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Telangana has become a hub for investments: KTR

Oct 25, 2021
Telangana has become a hub for investments: KTR

Hyderabad

Telangana Information Technology and Industries Minister KT Rama Rao informed about the reforms brought out by the government to attract investments and also about the TSiPASS to the European Business Group (EBG).

Explaining the TSiPASS to the EBG in a webinar, Rao said that this policy brought about a number of path-breaking reforms that were never been thought of in the country. There are many salient features in this law relating to self-certification and time-bound guaranteed approvals, he said.

The Minister said that the State government was giving top priority to sectors including IT, electronics, life sciences including pharmaceutical, biotech and medical devices, defence and aerospace, food processing, textiles, automotive including EV, plastics and chemicals, gems and jewellery, retail and logistics. He also stated that Telangana also has the highest industrial land bank in the country, and in that sense, it becomes very easy for the government to identify a suitable land parcel for allotment to the industries, without going through the complexities of a land acquisition process.

The Minister highlighted that the State was power surplus with high-quality power. He also mentioned that high-quality skilled manpower was available for the industries and that, Telangana also offers multiple non-financial advantages. Being located in the centre of the country, the state offers the best bet for logistics. Because of all these reasons, Telangana has become a go-to destination for some of the most marquee names from across the world as well as domestically.

Source: The Hans India

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