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Naidu Invites WB, ADB to Partner In Amaravati Development

Naidu said he invited both banks to partner in this endeavour to create a futuristic capital city for Andhra Pradesh….reports Asian Lite News

Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday invited the World Bank and Asian Development Bank to partner with the state government in the development of the state capital Amaravati. 

The Chief Minister met representatives of the World Bank and the Asian Development Bank (ADB) here and discussed the state government’s vision and plans for Amaravati.

Naidu said he invited both banks to partner in this endeavour to create a futuristic capital city for Andhra Pradesh.

This was the first meeting Naidu had with the officials of the World Bank and ADB after assuming office in June. Immediately after his return as the Chief Minister after a gap of five years, Naidu decided to revive his dream project of Amaravati as the state capital. He had envisioned Amaravati on the banks of the Krishna River as a dream capital and a world-class city about a decade ago and had taken up works on a few components when the Telugu Desam Party (TDP) was in power between 2014 and 2019.

Naidu had got the master plan for Amaravati prepared by Singapore. With nine theme cities and 27 townships, it was planned in an area of 217 square kilometres as a world-class city. Amaravati then attracted the attention of investors from countries like Australia, Japan, Germany, Singapore, and the UK.

However, the Amaravati project had come to a grinding halt in 2019 after the YSR Congress Party (YSRCP) came to power and it decided to develop three state capitals with Visakhapatnam as the administrative capital.

After the YSRCP government’s three capitals announcement, investors had pulled out of Amaravati.

The World Bank and the Asian Infrastructure Investment Bank (AIIB) were the first to pull out of a project to fund Amaravati’s development. The World Bank and AIIB had committed $300 million and $200 million respectively for the project. Naidu is now trying to restore the confidence of the investors.

His plan to revive the development of Amaravati received a boost last month as the BJP-led NDA government at the Centre announced in the Union Budget that Rs 15,000 crore will be arranged during the current financial year for the development of Amaravati. Union Finance Minister Nirmala Sitharaman announced that the Centre will facilitate special financial support through multilateral development agencies.

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India News Telugu Vaartha

Telangana Assembly Prohibits Hookah Parlours

The minister told the House that hookah smoking is more harmful than cigarette smoking. One-hour hookah containing about 200 puffs is 100 times more harmful than cigarettes…reports Asian Lite News

The Telangana Legislative Assembly on Monday passed a Bill banning hookah parlours in the state.

A Bill to amend Cigarettes and Other Tobacco Products Act 2003 was passed unanimously with a voice vote without any discussion.

As soon as the House met for the day, Legislative Affairs Minister D. Sridhar Babu, on behalf of Chief Minister A. Revanth Reddy, moved Cigarettes and Other Tobacco Products (prohibition of advertisement and regulation of trade and commerce, production, supply and distribution) Telangana Amendment Bill 2024.

Explaining the aims and objectives of the Bill, he said the government felt an immediate need to ban hookah parlours in view of the harm they are causing to the young generation. The Chief Minister decided to impose a ban on the parlours and Cabinet gave its approval for the same.

He mentioned that youth and college-going students were becoming hookah addicts and the organisers were taking advantage of this situation.

The minister told the House that hookah smoking is more harmful than cigarette smoking. One-hour hookah containing about 200 puffs is 100 times more harmful than cigarettes.

He said since charcoal is used in a hookah, the smoke will have carbon monoxide, heavy metals and cancer-causing chemicals called carcinogens. The smoke is harmful for not just hookah smokers but also passive smokers. The hookah parlours and bars are posing health hazards in public places, he added.

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Google to partner digitisation in farming, education for Telangana

The Google VP also discussed the investment plans of the company and told the Chief Minister that artificial intelligence was set to bring major transformation in various sectors…reports Asian Lite News

Google Vice President Chandrasekhar Thota called on Telangana Chief Minister Revanth Reddy on Thursday and said that the technology major has evinced interest in working together with the State Government.

Thota paid a courtesy call on the Chief Minister on Thursday at the CM’s residence.

Thota further said that Google was excited to partner with the state in developing a digitization agenda for Telangana in farming, education and health.

The IT major had deep technology and expertise for bringing quality service to serve the needs of the people of the State.

