Demand for separate Telangana state has badly hurt the economy of Andhra Pradesh. Frequent bandhs and violent agitation has affected many industries. Companies have opted for a wait and watch policy before investing in the state. There are instances where the state has lost huge investments as companies have opted for other places for investment. Bharat Forge has opted to open their unit in Gujarat instead of Andhra Pradesh and French car manufacturer Peugeot and steel giant ArcelorMittal has put a hold on their investment proposal. Others on this list included Sri Lankan apparel manufacturer Brandex, the multinational United Health Group, and JP Morgan.
Among different industry, pharmaceuticals and bulk drug manufacturing units have lost over Rs. 500 crore. Since they cater to African markets, the exports have come to a standstill and stocks are piling up in their godowns. Chief Minister Mr.Rosaiah is concerned about the growth of the state and also the consequences of this indefinite agitation which has affected almost the entire population
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