Hyderabad: Telangana IT and Industries minister, KT Rama Rao (KTR), who is currently on the United Kingdom (UK) tour, pitched Telangana as an ‘ideal investment destination’ at an investment roundtable hosted by HE Vikram K. Doraiswami, the Indian High Commissioner in London.
The round table was attended by potential investors from various industries.
The Minister’s presentation showcased the ‘remarkable growth’ of Telangana in the last nine years, highlighting its progress in addressing basic issues and prioritizing innovation, and infrastructure creation. He emphasized that Telangana’s economy is growing at a brisk pace with tremendous growth in both agriculture and IT. “At the same time, rapid industrialization and improvement in green cover was witnessed,” he added.
Minister KTR also spoke about Telangana’s “progressive industrial policy and revolutionary single window system, TS-iPASS, which streamlines investment processes and reduces bureaucratic red tape”.
Hyderabad, Telangana’s capital, was highlighted as a ‘tech powerhouse’ generating the highest number of tech jobs in the country. The state’s robust ecosystem for electronics, aerospace and defense, food processing, mobility, and textiles sectors were also showcased by the minister during his presentation, a press note informed.
KTR added that Telangana has the ‘most comprehensive innovation ecosystem’ with research organizations, educational institutions, startups, and marquee companies across sectors. The Minister specifically mentioned about the Telangana government’s collaborations with UK educational institutions like King’s College and Cranfield University.
The Industries minister further said that Telangana is situated on the Deccan Plateau, which is safe from all kinds of disasters. He explained to the prospective investors on how five revolutions were unveiled in Telangana which offers numerous opportunities for the food processing sector. “The Telangana government is committed to providing investors with a favorable and inclusive environment to promote partnerships and celebrate investments,” the Minister said.
During his address, Indian High Commissioner in London, HE. Vikram K. Doraiswami, highlighted ample collaboration opportunities in sectors such as heavy machinery, aviation and defense, entertainment, and education during the investment roundtable in London.
He praised Hyderabad for its world-class infrastructure and its multicultural environment, making it a perfect destination for investors. Doraiswami emphasized the importance of nurturing partnerships and celebrating investments.
British Indian businessman Karan Bilimoria commended the remarkable achievements of Telangana during the investment roundtable hosted by the Indian High Commission in London.
He praised the state’s infrastructure and particularly mentioned the new Secretariat building, Dr. BR Ambedkar Telangana State Secretariat, as ‘fabulous’. Bilimoria also lauded the noteworthy development of Telangana in the past decade, with the state doubling its per capita income in less than ten years. He expressed his happiness to hear about the growth and development of his hometown Hyderabad, calling it great news.
Jayesh Ranjan, Principal Secretary of IT and Industries Departments, E Vishnu Vardhan Reddy, Special Secretary, Investment Promotion & NRI Affairs, were present at the occasion.
