Sunday, Dec 15 2024 | Time 04:17 Hrs(IST)
image
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.
MORE UNI KNR CS 1725
Please log in to get detailed story.
Tags: #TRS govt to start focusing on investments looking to move away from China : Minister
More News

Techwave opens Next Generation office & AI Engineering Hub in Hyderabad

14 Dec 2024 | 5:27 PM

Hyderabad, Dec 14 (UNI) Techwave, a leading global IT and engineering solutions firm, on Saturday announced the inauguration of its second office space in Hyderabad and the opening of its first AI Engineering Hub.

see more..

Kottayam-Kochi Rubber Market Rates

14 Dec 2024 | 5:26 PM

Kottayam, Dec 14 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Max Life Insurance rebrands to Axis Max Life Insurance

Max Life Insurance rebrands to Axis Max Life Insurance

13 Dec 2024 | 8:13 PM

Kolkata, Dec 13 (UNI) Axis Max Life Insurance Ltd, formerly known as Max Life Insurance Company Ltd, has announced the inclusion of ‘Axis’ in its corporate name following the Corporate & Regulatory approvals.

see more..
YES BANK launches YES Business

YES BANK launches YES Business

13 Dec 2024 | 8:02 PM

Kolkata, Dec 13 (UNI) YES BANK has announced the launch of YES Business, an initiative to sharpen its focus on the business segment and address their needs.

see more..

Amazon will return more water to communities in India than it uses by 2027

13 Dec 2024 | 7:54 PM

Kolkata, Dec 13 (UNI) Amazon on Friday announced it has set a goal to return more water to communities in India than it uses in its direct operations by 2027.

see more..
image