Telangana State of start-ups: KTR

KTR draws positive response from Chennai biz honchos.

By Author   |   Published: 10th Jan 2017   10:16 pm Updated: 10th Jan 2017   10:20 pm
Telangana Start-up State
IT and Industries Minister K T Rama Rao in Chennai.

Hyderabad: The TVS Group, MRF and Sundaram Group were among the industries that evinced keen interest in setting up shop in Telangana State when IT and Industries Minister K T Rama Rao met captains of industry in Chennai on Tuesday.

Endowed with large human resource and geographical advantage, Telangana has emerged as the favourite destination for investors in general and for start-ups and the IT in particular, he said.

During his second day tour of Chennai, the Minister met several industrialists and requested them to invest in plastic park, agriculture and logistic sectors. On the request of Rao, the TVS group expressed willingness to expand their business in Telangana. Similarly, MRF company sought Telangana government’s support for its existing unit.

The Minister also requested Sanmar Group for investment in plastic park which is going to be established near Hyderabad. He extended invitation to Sundaram Fasteners and Rane Engineering Company to explore investment options in plastic park.

The Sundaram Group came forward to work with the Telangana government in agriculture sector, particularly in organic farming, mechanisation and marketing. The Minister also discussed waste management in municipalities and cycle industry.

Later, he participated in the South India conclave organised by India Today and spoke on ‘Why Invest in South: The Case for Change’. Speaking on the occasion, he said Hyderabad, Bangalore and Chennai were prime destinations for IT and other industries. He explained that Telangana State was surging ahead and it was being referred to as ‘Start-up State’. Rao also explained the new industrial policy, single window clearance, Ease of Doing Business and self-certification system in the State.

He wanted healthy competitions between the States and exchange of policies and knowledge to make the country more investment-friendly.