
NRIs AP's brand ambassadors
Lokesh called upon the Telugu diaspora to promote opportunities within the state and attract investments. Minister Lokesh was the chief guest at the Telugu Diaspora meeting organised by APNRT at the OVUS Auditorium in Singapore.
Addressing the gathering, Lokesh declared: "NRIs are our brand ambassadors; all NRIs must become partners in the state's development." He emphasized the crucial role of foreign investments in India's economy, noting that Singapore contributes a significant portion of these investments. "Of the total $81.04 billion in Foreign Direct Investments (FDI) India received in the 2024-25 fiscal year, approximately $14.94 billion came from Singapore, accounting for 19 percent of total FDI," he highlighted. "If a large share of these investments comes to AP, our state will become another Singapore," he added.
Lokesh assured the Telugu community in Singapore, Malaysia, Thailand, Vietnam, the Philippines, Hong Kong, Indonesia, Jakarta and Bali that the government is there to support them in any hardship.
"Through APNRT, we are not only resolving your issues but also working to protect our Telugu language, culture, and traditions," he said.
He lauded the enthusiasm of the Telugu community in Singapore. "From landing at the airport to this diaspora meeting, wherever I look, I see Telugu people. I wondered if I was in Singapore or Simhachalam," he quipped. He playfully redefined the term NRI. "Everyone calls you NRIs, or Non-Resident Indians. But in my heart, you are always MRIs – Most Reliable Indians."
Lokesh asserted that the TDP was founded for the self-respect of Telugus, which was upheld by the legendary actor and Sarvabhouma, late Sri Nandamuri Taraka Rama Rao.
He stated that with the Quantum Valley, the world will look towards AP. "Giants like TCS, Cognizant, ANSR, Satva, Sify, and Google are coming to AP. Prestigious educational institutions like SRM, VIT, and Amrita have already arrived, and BITS Pilani will soon be joining them." He highlighted skill development programmes to help people seize opportunities abroad. "We will also encourage MSME companies, as 80 percent of jobs worldwide come from MSMEs." He shared that Tata Group Chairman Chandrasekaran stated that 35 per cent of TCS employees are Telugus, which is why they are coming to AP.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
37 minutes ago
- Hindustan Times
Is Bengaluru's luxury housing market softening amid job losses and economic uncertainty? Experts weigh in
Once considered immune to demand swings, Bengaluru's luxury housing market is showing signs of softening, buyers say. Amid rising white-collar job losses and economic uncertainty, some top developers are offering flexible payment schemes like 25:75 and upfront discounts, deals that were once rare in the ₹2.5 crore-and-above segment. Bengaluru's luxury housing market is showing signs of softening as developers offer 25:75 payment plans and discounts, a shift driven by job losses and uncertainty. (Picture for representational purposes only) (Pixabay) "Several developers are offering 25% upfront payment, the remaining 75% on possession. Were there similar kinds of offers 6 months ago as well? Why are they providing such enticing offers if 'all is well?' one of the buyers wrote on Reddit. This comes at a time when home sales in Bengaluru declined by 8% year-on-year in Q2 2025, dropping to 15,100 units from 16,350 a year ago, even as average property prices jumped 12%, according to ANAROCK data. "After a period marked by aggressive launches and record sales, developers are now exhibiting a more cautious and quality-focused approach. In Q2 2025, the emphasis has noticeably shifted to completing ongoing projects and refining delivery standards rather than aggressively adding to supply," Anuj Puri, chairman of ANAROCK Group, said. Also Read: TCS layoffs: Will job cuts in the tech sector trigger a real estate downturn in Bengaluru? Developers recalibrate strategies amid cautious sentiment Experts say that they are beginning to see some developers recalibrate their offerings, not in a drastic way, but enough to cater to a wider range of buyers. Some are shifting toward mid-premium segments to make homes more accessible. For example, Bengaluru-based Prestige Group is planning to shift focus to the mid-market housing segment in the ₹2 to ₹3 crore range to tap into growing demand from salaried homebuyers seeking quality homes in FY25. "The pivot this year is a conscious move towards mid-segment housing, which continues to see strong demand, especially in tech-driven cities like Bengaluru and Hyderabad,' Praveer Srivastava, senior vice president at Prestige Group, previously told According to Nomaan Ellahi, associate principal partner, Square Yards, this shift is not necessarily due to a collapse in demand. Instead, it's a response to changing buyer behaviour. 'Post-COVID, homebuyers, especially NRIs and HNIs, are looking for not just bigger homes, but better amenities. These are typically available only in projects priced ₹3 crore and above. However, in the last year or so, financial caution has increased, especially with worries of layoffs and tech sector stress.' Since early 2024, major global firms such as Intel, Microsoft, and Tesla have announced large-scale layoffs aimed at cutting costs and improving operational efficiency. Simultaneously, the rapid rise of automation and artificial intelligence is reshaping the IT employment landscape, shifting demand toward specialised skills in emerging technologies. While this transition is opening up new job avenues in advanced tech sectors, experts note that it has also led to a slowdown in hiring for conventional IT roles. Recently, Tata Consultancy Services (TCS) announced plans to trim its workforce by 2% in the 2026 financial year, translating to over 12,000 job cuts. Experts warned that this could mark the beginning of a broader shift, particularly in tech-driven housing hubs like Bengaluru. Longer decision-making cycle slows luxury momentum Vivek Rathi, head of research at Knight Frank India, noted that the decision-making cycle for homebuyers in the premium segment has grown significantly longer. 'Wealth creation has slowed amid financial insecurities driven by the global slowdown, and that affects homebuying confidence. Buyers today are more deliberate; they want to explore all available options, negotiate better deals, and find the 'right' product before closing.' Even with robust sales momentum over the past 2–3 years, inventory levels have built up. 