Hyderabad: Minister for Municipal Administration and Urban Development, IT, and Industries, K. Tarak Rama Rao has assured that the government will provide necessary infrastructure for setting up industries and urged the German investors to invest in the state of Telangana.
Addressing the Industry leaders at the German Investors Summit in Hyderabad today, he said in the last seven and half years rule under the Chief Minister K.Chandrasekhar Rao unique policy has been brought for the industrial development in the state, solved power problems, making available power to all sectors for 24 hours.
At present land banks have been created for the development of industries, he said. He said that the investors from overseas want to choose India as the investment place. India is more like Europe; it is a country with some uniqueness and diversity. He said that there are 22 official languages in India but there are more than 300 unofficial languages.
He said if investors engage with different states, they will get different perspectives. He appealed to the German investors to re-draw strategies, need to think beyond Delhi and Mumbai. He said that the trade policy is decided by India but the actual policy lies in the states.
He said that Telangana excels in all the fields and has a perfect vision on how to develop the state. Telangana is a state that supplies power round the clock to all sectors and 15 percent of this energy comes from renewable sources like solar and wind. Telangana is the second largest renewable energy producing state in the country.
German Consul General Karin Stoll, Indo-German Chamber of Commerce, Director General Stefan Halusa, Cyient Founder and Executive Chairman Mohan Reddy, Principal Secretary to IT and Industries Jayesh Ranjan and others participated in the summit.