KTR pitches Telangana as ideal investment destination at London Roundtable

Minister KTR, who is currently on a visit to the United Kingdom (UK), on Friday, pitched Telangana as an ideal investment destination at an investment roundtable

KTR pitches Telangana as ideal investment destination at London Roundtable
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HYDERABAD: Telangana IT and Industries Minister K T Rama Rao, who is currently on a visit to the United Kingdom (UK), on Friday pitched Telangana as an ideal investment destination at an investment roundtable hosted by Vikram K Doraiswami, the Indian High Commissioner in London. The round table was attended by potential investors from various industries.

The Minister’s presentation showcased the remarkable growth of Telangana in the last nine years, highlighting its progress in addressing basic issues and prioritizing innovation and infrastructure creation. He emphasized that Telangana's economy was growing at a brisk pace with tremendous growth in both agriculture and IT sectors. At the same time, rapid industrialization and improvement in green cover were witnessed, he added.

He also spoke about Telangana's progressive industrial policy and revolutionary single window system, TS-iPASS, which streamlines investment processes and reduces bureaucratic red tape. Hyderabad, Telangana's capital, was highlighted as a tech powerhouse, generating the highest number of tech jobs in the country. The state's robust ecosystem for electronics, aerospace and defence, food processing, mobility, and textiles sectors was also showcased by the Minister during his presentation.

KTR added that Telangana had the most comprehensive innovation ecosystem with research organizations, educational institutions, startups and marquee companies across sectors. The Minister specifically mentioned about the Telangana Government's collaborations with UK educational institutions like King's College and Cranfield University.

He further said that Telangana, situated on the Deccan Plateau, was safe from all kinds of disasters. He explained to the prospective investors as to how five development revolutions were unveiled in Telangana which, he said, offered numerous opportunities for the food processing sector. "The Telangana government is committed to providing investors with a favourable and inclusive environment to promote partnerships and celebrate investments," the Minister said.

During his address, Vikram K. Doraiswami, highlighted ample collaboration opportunities in sectors such as heavy machinery, aviation and defence, entertainment and education during the investment roundtable in London. He praised Hyderabad for its world-class infrastructure and its multicultural environment, making it a perfect destination for investors. Doraiswami emphasised the importance of nurturing partnerships and celebrating investments.

British Indian businessman Karan Bilimoria commended the remarkable achievements of Telangana during the investment roundtable hosted by the Indian High Commission in London. He praised the State's infrastructure and particularly mentioned the new Secretariat building, Dr BR Ambedkar Telangana State Secretariat, as fabulous. Bilimoria also lauded the noteworthy development of Telangana in the past decade, with the State doubling its per capita income in less than 10 years. He expressed his happiness to hear about the growth and development of his hometown Hyderabad, calling it great news.

Jayesh Ranjan, Principal Secretary of IT and Industries Departments, Telangana; and E Vishnu Vardhan Reddy, Special Secretary, Investment Promotion and NRI Affairs, were also present at the event.

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