IT Minister K T Rama Rao today said India has become a favorite destination for investments and business in multiple sectors. India is only the country with a large number of youth and Hyderabad is the most sought after place for investments in businesses and industries, he added.
The minister was addressing a preparatory meeting for Global Entrepreneurship Summit 2017 at HICC here in the presence of Cyient Founder president BV Mohan Reddy, Nobel Prize awardee Kailash Sathyarthi and young entrepreneurs and businessmen. The meeting was organised jointly by Niti Ayog, T Hub and ISK here.
Speaking on the occasion, the minister portrayed to the young businessmen and industrialists that the youngest State of Telangana is No 1 in “Ease of Doing Business”, encouraging startups with innovative ideas and come out with new inventions to boost the business growth and help financial inclusion, he added.
Stressing the need for more investments in the State, KTR offered the business leaders and industrialists of national and international repute to participate in the growth trajectory of new State. The new industrial policy of Telangana State was offering all permissions in just two weeks which is first of its kind in the country, he claimed. A remarkable number of companies and businesses came forward to invest and expand and now it is prime time that the government is welcoming them for business in the State.
The Telangana industrial policy has been appreciated the world over and the entrepreneurs can make use of the opportunity to partner with State’s growth. The IT minister also explained as how the new government was making rapid strides in IT, Business, industries, aerospace and other sectors. In spite of being new State, Telangana has made significant development in just three-and-a-half years and the young industrialists and businessmen can make their best in the State to make a swift move on development path.
The State government has made all arrangements for the GES-2017 to be addressed by US Government Advisor Ivanka Trump, Prime Minister Narendra Modi, Governor ESL Narasimhan and Chief Minister K Chandrasekhar Rao and others. (NSS)