It’s pouring investments in Telangana

While the TRS-led government is hailed by investors worldwide, most have chosen Telangana for investments over BJP-ruled Karnataka and Gujarat.

Date of publication – 00:07, Monday – 14 November 22

Investment is pouring into Telangana

Hyderabad: Prime Minister Narendra Modi on Saturday said that there was no development in Telangana, that the Telangana Rashtra Samithi (TRS) had betrayed the people.

What he didn’t say, however, was the pro-active governance of the same TRS-led government that investors around the world are praising, most of whom chose Telangana for investments in BJP-ruled Karnataka and Gujarat. Modi didn’t have to look too far back to know this, but just check the kinds of investments that have been announced in Telangana in the last month.

To make matters worse, investors like Sabu Jacob of Kerala’s Kitex Group will be able to verify what they are saying about Telangana.

Kitex, Jacob told media in Kerala on Saturday, was ready to start production at its plant in Warangal Kakatiya Textile Park in a record time of 15 months after announcing its decision to invest here.

“We have invested Rs 3,000 crore in Telangana. In February, our Warangal unit will start production. Our next factory is coming up in Hyderabad where the Government has allotted us 250 acres. Our factories will be the first in the world, with all the latest machinery and facilities”, he said.

And then, just two months ago, Henry Fisker, CEO of the American electric vehicle maker, which set up its Indian headquarters in Hyderabad in April, praised the proactive Telangana government.

It’s not just big corporate giants, startups that have made it big are also praising the State.

Referring to Hyderabad-based Keka HR raising around Rs 470 crore, Go Daddy India Managing Director Nikhil Arora tweeted on Sunday, “Great vision for Indians and their startup ecosystem! When you drive the right intention, the results are always powerful. Hats off to your commitment and recognition of success , Industries Minister KT Rama Rao. Huge shout out to Keka HR on this achievement.”

And then, in the last month or so, more international and national leaders have announced their plans in Telangana. These include India’s e-waste recovery player Attero at Rs 600 crore, animal vaccine facility Indian Immunologicals worth Rs 700 crore, edible oil refinery Gemini Edibles and Fats at Rs 400 crore, Malabar Group at Rs 750 crore, Hetero’s Rs 600 crore. , Rs.900 crore in Rx-Propellant, and so on. These alone total about 3.95 billion in a single month.

There are more, GV Research Platform, which created a 40 million euro facility and announced investment plans of 800 million euros over the next three years, and Yapan Bio, which recently announced an investment of 856 million euros. the months

And then in March this year Microsoft said it would invest Rs.15 billion to set up the largest data center in the country. Just two years ago, in November 2020, Amazon Web Services announced an investment of 20,761 million euros to establish several data centers here.

Talking about the ease of doing business, Modi was also able to check the number of approvals given by the state’s TS-Ipass initiative website, which has given permission to 2,156 industries so far this year for investments worth 17,326 crores.

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