700 firms move their registered offices from Hyderabad to Andhra !!

Economic times reports that
  • In the last few months, over 700 small and medium sized companies moved their registered offices from Hyderabad to different towns/ cities in Andhra. The only reason was to pay their taxes in their home state and help it financially.
  • Moreover, what is also surprising is that since June 2nd 2014 (ie in the last 22 days) 118 new firms registered in Andhra vs only 12 in Telangana.
  • It also states that many construction / infra firms are waiting to liquidate their assets in Hyderabad so that they can make fresh investments in Andhra.

You can READ the Economic Times report HERE. 

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