New Delhi/Telangana: “What makes Telangana an attractive destination for investment and local employment is the highest level of trust and respect that we have in our investors. They are not just economic investors for us but they are our partners in growth story,” according to Mr. KT Rama Rao, Cabinet Minister for IT E&C, MA&UD and Industries and Commerce Department, Government of Telangana at the Public Affairs Forum of India (PAFI)’s 8th National Forum that was held virtually today.
Mr. Rao further highlighted that Telangana was the first state in India to offer self-certification by industry. It has the largest land banks for industrial infrastructure corporation for the state of Telangana spanning across 200 thousand acre. The state promises 24×7 high quality power, is the second largest renewable energy producer in the country and through Mission Bhagiratha it has been able to connect one million households through tap water.
Promising prospective investors’ quality human resource, Mr. Rao mentioned that through Telangana Academy for Skill and Knowledge (TASK) the state provides skillset to the manpower at its cost as it wants to see locals as employees. Where other states have come up with local reservation, Telangana has flipped the policy by giving usual incentives as per industrial policy but additional incentives on capital subsidy, power, and SGST etc. will be given on hiring of locals.
Telangana has prioritised 14 sectors i.e. IT, electronics, life sciences, biotech, pharmaceuticals, medical devices, defence, aerospace, food processing, textiles, automotive including electric vehicles, plastics and chemicals, gems and jewellery, retail, logistics among others thus welcoming investment of many kinds.
In all ways, Telangana has ensured that wealth creators, entrepreneurs and employment generators from private field are respected, feel at home and above all, are treated as partners and not as investors.
Mr. Jayesh Ranjan, Principal Secretary Industries & Commerce (I&C) & Information Technology, Electronics and Communications (ITE&C), Govt of Telangana said, “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 with the state seeing the stability, perfect law and order and transparency the state offers. Another Korean winterwear manufacturing company, Youngone Corporation, is soon setting up eight factories.”
Mr. Dilip Chenoy, Secretary General, FICCI said, “The state has focused on women entrepreneurs, has setup industrial parks and the strategy and plans that the minister has in place is very effective. Industry sees in the minister a champion in the cause. Irrespective of the challenges, the minister has always found solutions.”
Mr. Manish Patel, Vice President, India Operations, DHL Express India gave the welcome address. Mr. Anand Vijay Jha, SVP & Chief Corporate Affairs Officer United Breweries Limited and Mr. Ajay Khanna, Forum Chairman & Co-Founder, PAFI and Group Global Chief Strategic & Public Affairs, Jubilant Bhartia Group in their closing remarks thanked Telangana for being the partner state. The session was moderated by Mr. Pranjal Sharma, Economic Analyst, Advisor and Author.