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Business EconomyPosted at: Jun 11 2020 5:25PM


TRS govt to start focusing on investments looking to move away from China : Minister

Hyderabad, Jun 11 (UNI) Telangana Minister for IT and Industries, K T Rama Rao on Thursday said “in order to attract investments, create employment, and to make it conducive for businesses to thrive in the state, the government is not only focusing on ease of doing business but also on reducing the cost of doing business and also improving the quality of doing business.
Addressing a special session on ‘Rebuilding and Rebooting Telangana’s Economy Post COVID-19’ organized by FICCI, Mr Rao also urged the Indian industry to come forward and invest in the state.
Using this COVID crisis as an opportunity, Mr Rao said that the state government will start focusing on the investments which are looking to move away from China and other large manufacturing countries.
“Telangana is open for business and we are looking for investments in high employment generating sectors like textiles, electronics, life sciences, IT, and we will continue our endeavour to bring more investments,” he added.
Mr Rao said that the state government has been focusing on these steps and engaging with industry and all stakeholders at multiple levels.
India needs to think on scale so that our healthcare and life sciences industry becomes competitive and is not import dependent. “We need to think of scale, we need to think about mega industrial parks, he said.
The world’s largest pharma cluster ‘Hyderabad Pharma City’ will be coming up in Telangana in the next few months, the Minister said this will reduce dependence on any other market across the world.
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