HYDERABAD: Despite Hyderabad’s reputation as a major economic hub, Telangana’s first chief minister K Chandrasekhar Rao will have a hard time attracting investors because of the business-friendly reputation of Chandrababu Naidu , who will lead truncated Andhra Pradesh Unless Rao, 60, quickly dispels the impression that he and his Telangana Rashtra Samithi party are hostile to settlers from Andhra Pradesh, Naidu will be pulling in most of the new investments and possibly even entice some to shift from Hyderabad to his state, business executives and analysts said. “We hope the TRS government will prove itself with proactive investor-friendly policies and dispel the apprehensions among the non-local businessmen since the days of agitation are over and time for development should begin,” said K Sudheer Reddy, president of the Telangana Industrialists’ Federation.Telangana and Andhra Pradesh come into being as separate states on June 2. Naidu’s Telugu Desam Party won a majority in Andhra Pradesh and TRS in Telangana. Hyderabad, which will be the joint capital for 10 years, is home to large global corporations such as Microsoft, Google and Facebook as well as domestic information technology firms TCS Infosys and Wipro While Hyderabad has an advantage, ironically Naidu is apportioned much of the credit for the rapid development of the city during his tenure as chief minister between 1995 and 2004, Andhra Pradesh will enjoy tax incentives for the next five years.Moreover, Naidu will be sharing power at the centre as part of the NDA while Rao has blotted his copybook with prime minister-designate Narendra Modi by repeatedly attacking him during the election campaign.Hundreds of businessmen who campaigned for the Telugu Desam Party in Andhra Pradesh are now preparing a blueprint to attract largescale investments in a state that has the country’s largest coastline. Naidu himself is confident of winning support from global investors and is asking Rao to mind his language, referring to the rhetoric against businessmen with origins in Andhra Pradesh.“I will be happy if the TRS government in Telangana competes with me in attracting investments for creating wealth and jobs for the people for which the mandate was given,” he said recently.