Published: Published Date – 12:07 AM, Mon – 11 November 22
The TRS-led government has been lauded by investors around the world, most of whom chose Telangana over BJP-ruled Karnataka and Gujarat for their investments.
Hyderabad: Prime Minister Narendra Modi said on Saturday that there is no development in Telangana and that Telangana Rushtrasamity (TRS) has betrayed the people.
What he failed to say, however, was that it was the proactive governance of the TRS-led government that was lauded by investors around the world, most of whom chose Telangana over the BJP-ruled states of Karnataka and Gujarat for their investments. Modi knows this without looking back, just look at the types of investments announced in Telangana over the past month.
And if that wasn’t enough, he can check what investors like Sabu Jacob of Kerala’s Kitex Group are saying about Telangana.
Jacob told media in Kerala on Saturday that Kitex would start production at its factory in the Warangal Kakatiya Textile Park within a record 15 months after announcing its decision to invest in the site.
“We have invested Rs 3,000 crore in Telangana. In February, our factory in Warangal will start production. Our next factory will be completed in Hyderabad and the government has allocated us 250 acres of land. Our The factory will be the first of its kind in the world, with all the latest machinery and facilities,” he said.
Then, just two months ago, Henry Fisker, the chief executive of the US electric car maker, which opened its India headquarters in Hyderabad in April, told Telangana The proactive government is appreciated.
Not just big corporate giants, but startups that have grown and grown are also cheering the country on.
On Sunday, Nikhil Arora, managing director of Go Daddy India, mentioned that Hyderabad-based Keka HR raised around Rs 470 crore: When you encourage the right intentions, the results are always strong. Industry Minister KT Rama Rao, salute your commitment and recognized success. Kudos to Keka HR for this achievement. “
Such a beautiful sight for Indians and their people #start up Ecosystem is the same! When you encourage the right intentions, the results are always powerful.Salute your commitment and recognize success @KTRTRS Garou.yelling @kekahr_official on this achievement! @THubHyd https://t.co/mtoA4WH9Mx
– Nikhil Arora (@Nikhil_Arora17) November 11, 2022
Then, in the past month or so, more international and domestic professionals have announced their plans in Telangana. These include e-waste recycling company Attero India’s Rs 6 billion, Indian Immunologicals’ animal vaccine facility worth Rs 7 billion, Gemini Edibles and Fats edible oil refinery worth Rs 4 billion, Malabar Group’s Rs 7.5 crore, Hetero’s Rs 6 billion, Rs 900 crore for Rx-Propellant, et cetera. These alone amounted to Rs 3,950 crore in just one month.
There are many more such as GV Research Platform, which built a facility worth Rs 40 crore and announced plans to invest Rs 800 crore over the next three years, and Yapan Bio, which announced an investment of Rs 8.56 crore, all of which are in recent months.
Then, just in March, Microsoft said it would invest Rs 15,000 crore to build its largest data center in the country. Just two years ago, in November 2020, Amazon Web Services announced an investment worth Rs 20,761 crore to build multiple data centers here.
Talking about ease of doing business, Modi can also check the number of approvals posted on the website of the state’s TS-Ipass programme, which has approved investments worth Rs 17,326 crore to 2,156 industries so far this year.
