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Addressing a press conference, Reddy clarified that the decision was taken to avoid “unnecessary discussions” that might imply favoritism towards the state government or the Chief Minister. “I and my Cabinet colleagues do not want to be involved in any situations that could harm the image of the government or myself,” he stated.
The donation, proposed as part of the Adani Group’s Corporate Social Responsibility (CSR) initiatives, was formally declined in a letter sent by state official Jayesh Ranjan to Dr. Priti Adani, chairperson of the Adani Foundation.
“We are thankful to you for committing ₹100 cr to Young India Skills University on behalf of your Foundation vide your letter dated 18.10.2024. We have so far not asked any of the donors for physical transfer of funds since the University had not received the IT exemption under section 80G,” the letter read.
“Though this exemption order has now come recently, I have been instructed by Hon’ble Chief Minister not to seek transfer of funds in view of the present circumstances and arising controversies,” it added.
Reddy also emphasised that the state government had not accepted any monetary contributions for the university from any organization, including the Adani Group, as the institution had not yet received its Income Tax exemption under Section 80G. While the exemption was granted recently, the government opted to decline the funds to avoid any potential disputes.
The Chief Minister reiterated the state’s commitment to transparency, saying, “We are thankful for the generous offer, but we have made this decision to protect the integrity of the government and the project.”
The Young India Skills University, being established by the Telangana government, aims to provide vocational training and skill development opportunities for the youth. Despite this setback, the state remains focused on securing support for the initiative through other avenues.
With PTI inputs.
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