Hyderabad, Aug. 19 -- IT Minister Sridhar Babu claimed that the allegation by BRS leader KT Rama Rao that Kaynes Semiconductor shifted from Hyderabad to Gujarat because of the Telangana Government's failure is nothing but an outrageous lie.

"This is a cheap attempt to throw mud on others to cover his own shortcomings. Spreading falsehoods has always been his habit," said IT Minister Sridhar Babu.

"The truth is simple: Kaynes did not 'flee' Telangana. It was lured to Gujarat only because the Central Government and the BJP State Government there showered massive subsidies. KTR knows this very well, but chooses to mislead the people of Telangana with baseless allegations deliberately," he said further.

Adding further, the PRO mentioned, "...