The Hindu : Andhra Pradesh / Hyderabad News : Hyderabad ‘loses’ 5,000 jobs due to blasts

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Friday, Aug 31, 2007
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Andhra Pradesh

Andhra Pradesh - Hyderabad

Hyderabad ‘loses’ 5,000 jobs due to blasts

Special Correspondent

Media advisor to PM reveals this info at Dr. Waheeduddin Khan memorial lecture

Photo: Mohd.Yousuf

Making a point: Sanjaya Baru, media advisor to Prime Minister, gestures while delivering Dr. Waheeduddin Khan memorial lecture, in Hyderabad on Thursday.

HYDERABAD: In what could be the first aftershock of the recent macabre bomb blasts, the city has just lost a unit of a multinational corporation and along with it 5,000 jobs.

This was disclosed by Sanjaya Baru, media advisor to the Prime Minister, while delivering Dr. Waheeduddin Khan memorial lecture on “The local and global in Hyderabad’s development”, at the Centre for Economic and Social Studies here on Thursday.Responding to questions from the audience, Dr. Baru narrated how a passenger, a top executive of the MNC, broke this news to him on board the New Delhi-Hyderabad flight. The board of the MNC was to decide whether it should set its shop in Hyderabad or Kuala Lumpur.

The bomb blasts led the board to plump for Kuala Lumpur. Dr. Baru took the audience to the hoary past when Golconda kingdom had the port of Machilipatnam linking them to the world outside.

The road connecting the two was the umbilical cord that linked Hyderabad to the Andhra coastline and from there to global markets. CH. Hanumantha Rao, member, National Advisory Council, K. J. Krishna, chairman of the CESS and S. Mahender Dev, Director, CESS, spoke.

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