visakhapatnam the stage is set for the launch of a new regional party in telangana ysr telangana party ysrtp on thursday at a private function hall in the city the launch has been timed with the birth anniversary of former chief minister ys rajasekhara reddy on july 8 the inauguration meeting will be a lowkey affair due to the pandemic along with the unveiling of the party flag and theme song ys sharmila will announce the agenda of her new partythough the capacity of the hall is around 4000 it is expected that around 20000 loyalists will attend the inaugural meeting at 3pm which is set to last for five to six hours sharmilas mother ys vijayamma will be presentunlike in the past when ap chief minister ys jagan mohan reddy and sharmila pay tributes to their late father at idupulapaya in kadapa together party sources said sharmila will go directly to idupulapaya on thursday morning to pay tributes while her brother is expected to visit the samadhi in the eveninginvitations were extended to all the political parties including trs congress and bjp in the state party leaders personally handed over the inauguration invitation to tjs chief m kodandaram and former tdp leader bc leader r krishnaiahthe trs was launched when andhra pradesh was undivided kodandaram floated telangana jana samithi in april 2018 and ysrtp will be the second big regional party to be launched in the stateysr in jagans ysr congress party stands for yuvajana youth sramika working force and rythu farmer plus ysr also is the short form of ys rajasekhara redddy ysr in our party name stands for ys rajasekhara reddy a ysrtp leader said the party theme song was written by epuru somanna a book penned by party spokesperson indira shobhan on welfare schemes implemented by ysr will also be launched on the occasion