"@ysjagan is not just destroying Andhra Pradesh with his foolish decisions, but also hurting India's brand equity as an investment destination. It is time for people of AP to join hands and teach this despot a lesson," he said in a follow-up tweet.
Amaravati Development Corporation (ADC) and Singapore Amaravati Investments Holdings (SAIH) had formed a joint venture called Amaravati Development Partners to develop a startup area of 6.84 sq km in Amaravati capital region when the earlier TDP government was in power.
The Andhra Pradesh Capital Region Development Authority (APCRDA) Commissioner has concluded that the objective of startup area has not served its intended purpose. Accordingly, partner companies were asked to withdraw their share capital.
The Singapore government also issued a statement saying that the decision was mutual but added that it had cost the consortium companies several million dollars.