The Google VP also discussed the investment plans of the company and told the Chief Minister that artificial intelligence was set to bring major transformation in various sectors.

As per the official statement, the Telangana CM discussed road safety improvements using Google Maps and Google Earth platforms.

IT and Industries Minister D Sridhar Babu and Roads and Buildings Minister Komatireddy Venkat Reddy were also present at the meeting.

Earlier on January 10, Telangana CM Revanth Reddy hosted representatives of 13 countries for dinner in Hyderabad last night. The dinner saw attendance of representatives of United States of America, Iran, Turkey, UAE, UK, Japan, Thailand, Germany, Sri Lanka, Bangladesh, Australia, France and Finland.

The Telangana Chief Minister appealed to the respective countries to explore investment opportunities in our State. he assured that the government will collaborate and maintain cordial relationship with everyone.

Chief Minister Revanth Reddy also met representatives of Amazon briefed the Chief Minister about their company’s investments in Telangana. Deputy Chief Minister Mallu Bhatti and other ministers as well as Chief Secretary Industries Department Jayesh Ranjan and other officials participated in this meeting.

On January 7 the Revanth Reddy government completed one month in power. Speaking on the occasion the Chief Minister said “The month-long journey that took place while maintaining the word that the servants are not the rulers… bringing the governance closer to the people… and assuring that I am there gave me a new experience. Listening to the voices of the poor… paving the way for the future of the youth… seeing the happiness on the faces of our girls… reassuring the farmers… the month-long walk is taking steps towards a bright future. This month-long administration has been responsible for the commitment to investments… laying a big emphasis on industrial growth… carving engravings for the development of cities… I will continue to fulfill my responsibility.” (ANI)

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India News Politics Telugu Vaartha

Revanth Reddy Assumes Office as Telangana’s New CM

Deputy Chief Minister Mallu Bhatti Vikramarka and 11 other ministers were attending the meeting…reports Asian Lite News

New Telangana Chief Minister A. Revanth Reddy on Thursday took charge at the state Secretariat.

After taking oath at L.B. Stadium, he, along with ministers, reached the Secretariat and took charge in his office located on the sixth floor

Accompanied by his wife, he performed puja amid chanting of Vedic hymns by a group of priests. When he occupied the chair of the Chief Minister, the priests blessed him. Later, he signed certain files brought by Chief Secretary Santhi Kumari and other top officials.

After Revanth Reddy took charge, the first meeting of the State Cabinet began at the Secretariat.

Deputy Chief Minister Mallu Bhatti Vikramarka and 11 other ministers were attending the meeting.

Earlier, officials and Secretariat employees accorded a warm welcome to Revanth Reddy on his arrival. After the Congress stormed to power, Revanth Reddy had announced that the doors of the Secretariat would be thrown open for people.

The new Secretariat complex, equipped with state-of-the-art features and built with a unique design, was inaugurated on April 30. Then Chief Minister K. Chandrasekhar Rao had inaugurated the complex by occupying a chair in his chambers on the sixth floor and signing a few files.

The integrated complex housing the offices of the Chief Minister, ministers, Chief Secretary and all other Secretaries and heads of departments, has been named after Dr B. R. Ambedkar. Built at a cost of over Rs 600 crore, the Secretariat is a six-storey structure with seven lakh square feet of built-up space and equipped with all modern facilities. However, entry into the complex was restricted. Even media persons were not allowed in the premises.

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Modi slams Opposition in Telangana

Telangana will go to assembly elections on November 30 and counting of votes, along with those of four other poll-bound states, has been scheduled for December 3…reports Asian Lite News

Ahead of the coming Telangana assembly polls, Prime Minister Narendra Modi on Tuesday fired a sharp barb at the Congress and the Bharat Rashtra Samiti (BRS) stating that nepotism, corruption and appeasement politics lie in the DNA of the two parties.

“There are some factors common between the Congress and the BRS, which are nepotism, corruption, and appeasement politics. They lie in the DNA of both Congress and the BRS. Corruption blooms under their protection. The Congress and the BRS will never let a Backward Class person become the Chief Minister,” PM Modi said at a poll campaign in Telangana’s Hyderabad.

