The newly formed Telangana state has proved itself to be the most convenient place for setting up industries, said IT minister Mr K T Rama Rao.
The fast-developing state turned into a destination for foreign investments with its industry-friendly policies and incentives. “The Telangana state brought out TSiPASS, a sought-after policy for entrepreneurs. It has set up a land bank to allocate required land, building infrastructure, and spending its own funds to produce skilled personnel for the industries,” Mr Rama Rao said taking part in a virtual meeting organized by the European Business Group here. He wanted the delegates to spread the word about the investment-friendly environment prevailing in Telangana state.
According to him, presently, the state promotes exclusive industrial parks such as Pharma City, Kakatiya Mega Textile Park, and Medical Devices Park among others. Already more investments have come in Aerospace, Defence, Life Sciences, Food Processing among the 14 sectors being promoted by the TRS government.