyderabad' has already taken a beating.
The industries and information technology departments have reported a
decrease in investment-related queries since the terror attacks.
The state government is now planning a publicity campaign highlighting
security measures taken to combat terror.
The government wants to showcase its latest initiative, the 'Octopus', an
anti-terror cell of 13,000 policemen with an annual budget of Rs 300 crore.
The campaign will cost the state exchequer Rs 30 crore.
"We'll definitely be able to take care of all these multi-nationals through
the governmental agencies by way of providing all the needful information to
them and through their own private security by way of giving training to
them," says Andhra Pradesh Chief Minister Y S R Reddy.
An RBI study says Andhra Pradesh got investment of Rs 25,173 crore in
2006-2007, second only to Gujarat.
Officials maintain that the Mecca Masjid blasts hardly had any impact on the
investments and that between then and last month's twin blasts, Hyderabad
received investments of over Rs 380 crore in the IT sector.
"Leaving apart on such stray incident that has happened unfortunately, the
industry has matured enough to absorb this kind of situations in the long
run, which I'm sure is not going to leave any kind of a serious impact,"
says Director, STPI, E.Manoj Kumar.
A recent World-Bank-IFC study showed Hyderabad as the most business-friendly
city in India. In the wake of the recent terror attacks, it is this image of
the city that may keep investments flowing in, at least for now.
<b>'Brand Hyderabad' going bust, govt panics</b>
*Shaik Ahmed Ali* <http://www.ibnlive.com/news/author/Shaik+Ahmed+Ali/> / *
CNN-IBN* <http://www.ibnlive.com/news/agency/CNN-IBN/>
*Hyderabad:* Three major bomb blasts within a span of few months and 'Brand
Hyderabad' has already taken a beating.
The industries and information technology departments have reported a
decrease in investment-related queries since the terror attacks.
The state government is now planning a publicity campaign highlighting
security measures taken to combat terror.
The government wants to showcase its latest initiative, the 'Octopus', an
anti-terror cell of 13,000 policemen with an annual budget of Rs 300 crore.
The campaign will cost the state exchequer Rs 30 crore.
"We'll definitely be able to take care of all these multi-nationals through
the governmental agencies by way of providing all the needful information to
them and through their own private security by way of giving training to
them," says Andhra Pradesh Chief Minister Y S R Reddy.
An RBI study says Andhra Pradesh got investment of Rs 25,173 crore in
2006-2007, second only to Gujarat.
Officials maintain that the Mecca Masjid blasts hardly had any impact on the
investments and that between then and last month's twin blasts, Hyderabad
received investments of over Rs 380 crore in the IT sector.
"Leaving apart on such stray incident that has happened unfortunately, the
industry has matured enough to absorb this kind of situations in the long
run, which I'm sure is not going to leave any kind of a serious impact,"
says Director, STPI, E.Manoj Kumar.
A recent World-Bank-IFC study showed Hyderabad as the most business-friendly
city in India. In the wake of the recent terror attacks, it is this image of
the city that may keep investments flowing in, at least for now.