‘AP offers good investment chances’

V.K. Rakesh Reddy
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Richard Hyde
Richard Hyde

British Deputy High Commissioner in Hyderabad, Mr. Richard Hyde, said here on Thursday that Anantapur district stood good prospects of garnering investment from overseas companies, given its location between two major cities – Hyderabad and Bangalore.

“I was struck by the fairly arid climate, with paddy fields strewn here and there. It all made sense when officials told me that Anantapur and Bellary were among the poorest regions as per a gazette notification issued in 1904 during British India,” Mr. Hyde said. “Yet, I am not as pessimistic as many may be. It clear that there are opportunities but its how the rest of the gap (creation of resources such as water and communications), which would make the difference,” he said when asked on the possibility of British companies investing in the region.

He, however added that foreign companies investing in any region boiled down to getting the ‘first one through the door’ to invest. The rest would follow. “Look at Bangalore in the 1970s and now. Take Hyderabad – HITEC city was built and companies followed suit one after another”, he quipped.

Trip to Anantapur

Mr. Richard Hyde is currently on a two-day trip to Anantapur district as part of a series of familiarisation visits and to understand the challenges and opportunities in the State. “Andhra Pradesh, irrespective of who is in power, over a number of years has successfully attracted foreign investment”, he said.

He said that the British Deputy High Commission was trying to transform lives of rural Indian people by giving them skills that were needed for the industry.



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