Hyderabad: Union Minister for Textiles Smriti Irani was all praise for the Telangana State government’s industry-friendly policies and quality leadership, besides appreciating the State government for its readiness to provide necessary facilities and incentives to investors on par with or more than what other States were offering.
Participating in the ‘Invest India – Textile Investment Meet’ organised by the Central government through virtual conference, the Union Minister said the Telangana State government was competing with all other States in attracting investments with its industry-friendly policies and leadership. She cited Prime Minister Narendra Modi’s observation that friendly competition between States was competitive federalism.
“There are numerous opportunities for investors in textiles and affiliated industries in the country which has been turning adversities into opportunities. Through Invest India, the Central government is ready to support the investors planning to establish their industries anywhere in the country,” she said, and pointed out that the textile industry which never manufactured PPE kits in the past, turned the COVID-19 crisis into an opportunity and started manufacturing them, making the country the second largest producer of PPE kits in the world.
IT and Industries Minister K T Rama Rao, in his address, said textiles and apparels industry remain priority for Telangana State that offered numerous investment opportunities in the sector. He said the State government was ready to provide complete support to the investors including issuing all permissions within a fortnight through the much-acclaimed TS-iPASS system.
Pointing out that cotton cultivation in the State was taken up in a whopping 60 lakh acres during the ongoing Vaanakalam season, offering one of the finest varieties of cotton in the world, Rama Rao said the State was ranked number one in Ease of Doing Business (EoDB) rankings, reflecting the investor-friendly environment in the State.
He said the Telangana Textile and Apparel Policy which was formulated after consulting the industry stakeholders, offering tailor-made incentives to the investors on par or better than any other State in the country. “Apart from supplying uninterrupted power supply to industries, we have assured water supply to the industries under Mission Bhagiratha where 10 per cent of available water is exclusively allocated to the industrial sector. The pipelines have been already laid across the State. Further, the government itself is organising training programmes to produce skilled manpower to meet the industry needs,” he stated.
Sharing her experiences in establishment of manufacturing unit in Telangana State, Welspun India CEO Dipali Goenka said the State was most favourable destination for investments, with policies like TS-iPASS being executed effectively at the field level. She stated that the State leadership was industry-friendly with a long-term vision, without any hurdles for investors. On the occasion, Principal Secretary for IT and Industries Jayesh Ranjan made a presentation on the investment opportunities in the State and the government policies.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.