Hyderabad, May 12 -- Bharat Rashtra Samithi (BRS) MLC K Kavith on Monday, May 12, accused the Telangana government of planning to convert the Telangana Industrial Infrastructure Corporation (TGIIC) into a public company.

Kavitha alleged that the Congress government plans to mortgage 1.75 lakh acres of land belonging to the TGIIC. The government issued GO 12 on April 15, authorising the change in TGIIC's status from a private limited company to a public limited entity.

The move is meant to facilitate larger borrowings by enabling access to capital markets through bonds, debentures, or even a potential IPO. Addressing a press conference at the Telangana Bhavan, the MLC displayed the government order accusing the Congress government of mor...