Lauding the BJP-led NDA government at the centre, the Prime Minister said, “It is the NDA that caters to the rights of the Backward Class people. It is the NDA that provides fair representation to them. We made APJ Abdul Kalam president of the country. In 1996, when a tribal leader, PS Sangamaji was selected for the post of the Lok Sabha speaker, Atalji gave full support”.

“It is the NDA that gave the country its first tribal Lok Sabha speaker, Bal Yogiji. We made Droupadi Murmu, who is a tribal woman, and president of the country. We selected Ram Nath Kovind, who is a BC leader, for the post of president. The NDA chose me, the country’s first OBC Prime Minister, with the blessings of the countrymen. There are 27 OBC cabinet ministers, which is a record in itself,” he added.

Speaking on the Telangana assembly polls, the Prime Minister said, “There is a storm for a change in Telangana. The state has faith in the BJP. Everyone is in the mood for a change in Telangana. For the last nine years, there has been an ‘anti-development’ government. Now, it is the time to throw it out. You have to ensure that the ‘lotus’ blooms here in the state”

Taking a swipe at the BRS government in Telangana, PM Modi said, “The BRS government has deceived the people of the state. It was only engrossed in its family. Even the Congress is the ‘C’ team of the BRS, which does not take into account the interests of the Backward Class people”.

“BC, SC, ST, and poor class people are now standing with the BJP. For these people, the BJP has brought PM-Vishwakarma scheme so that they can live their lives with respect”, PM Modi added.

“An arrogance can be seen within the BRS leaders. In the 2019 general assembly polls, the Telangana people gave a befitting reply to the ‘arrogant CM’ with the power of votes. So the BRS leaders keep abusing me. BRS’s corruption is linked to the Delhi liquor scam case. When the probe agencies started investigating the matter, the leaders started abusing it, too. But I want to tell everyone that there will be a legal action in all the corruption cases,” PM Modi further said.

Attacking the opposition over the corruption cases, the Prime Minister said, “The ones who have looted the public, they will have to return everything to the public. Yeh Modi ki guarantee hai (This is Modi’s guarantee). BRS and Congress are the two sides of the same coin. Their intentions are of looting the resources of the state. Both of them are engaged in taking ahead their sons and daughters. They do not care about your sons and daughters”.

“The BRS did not fulfil a single promise which it made to come to power in the state. The Telangana government has betrayed the youths. There are lapses in every exam, it has now become an identification of this government. What happened to their promise to provide employment? Tell me now if such government needs to be thrown out or not”, said the PM.

“During the daunting period of the Covid-19, Modi, who understands poverty, decided not to let the poor children stay hungry. He decided not to let the poor people suffer due to hunger. Therefore, we started ‘free ration’ for the poor. I have pledge to increase the amount of ration being provided to the poor. Yeh Modi ki guarantee hai,” he added.

Telangana will go to assembly elections on November 30 and counting of votes, along with those of four other poll-bound states, has been scheduled for December 3.

The state is set to witness a triangular contest among the BJP, BRS and the Congress.

In the previous Assembly election in 2018, the Bharat Rashtra Samithi (BRS), previously known as Telangana Rashtra Samithi (TRS), won 88 of the 119 seats, hogging 47.4 per cent of the total vote share. The Congress came in a distant second with just 19 seats. (ANI)

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KCR Goes National

Highlighting the injustices meted out to Telangana by the rulers in the then undivided Andhra Pradesh, he single-handedly revived the movement and made ‘Jai Telangana’ a household slogan…writes Mohammed Shafeeq

From a party formed to fight injustice against a region to achieving its goal of Telangana statehood to now setting its sights on the national political horizon, the TRS under K. Chandrasekhar Rao is set to embark on a new journey.

After toying with the idea of forging a national front of like-minded parties for long, a series of visits to various states, and multiple rounds of talks with other regional satraps, KCR, as Rao is popularly called, has finally taken a plunge into national politics.

After its existence as the Telangana Rashtra Samithi (TRS) for over 21 years, the regional party turned national on Wednesday with the party’s general body meeting chaired by KCR unanimously resolving to change its name to the Bharat Rashtra Samithi (BRS).

