KTR in Paris: Minister says state willing to develop industrial cluster for French companies

Highlighting investor-friendly policies and the industrial ecosystem in the state, he invited French businessmen to explore the investment opportunities in Telangana.

By Newsmeter Network  Published on  30 Oct 2021 2:31 AM GMT
KTR in Paris: Minister says state willing to develop industrial cluster for French companies

Hyderabad: Telangana Minister for IT and Industries KT Rama Rao on Friday said the state government is willing to develop a dedicated industrial cluster for French companies particularly SMEs.

In his keynote address at Ambition India Business Forum in Paris, KTR said the Telangana government is ready to consider the suggestions and offers of investors.

"National policies are indeed the prerogative of the central government. In our federal structure, the states also enjoy considerable autonomy in multiple operational issues like allotment of land, providing approval and permissions, helping the companies get trained manpower, preferential procurement policies" he said.

KTR's keynote address drew all-around applause from business and political leaders attending the `Ambition India Business Forum' being held at the French Senate in Paris, the state IT department said in a release here.

KTR was speaking on 'Growth: Drafting the future of Indo-French relations in a post-COVID era'.

Highlighting the welfare schemes and development taking place in the state under the leadership of Chief Minister K Chandrashekhar Rao, he said Telangana is marching ahead in the last seven years.

Highlighting investor-friendly policies and the industrial ecosystem in the state, he invited French businessmen to explore the investment opportunities in Telangana.

"Telangana has a large land bank of about 200 thousand acres with the TSIIC. All these lands are very strategically located and have the best of high-quality infrastructure like power, water, waste disposal, connectivity," he said.

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