'It now takes about 2 to 2.5 years to absorb available inventory in many areas,' Rathi said. 'It's not a broad-based supply-demand mismatch, but in pockets like the IT corridor, oversupply and aggressive pricing, particularly from Grade A developers, are creating hurdles.' Also Read: Will Bengaluru real estate market be impacted as tech layoffs impact tenants and buyers? Experts weigh in Tech corridors in Bengaluru are feeling the heat Experts said Whitefield, once a star performer in the city's luxury real estate landscape, is a case in point. 'In some cases, Grade A developers are pricing homes ₹1,000 per sq ft above the market average,' said Ellahi. 'When inventory runs into the thousands, such pricing becomes difficult to sustain. Experts pointed out last year that several Grade A developers launched projects in Whitefield and the southern IT corridor of Electronic City. "However, sales momentum in Whitefield was slow, likely due to pricing being on the higher side. That may be one reason why many developers are now expected to focus more on the mid-segment going forward. Still, the luxury segment remains important, offering developers both higher margins and a way to elevate their brand positioning," Ellahi said. In contrast, experts point out prime locations like Indiranagar, Koramangala, and HSR Layout, which have seen consistent luxury demand. "Most developers launching projects in such areas opt for limited units, making the offerings more exclusive and premium, often priced in the ₹2–4 crore range. Beyond ₹4 crore, we're seeing significant traction from HNIs, NRIs, and even buyers from other parts of Karnataka, including neighbouring states like Telangana," Ellahi said. Mid-segment remains the sweet spot, but supply is thin Experts agree that the ₹80 lakh to ₹1.5 crore price band remains the most resilient. 'This bracket is driven by salaried professionals with ₹10–15 lakh annual CTCs,' Ellahi said. 'The issue is that there isn't enough quality supply in this segment, and it's forcing some buyers to either wait or stretch their budgets into higher-risk territory.' Luxury still key for branding, backed by GCC demand Despite current headwinds, developers are unlikely to abandon the luxury segment altogether, experts say. Luxury helps build brand visibility and attracts marquee buyers, they said. 'Moreover, demand from Global Capability Centres (GCCs), which are steadily expanding their footprint in Bengaluru, is offering a cushion against declining IT-led demand.' He said that while IT job insecurity has slowed certain market segments, GCCs are showing long-term commitment to real estate. Their need for housing is helping maintain a base level of demand in key luxury corridors. "If you look at the ₹3 crore home buyer segment, we're essentially talking about households with at least ₹50 lakh in annual income. There are people in Bengaluru who meet this benchmark," Rathi said. He pointed out that much of the demand in this segment is upgrade-driven, people who are looking to move into better homes. "Another important point is that buyers now have access to other income sources like equity investments, which serve as a support system and are currently not under too much stress.


Hans India
an hour ago
- Hans India
Judicial remand of 12 accused extended till August 13
Vijayawada: A special Anti-Corruption Bureau (ACB) court here on Friday extended the judicial remand of 12 liquor scam case accused, including YSRCP MP P V Midhun Reddy, till August 13. The Special Investigation Team (SIT) officials produced the accused before the court upon completion of their previous remand period. Nine accused were brought from the district jail in Vijayawada, while two were brought from Guntur jail. Midhun Reddy was brought to the court from Rajahmundry jail. Midhun Reddy, the Lok Sabha member from Rajampet, was arrested in the case on July 19. The court had sent him to judicial custody till August 1. The custody of 11 accused was also extended till August 1 during the previous hearing on July 22. The accused include Kasireddy Rajasekhar Reddy, former IT adviser to former chief minister Y S Jagan Mohan Reddy; K Dhanunjaya Reddy, secretary in the Chief Minister's Office; Krishna Mohan Reddy, officer on special duty (OSD) to then chief minister; Bharati Cements director Balaji Govindappa, former MLA Chevireddy Bhaskar Reddy, Rajashekar Reddy's personal assistant Dilip Kumar, B Chanikya, Venkatesh Naidu, and Sajjala Sridhar Reddy. After the court extended their custody, they were sent back to jail. The scam had occurred during the YSRCP rule between 2019 and 2024. Investigators reportedly uncovered a kickback network involving nearly Rs 3,500 crore siphoned off over five years.


Hans India
an hour ago
- Hans India
Botcha points out that state's law and order maintenance has gone haywire
Visakhapatnam: YSRCP MLC Botcha Satyanarayana pointed out that anarchy prevails in the state with the coalition's inefficient governance. Speaking to the media in Visakhapatnam on Friday, he said that the state suffers from lack of law and order and the ruling party resorts to making derogatory remarks against women. 'The crime rate has gone up in the state after the coalition government came to power. Rapes and assaults against women and minors have increased in an alarming manner. Also, ganja peddlers are getting the support of the government,' the MLC criticised. During YS Jagan Mohan Reddy's Nellore, Botcha Satyanarayana recalled, police imposed unwarranted restrictions and dug up roads to prevent people from gathering. 'It clearly indicates that the government is scared of YS Jagan Mohan Reddy and there is growing intolerance among people,' he stated. The language being used by TDP leaders against women leaders including RK Roja and ZP chairperson U Haritha shows their audacity and respect for women, the MLC mentioned. Vizag has been gravely exploited by Chief Minister N Chandrababu Naidu and his coterie by allotting prime lands at low prices. 'Lands worth Rs 1,500 crore are being given on long lease to Lulu Group. Former Chief Minister YS Rajasekhara Reddy promoted IT in Vizag while the coalition is merely exploiting the resources,' he said. Students did not get fee reimbursement, farmers are not getting MSP and there is no crop insurance or input subsidy, while women are cheated by false promises, the MLC added.