With his eyes set on 2024 Lok Sabha polls, KCR aims to re-write the history of Indian politics just as he changed the face of Andhra Pradesh politics by floating the TRS in 2001 to revive the movement for statehood to Telangana.

Highlighting the injustices meted out to Telangana by the rulers in the then undivided Andhra Pradesh, he single-handedly revived the movement and made ‘Jai Telangana’ a household slogan.

Stressing on the need for self-rule to change the destiny of Telangana, KCR carved a niche for himself in the history by achieving the goal of separate Telangana state when many had given up the idea after the failure of the movement in 1969.

A lean person with steely resolve and indomitable spirit, KCR remains an enigma for his supporters and critics alike.

From a rabble-rouser leading the movement for separate state to realising his vision of Bangaru’ (golden) Telangana, the 68-year-old has donned the different roles effortlessly over the last two decades.

After near two terms of power in the country’s youngest state and leading the state on the path of progress with innovative schemes and welfare measures, KCR is now looking to replicate the ‘Telangana model’ across the country with the BRS.

Political analysts say KCR will be looking to bring together opposition parties on a common platform to achieve his goal of defeating the BJP in 2024 polls.

KCR had long been talking of a front of like-minded parties as an alternative to the BJP and the Congress for he believes that both the national parties have failed to govern the country and address the basic problems of the people even after 75 years of Independence.

He has been trying to project Telangana as a role model for the entire country with his ambitious programmes and revolutionary welfare and development programmes.

Many see in him a regional satrap who has all the qualities required to bring together parties with different ideologies and lead the front.

“KCR is undoubtedly one of the smartest politicians in the country today. His governance coupled with his political acumen and poll strategies make him a formidable force,” says political analyst Palwai Raghavendra Reddy.

“He converted a dry and arid region like Telangana into a green zone. His pet projects like Mission Kakatiya, Mission Bhagiratha, along with the most ambitious Kaleshwaram project, breathed life into otherwise failing agriculture in the region,” he said.

As the series of electoral victories of TRS over the last eight years show, he is a leader well connected with the masses.

A graduate in Arts, KCR is known for his oratory skills and delivers speeches laced with sarcasm in his inimitable style to target his rivals.

Hailing from Chintamadaka village in then Medak district, he jumped into politics in 1982. While serving as Vice President of Youth Congress, he was elected to Primary Agriculture Cooperative Society.

In 1983, he joined the TDP floated by popular actor N.T. Rama Rao and contested from Siddipet constituency but lost by a narrow margin. He was elected from the same constituency in 1985 and since then, never lost an election.

KCR, who served as a minister in Chandrababu Naidu’s cabinet (1995-99), was sulking when he was made Deputy Speaker of the Assembly after the TDP returned to power in 1999. He quit the party and floated the TRS in 2001.

The 2004 elections came as a big moment for KCR as TRS won 26 Assembly and five Lok Sabha seats. KCR, who became a minister in Congress-led UPA-1 at the Centre, succeeded in placing Telangana on the national agenda.

In 2009, he aligned with the TDP but the TRS’ tally came down drastically. With Congress retaining power and all odds against him, it looked like it was all over for the TRS.

The death of then Chief Minister Y. S. Rajasekhara Reddy in a helicopter crash the same year gave an opportunity to KCR to bounce back. His indefinite hunger strike forced UPA-II to announce that the process for formation of Telangana state will be initiated.

When the Centre adopted delaying tactics, KCR joined hands with other pro-Telangana forces to launch a massive movement. Even his worst critics admit that the credit of making ‘Jai Telangana’ a household slogan goes to him.

When Congress finally gave into the demand and created Telangana state in the hope to get the TRS into its fold, KCR, the wily politician he is, decided to chart his own course.

Riding on Telangana sentiment, KCR formed the first government in the new state. With a slew of schemes for various sections of people, he strengthened his position.

He took his opponents by surprise by going for early elections in 2018 and won a massive mandate for a second term.

It was in March 2018 that KCR had proposed the Federal Front to bring what he called a qualitative change in national politics. He had held series of meetings with leaders of various non-NDA parties.

After the TRS retained power in Telangana with a landslide victory in December 2018, KCR started working aggressively on his plans.

He flew from one state to the other to meet leaders of various regional parties.

