KTR highlights Telangana's investor-friendly policies at PAFI's eighth National Forum
Telangana minister for municipal administration K.T Rama Rao on Friday said the state was the first in India to offer self-certification by industry and has the largest land bank for industrial infrastructure corporation spanning across 200 thousand acres.
By Newsmeter Network Published on 22 Oct 2021 2:29 PM GMT
Hyderabad: Telangana minister for municipal administration K.T Rama Rao on Friday said the state was the first in India to offer self-certification by industry and has the largest land bank for industrial infrastructure corporation spanning across 200 thousand acres.
Speaking at the Public Affairs Forum of India's (PAFI) eighth National Forum held virtually KTR said that investors were not just economic investors for the state but partners in Telangana's growth story. He further highlighted that the state offers 24X7 high-quality power, is the second-largest renewable energy producer in the country, and through Mission Bhagiratha has been able to connect one million households through tap water.
KTR said that while other states have job reservations for local people, Telangana has flipped the policy by giving the usual incentives on capital subsidy, power, and SGST, etc. to any industry that hires locals.
Telangana has prioritized 14 sectors - IT, electronics, life sciences, biotech, pharmaceuticals, medical devices, defense, aerospace, food processing, textiles, automotive, including electric vehicles, plastics and chemicals, gems and jewelry, retail, and logistics, among others and welcomed investments of many kinds.
Telangana principal secretary for industries and commerce and Information Technology Jayesh Ranjan, said that in the last seven to eight months, the state has taken big-ticket investments. American EV manufacturer Triton, for instance, has decided to make a big investment of Rs. 2,200 crore in the state, he siad.
FICCI secretary general Dilip Chenoy added that the state has focused on women entrepreneurs and has set up industrial parks.
