Saturday, Apr 20 2024 | Time 13:43 Hrs(IST)
image
Business EconomyPosted at: Aug 21 2020 5:53PM


Telangana govt planning for massive urban reforms to benefit Industry, Citizens : Minister

Hyderabad, Aug 21 (UNI) Telangana IT and Industry Minister K T Rama Rao has said that the state government is planning for massive urban reforms to benefit Industry and citizens along with a call for launch of first of its Kind Green Space Index for Urban Local Bodies (ULBs).
Confederation of Indian Industry organized a Virtual Conference on "Telangana's Real Estate & Infra Prospects in the COVID World" with the theme To Rise up to the New Normal on Friday on a Webex Platform.
The objective of the Conference was to create a roadmap for relooking at its Real Estate and Infrastructure development priorities in the COVID new normal scenario.
Addressing the conference, Mr Rao said that Hyderabad has been rated as one of the most dynamic cities in the world and it is the largest office space absorber in the country.
In the next decade, the state government would invest heavily in the infrastructure sector, he added.
Telangana Government is planning to come up with IT Park in Kompally region and also in Uppal region of Hyderabad and also integrated townships.
As part of Haritha Haram, the State Government is promoting plantation in a big way and is also planning to launch Green Space Index for 141 towns and cities in Telangana.
He appreciated the work of CII in promoting Green Buildings and asked if the latter could develop the CII Green Space Index model.
Mr Rao also asked home grown builders to rise the bar with regard to quality standards and labour welfare interventions.
Mr Krishna Bodanapu, Chairman, CII Telangana & Managing Director, Cyient Limited complimented the efforts of Government of Telangana on allowing the infrastructure sector to continue the operations amid lockdown and Covid challenges.
Hyderabad has always proven to be the most resilient city in India, with more and more companies investing in the city which gives a lot of hope, pride and confidence of getting growth back.
The proactive and transparent government policies enabled the state to grow faster, Mr Bodanapu said.
Mr Ramesh Nair, Managing Director, JLL India said that amid Covid situation, still India is the third largest economy in the world behind US and China on purchasing power parity basis.
India’s growth is estimated to grow 9.5 per cent nominal GDP in the next 10 years, he added.
India is likely to have the second largest middle class segment by 2030. The FDI inflow in 2020 is going to be the highest and close to 1.4 trillion dollars of projects have been drawn up under the National infrastructure pipeline.
The IT industry is expected to become 350 billion dollars by 2025 against the current 190 billion dollars, he added.
During the conference a report on Hyderabad Real Estate- A Road map amid the COVID-19 Crisis was released.
UNI VV CS 1750
Please log in to get detailed story.
Tags: #Telangana govt planning for massive urban reforms to benefit Industry# Citizens : Minister
More News

IREDA nets all-time high at Rs 1,252 23 cr in FY24

19 Apr 2024 | 8:38 PM

New Delhi, April 19 (UNI) Indian Renewable Energy Development Agency Ltd. (IREDA), the nation's largest pure-play green financing NBFC, Friday announced an all-time high net profit of Rs. 1,252.23 crore in 2023-24, a 44.83 per cent jump over the previous fiscal year 2022-23.

see more..

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
image