KTR warns against government interference in private companies, misuse of probe agencies

BRS working president KT Rama Rao urged the State and Central governments to avoid interfering in private companies’ operations and misusing enforcement agencies. He also called for Hyderabad to become a global AI hub and stressed the need for workforce reskilling.

Hyderabad: BRS working president KT Rama Rao on Saturday cautioned the State and Central governments against interfering in the operations of private companies and misusing enforcement agencies to harass their managements.

Stressing that governments should create a conducive environment for businesses, he said companies generating employment should be allowed to operate without unnecessary interference.

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“Be it the State or Central government, there should be no interference in the operations of private companies. Misuse of agencies like the ED, CBI, Income Tax and local enforcement authorities should be avoided. Companies providing employment should not be harassed,” Rama Rao said.

He was speaking after inaugurating ‘Random Trees’, which established its primary Indian headquarters in Hyderabad with a workforce of 400 employees, here on Saturday.

Rama Rao said governments should focus on providing basic infrastructure, including roads, water supply and streetlights, besides maintaining law and order. Unfortunately, governments were neglecting these responsibilities while creating hurdles for businesses, he observed.

Referring to the growing influence of Artificial Intelligence (AI), the BRS working president said it was incorrect to portray the technology as a monster or a threat to employment.

“Instead of instilling fear, we should inspire confidence among the youth. AI will not lead to job losses. Rather, it will create new employment opportunities, and the youth should seize them,” he stressed.

Rama Rao said Hyderabad should be developed into a global AI hub and emerge as a preferred destination for international investments in data and AI technologies.

Instead of creating obstacles for investors, governments should focus on building an ecosystem that encourages investments and facilitates the expansion of businesses, he said.

Recalling the initiatives taken by the previous BRS government, Rama Rao said specific policies were introduced to attract investments and encourage companies operating in the technology sector to establish their presence in Hyderabad.

He maintained that large-scale employment opportunities for the youth could be generated only through the expansion of the private sector.

With rapid changes transforming the IT industry, he emphasised the importance of skilling, upskilling and reskilling to prepare the workforce for emerging opportunities.

“The future lies in skilling, upskilling and reskilling. Everyone should adapt to the changes taking place in the IT sector,” he said.