After the massive victory in Assembly elections, KCR had appointed his son K.T. Rama Rao as the Working President of the TRS so that he can focus on national politics.

KCR was even being seen as the potential prime ministerial candidate by his party in the event of regional parties emerging as a major bloc in the Lok Sabha. However, BJP returning to power at the Centre with a big majority shattered his dream.

After lying low for two years, KCR resumed working on the idea of alternative. The alleged neglect of Telangana by BJP-led government spurred him to work aggressively on his plans.

Over the last one year, KCR sharpened his attacks on Prime Minister Narendra Modi and found fault with his policies on all fronts.

The Centre failing to fulfill commitments made to Telangana at the formation of the state, its bias towards the state in sanctioning new projects and release of funds and the curbs imposed on the state over raising of debts further angered KCR, who finally reached to a conclusion that the best way to safeguard the state’s interests is to go national and directly take on Modi.

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Business

Telengana welcomes Foxconn

Foxconn has manufacturing units in Tamil Nadu and Andhra Pradesh. In 2021, Hon Hai’s annual revenue reached $206 billion worldwide….reports Asian Lite News

Telangana Industries Minister K.T. Rama Rao on Thursday invited Foxconn to invest in the state.

The minister met visiting Foxconn Chairman Young Liu in New Delhi, and they discussed Foxconn’s plans of expanding its footprint in India.

KTR, as the minister is popularly known, also took the opportunity to pitch Telangana to officials from Foxconn Corporation present during the meeting for potential investment opportunities.

Taiwan-based Hon Hai Technology Group (Foxconn) is one of the leading electronics manufacturing services (EMS) provider globally and is one of the largest suppliers for many top tier international customers.

Foxconn has manufacturing units in Tamil Nadu and Andhra Pradesh. In 2021, Hon Hai’s annual revenue reached $206 billion worldwide.

KTR briefed Liu on the initiatives undertaken by the state government towards creating an enabling environment and infrastructure for fostering electronics manufacturing in Telangana, and the Foxconn chief was pleased to note the progress made by the state in last eight years.

Discussing the company’s future plans, Liu said: “India is an attractive manufacturing destination, and we would like to see how we can expand our manufacturing footprint. Our India experience has been exciting, and we look forward to explore the opportunities that Telangana as a state offers.”

KTR said: “Foxconn is one of the biggest employers globally in the domain of electronics manufacturing. We are excited about their decision to venture into EV manufacturing too. I assure the company of the best support possible from Telangana and invite the team to explore Telangana.”

Telangana has emerged as a preferred investment destination for investments in electronics sector and boasts of a vibrant R&D and innovation ecosystem. The state is equipped with robust industrial infrastructure and is well positioned to meet the requirements of global majors, he added.

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India News Interview Politics

‘BJP confident of forming govt in Telangana’

Now, under the leadership of Narendra Modi, we have become the world’s largest party. ..speaks Santosh Kumar Patak

Union Minister G. Kishan Reddy says that the BJP will form the government in Telangana in the coming days.

The Union Minister for Culture, Tourism & Development Of North Eastern Region (DoNER) also held the Congress responsible for every problem in the country, and said that Sonia Gandhi has “no right” to criticise the BJP.

In an interview with Santosh Kumar Pathak, the BJP leader and MP from Telangana expressed his views on a range of topics, including the party’s foundation day, Vikas Yatra and prospects of BJP’s expansion in south Indian states, among others.

Here are excerpts from the interview:

What’s your take on the message that Prime Minister Narendra Modi gave to the party cadres on BJP’s Foundation Day?

Prime Minister Narendra Modi has spoken about the concerns of crores of workers and people of the country… Under the leadership of Prime Minister Modi, the NDA government is working in 18 states. In the coming days, our goal is to make India a world leader again.

We have to make the country powerful by eliminating poverty and unemployment. For this, he (Prime Minister Modi) called upon all the workers to work together. He has asked the people of the country to stay away from family or individual-centric political parties because such parties have no principle and can do anything for power.

BJP’s journey started with only two Lok Sabha seats and today you have coalition governments in 18 states, with 301 MPs in the Lok Sabha. For the first time, the party’s tally in the Rajya Sabha has crossed 100. How do you see this journey of 42 years?

