The newly-formed Congress government in Telangana is giving new assurances to domestic and foreign investors. It is mainly holding discussions with the representatives of IT and ITES companies and clearing their doubts. In this regard, Chief Minister Revanth Reddy and IT Minister D Sridhar Babu are holding discussions with the representatives of various organisations and explaining their government’s priority to them specifically. They promise to provide incentives to industries and IT organizations. Gradually, investors are gaining confidence in the Congress government. That is, it can be said that the Congress government is trying hard to remove all the misconceptions about them.
Construction of new metro lines…
Telangana CM Revanth Reddy has made it clear to the officials that there should be new metro lines in Hyderabad for the benefit of the people. In this order, plans will be prepared to lay a metro line connecting the East-West Corridor from Taramatipet near Pedha Amberpet to Narsingi. Similarly, metro rail connectivity from the airport area to Kandukur on the Srisailam Highway will be planned. Metro Phase-III plans to extend from JBS Metro Station to Shameerpet. He said there is a need to establish a metro from Paradise Metro Station to Kandlakoya/Medchal. The Metro will be established from the city to the airport. Moreover, the construction of the metro to Shamshabad Airport from Rayadurgam feels like less use to commuters, according to the CM.
Friendly industry policy…
It is noteworthy that the government is intensifying its efforts to bring in a friendly industry policy to infuse new industries. In the state of Telangana, urban clusters, regional clusters, and semi-urban clusters are encouraging the establishment of industries in three ways. The government says that companies will be encouraged to invest in Telangana. Sanjay Mehrotra, President and CEO of Micron Technology, the world’s largest memory chip manufacturing company, recently met the Chief Minister of the state. He came from America, especially to meet the CM. He expressed happiness that there is a favourable environment for investments and the establishment of industries in Telangana. CM Revanth Reddy, Deputy CM Mallu Bhatti Vikramarka, and others had a meeting with the representatives of Amazon. Chief Minister Revanth Reddy hosted the representatives of 13 countries, including America, Iran, Turkey, the UAE, the UK, Japan, Thailand, Germany, Sri Lanka, Bangladesh, Australia, France, and Finland. The priorities of the congressional government were explained to them.
Meeting with IT companies…
IT Minister Duddilla Sridhar Babu recently held a special meeting with various IT organizations. The doubts of the representatives of the respective organisations were cleared. He participated in the launch of Adani’s indigenous Drishti 10 Starliner UAV.
for the Indian Navy at the Adani Defence and Aerospace Centre in Shamshabad. He said that Telangana is an important centre for the aerospace, aviation, and space industries. He said that there are many aerospace and associated parks in the state to establish aerospace manufacturing, servicing, engineering, and training institutes.
