Telangana has become a hub for investments: KTR
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).
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
The Hans India