When our journey started with just two seats, people made fun of us but we kept working hard under the leadership of Atal Bihari Vajpayee and Lal Krishna Advani. Our workers worked hard, and sacrificed relentlessly.

Now, under the leadership of Narendra Modi, we have become the world’s largest party. Today, the BJP is the number one party in the Lok Sabha as well as in the Rajya Sabha. We have governments in maximum number of states. The BJP is at the forefront in terms of number of SC, ST and women MLAs and MPs. Finally, a nationalist government is in power which is working in the interest of the country.

The BJP is yet to make its presence felt in a big way in the south. Amit Shah has said on many occasions that the golden age of BJP is yet to come. What are the party’s views in terms of expansion in south India?

You are right… At present we have government in two southern states — Karnataka and Puducherry. In the coming days, we are going to form government in Telangana as well. The BJP will also emerge stronger in Kerala, Andhra Pradesh and Tamil Nadu, as people are angry with family and individual-centric parties in these states.

Sonia Gandhi is criticising your government, alleging that the BJP is working on a divisive agenda. Your take…

Sonia Gandhi has no right to criticise the BJP on this issue. It is the Congress that has divided the country in the name of religion, caste, language and financial status. Whatever problems the country has today, the Congress is responsible for them.

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KTR says Telangana model can be replicated across India

KTR stated that the schemes and policies being executed in Telangana should be executed across the country to speed up the development wheel of India….reports Asian Lite News

Telangana’s minister for information technology and industry K. T. Rama Rao has described the state as the most successful startup and said Telangana model of development can be replicated across India.

The minister delivered a keynote address at the Harvard India Conference 2022 held virtually late Sunday.

During the one-hour-long session, he highlighted the all-round development of Telangana, the Hyderabad IT ecosystem, friendly industrial policies, and investment opportunities existing in the state.

Minister KTR spoke at the conference under the theme “Turbocharging India @ 2030. “If I want to talk about Turbocharging India @ 2030, I should speak about Turbocharging Telangana since 2014,” the Minister said in his opening lines.

“By 2030, I want to witness an India that leads the world, in almost every category. I strongly believe that cues for “Turbocharging India@ 2030: can be had from “Turbocharged Telangana since 2014,a said KTR.

KTR stated that the schemes and policies being executed in Telangana should be executed across the country to speed up the development wheel of India. “What Telangana has done, can be done at the national level too. Telangana Model of Development can be replicated across India, for sure,” said KTR.

Pic credits Twitter @MinisterKTR

“Growth should be distributed fairly across society and create opportunities for all. I think that any one-sided policy emphasis will have negative effects. Diversity is India’s greatest asset. The same diversity requires the widening of policy frameworks beyond the narrow focus,” the minister opined.

KTR stated that the Telangana government’s effective policy design & implementation, equal focus on rural and urban development, vision towards 3 I’s — infrastructure development, inclusive growth and innovation — that helped the youngest state of India achieve remarkable progress in just 7 years.

Telangana has been progressing under the visionary leadership of CM KCR. The Telangana government’s equal focus on development and welfare measures has made it a model state which is being emulated by other states, KTR said. “It used to be said earlier that what Bengal thinks today is what the country thinks tomorrow, but in the modern context it is what Telangana thinks today which influences the country tomorrow,” he added.

KTR stated that Telangana achieved the third rank in the country in terms of percentage increase in GSDP at current prices between 2014-15 and 2020-21. “The NITI Aayog report says that the Gross State Domestic Product of Telangana by provisional estimates was Rs 9.80 lakh crore, an increase of 94 per cent from its 2014-15 value,” he added.

Minister KTR highlighted that despite the Covid-induced economic slowdown in 2020-21, Telangana’s Per Capita Income (PCI) of Rs 2.37 lakh at current pricing is the third highest in the country — the latest data from the Union ministry of statistics and program implementation.

“Telangana is the 11th largest state in terms of geographical area and 12th in terms of population in the country. I am proud of the fact that Telangana stood in fourth place in contributing to the economy of the country,” KTR said.

The state government’s focus on every sector — from agriculture to IT, power generation to industry, health infrastructure to quality education has brought in remarkable progress in the state.

