He said that since the proposed ITIR is to be developed over 25 years entailing an investment of Rs.2.19 lakh crore, the requisite infrastructure can be created in centers other than Hyderabad as well.
Mr. Srinivasa Rao pointed out that agitations have been rocking the State for the last few years because people in different regions feel that the fruits of development have not reached them. Concentration of political, administrative and economic power in Hyderabad have resulted in uneven economic development and unrest among people.
Mr. Srinivasa Rao said wisdom lies in learning from past mistakes and added that the time has come for decentralization of not merely political power but also industrial projects.
He added the Lok Satta Party is prepared for a debate on the importance of decentralization for balanced development of the State.