KCR Woos Industrialists, Eyes Rs 70K Crore Investments

Exuding confidence, Chief Minister K Chandrasekhar Rao said Telangana can attract investments to the tune of Rs 70,000-80,000 crore.

He said this after inaugurating Cincinnati-based Procter and Gamble’s (P&G) Rs 900-crore facility and Cogent Glass’s Rs 200-crore plant near Addakula and Vemula mandals respectively. He also laid the foundation stone for New Jersey-headquartered Johnson & Johnson’s (J&J) largest manufacturing facility in the country near Kothur involving Rs 400-crore investment.

All the three plants together are expected to provide employment to nearly 5,000 locals. “Nearly 20 lakh acres is available in the State for industrial purpose. In Mahbubnagar alone, 35,000 acres is available,” said Rao, adding the State will soon unveil the much-awaited Industrial Policy (2015-2020).

‘’The policy will be transparent and ensure zero-corruption. It will have single-window clearances and industrialists will be given approvals within 15 days,’’ he said.

He said he himself would hand over approval papers in an envelope to the industrialists who would be chaperoned from airport to his office and back to the airport. He said the industrial policy would be the best in the entire world. Assuring to fix the prevailing power shortage, Rao said within the next three years Telangana will be power-surplus.

He said 6,100 irrigation tanks in the district would be revived as the government will be spending Rs 20,000 crore for minor irrigation in next four years.

Declaring that he will strive for the development of Telangana, Rao said he wanted the State to progress in every sector. ’Palamoor has a special place in my heart. It is as Mahbubnagar MP I had achieved Telangana State. I am determined to see the district prosper and see that there is no more migration from the district,” he added.

Source: The New Indian Express

Leave a Reply

Your email address will not be published. Required fields are marked *