Venture capitalist Srini Raju and promoter of the city- based Ilabs said that political parties who want to come to power in Seemandhra should have a common minimum program on at least five points related to the state's development.
"All development happens due to good governance and policies. Investment is done by private parties. We can bring lot of investments to the state, but we will have to give them returns also," he said.
He said that the Seemandhra region could be positioned as a manufacturing hub, with incentives announced by the central government during the bifurcation.
According to him, the new state would be surplus in power, land and water resources for manufacturing facilities.
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CII Andhra Pradesh's past chairman Y Harish Chandra Prasad said that there is an urgent need for a new capital for the residuary state of Andhra Pradesh.
"This is mainly due to overwhelming growth in Hyderabad. This is the time we should develop the Seemandhra area. The package announce by the government will further boost economic activity in the region," Prasad said.