Hyderabad: Telangana is looking to tap international funding agencies like the Asian Development Bank to raise funds for creating industry enabling infrastructure in the State. Telangana has already initiated several big ticket projects in many industrial parks with safety and sustainability as their key features, according to EV Narasimha Reddy, Vice-Chairman and Managing Director, TSIIC.
“As of now, there is not a single ADB funded project in the State. But there are many opportunities for ADB and Telangana State to work together. TS is taking up multiple projects, in which ADB can be a funding partner,” he said at a seminar on ‘International business opportunities under ADB funded project’, organised in Hyderabad by the Federation of Telangana Chambers of Commerce and Industry.
It is an opportunity for the State to tell ADB what the State is doing and how you can partner with TS.
Sustainability is key for safe industry. These principles have been made part of the State Industrial Policy. We have been looking at innovation and creating the required, infrastructure to compete globally. Foreign investors are looking at the infra available as well as the facilities at manufacturing sites as well,” he said adding that TSIIC has been spending not less than $ 100 million (Rs 700 crore) every year on creating infrastructure in industrial parks.
About 40 industrial parks have set up in the State in the past four years taking the total number to 120. “We are getting funds from the State as well as Hudco for infra and land acquisition,” he said.
Cementing its place as pharma manufacturing hub, Telangana now accounts for about a third of the global pharma production. The State is also the leader in vaccine manufacturing, the official said adding that the State has exclusive manufacturing clusters for pharma and biotechnology sectors. The State has many big players operating here . A lot of testing facilities are also created.
“The State has already acquired 10,000 acre as part of the Pharma City project, the largest pharma manufacturing cluster in the making. “The project layout is about Rs 15,000 crore. The outlay for the common effluent treatment plant alone is Rs 7,000 crore. Government of India will help a little bit- to the tune of Rs 300 crore. We are going to take this up in a PPP model. May be in these areas, ADB can be a partner. We have already prepared a detailed project report,” Reddy said showing the window of opportunities to ADB.
The State is also in touch a Japan-based international funding agency as well. “The viability gap funding can be done by Telangana State and GoI. We are looking at the internal infra and that will see an investment of about Rs 7,000 crore. We have already taken environment clearance for that. We are ready to start the infrastructure works in a couple of months. We will soon make allotment of the land,” he explained.
The State has also acquired about 3,500 acre for the Phase I of the National Investment and Manufacturing Zone. This will have construction equipment, manufacturing and food processing, units. With Kaleswaram project the State aims to irrigate one crore acre and it is planning to set up multiple food processing units in cluster mode. “Infra is needed for this and we are taking up this from our side,” the official added.
“Aerospace and defence sectors are key to Telangana. We have many big players and their joint ventures operating here. We are providing 100 acre for the Kalyani Group. We have a cluster for medical devices, which is shaping up on international standards. We have given 10,000 clearances to industry proposals so far through the single window clearance system. We are also setting steps to boost local manufacturing with players like Ikea operating in the city, “ the official said adding that skilling also provides ADB an opportunityto fund.
Two industrial clusters –Hyderabad-Warangal (which will go up to Chattisgarh) and Hyderabd-Nagpur are planned. “GOI asked to submit DPRs. These corridors also open up funding opportunities,” the TSIIC top official said.