Telangana’s once-rapid industrial growth has slowed sharply over the past two years, with stalled projects, declining TG-iPASS approvals, investment drops and policy uncertainty. Questions are also rising over land conversion plans, withheld IT export data and the status of Davos-announced investments
Amid reports that Kaynes SemiCon shelved its plans to establish a major chip unit in Telangana and opted to move the investment to Gujarat, BRS working president KT Rama Rao expressed disappointment calling it a huge loss for State.
Industries Minister KT Rama Rao on Friday welcomed Kaynes Technology for setting up of Outsourced Semiconductor Assembly and Testing (OSAT) and Compound Semiconductor manufacturing facility in the State.