He pointed out that Telangana attracted over Rs 2.2 lakh crore investments since the launch of its innovative TS-iPASS industrial policy. These investments employed about 16 lakh people.

The minister highlighted that Hyderabad has emerged as a global hub for some of the most marquee names from the IT world. “You will be amazed to learn that the five most valued tech companies of the world, namely Amazon, Google, Microsoft, Apple, and Facebook, each of them has their second-largest presence anywhere in the world outside their headquarters in the US in our city of Hyderabad,” KTR said.

“The cabins of the US President’s ‘Marine One’ helicopters are made in Hyderabad by Tata Sikorsky Aerospace Systems, a joint venture between the Tata Group and Sikorsky,” said the minister. He also highlighted that Hyderabad produces one-third of global vaccine output. “I take immense pride in saying that Hyderabad is the vaccine capital of the world,” he added.

He highlighted that seven villages from Telangana ranked among the top 10 under the SAGY program (Saansad Adarsh Gram Yojana of Union Ministry of Rural Development).

He told the conference that Telangana is building the Kakatiya Mega Textiles Factory (KMTP), one of the world’s largest Textile Parks. KMTP is expected to house state-of-the-art manufacturing facilities with a development strategy based on the ‘Fiber to Fashion’ concept.

“IT exports of Telangana touched a new high of Rs 1.45 lakh crore in 2021. Since the formation of Telangana, we have been able to achieve a Compound Average Growth Rate (CAGR) of 14.25 per cent, up from Rs 57,000 crore in 2014 to Rs 1.45 lakh crore now. Employment in the IT/ITeS sector had also increased by eight per cent to touch 6.3 lakhs.”

KTR stated that the government of Telangana is developing Hyderabad Pharma City as the “World’s largest integrated pharma park to promote domestic manufacturing of pharmaceuticals and to consolidate the leadership position of India in the pharmaceutical sector.

“Telangana has already built the world’s largest lift irrigation scheme, Kaleshwaram Project, in just three years. This is a record in the history of irrigation projects in India,” he said.

“Rythu Bandhu, the investment support scheme under which every landholding farmer gets Rs 10,000 per acre every year. The brainchild of CM Sri KCR, this revolutionary is one of the best reforms in the agriculture sector in the country since Independence,” KTR added.

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KTR to address Paris Senate

The delegation led by KTR will also meet French industrialists and CEOs of various companies to invite investments to Telangana….reports Asian Lite News

 Telangana Information Technology and Industries Minister K.T. Rama Rao on Wednesday left for France to address the ‘Ambition India Business Forum’.

He will deliver the keynote address at the business event scheduled to be held on October 29, at the French Senate in Paris.

KTR is leading a delegation that includes Principal Secretary, IT and Industries, Jayesh Ranjan and other officials.

This is KTR’s first visit abroad since Covid-19 pandemic broke out last year.

Pic credits Twitter @MinisterKTR

He will also meet French industrialists and CEOs of various companies to invite investments to Telangana.

The French government invited the minister to address the Forum.

Ambassador of France Emmanuel Lenain had sent a letter to the minister a few days ago. “We believe it creates a great momentum between France and India and would provide a good occasion to promote the State of Telangana. I would hence like to invite you to participate in person in Ambition India 2021, as a keynote speaker after the roundtable ‘Growth: Drafting the future of Indo-French relations in a post-Covid era’,” the ambassador wrote.

“It would be an honour for us to welcome you at the French Senate and organise high-level meetings for you with the French investors,” he added.

KTR had expressed happiness over receiving the invitation and stated that this would be a great global platform to highlight the investment opportunities existing in Telangana.

As part of the Forum, there will be several round tables on doing business in India, healthcare, climate, digital transformation as well as agribusiness. B2B meetings between French and Indian companies are also scheduled during the event.

The business event organised under the patronage of French President Emmanuel Macron aims to foster trade and investment relations between France and India. It enables companies to be aware of the challenges of the Indian market as well as learn more about investment opportunities through updates on the Indian government’s economic policies and regulatory specificities.

During the previous Ambition India edition, the Forum hosted 700 participants virtually, spread over two sessions with more than 400 companies online, eager to know more about bilateral cooperation.

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