Member of Parliament Rayapati Sambasiva Rao said on Thursday that the new party to be floated by former Chief Minister N. Kiran Kumar Reddy would have a bright future.

Speaking to mediapersons at Kotappakonda shrine, Mr. Rao said that a decision on launching the new party had been made already and would be announced in two days.

Mr. Rao, along with MPs Lagadapati Rajagopal, G. Harsha Kumar, Sabbam Hari, Undavalli Arun Kumar, has been vocal in his support of Mr Kiran Reddy’s stand on bifurcation of the State.

The MP further said that 50 per cent of seats would be allotted to those who had been in the forefront of the agitation and exuded confidence that the new party would do well in the elections.