National

Telangana receives investments of over $21 bn in 4 years

V. Rishi Kumar Hyderabad | Updated on January 30, 2019 Published on January 30, 2019

Telangana State has attracted more than $21 billion in investments over the past four-and-a-half years since its formation in 2014. A significant part of the investment, 90-95 per cent, is likely to be put to use on the ground over the next few years.

Stating this at a FICCI National Council meeting, Jayesh Ranjan, Principal Secretary, Industries, Telangana, said “a number of new companies and many companies that already operate out of Hyderabad and the state, are seeking to expand.”

The investment flow has been made possible due to the state government’s progressive policies and the innovative TS iPass system, which ensures deemed clearance for various industrial applications within 15 days of making an application.

Ranjan said the policy provides for punitive measures against officials found responsible for delays in extending clearances to industrial applications. “Though I have not been punished as yet for a delay, at least seven officers have been punished for delays, by way of salary cuts of 2-4 days.”

“Having become the No.1 state in Ease of Doing Business within a few years of its formation, we continue to pursue the goals set by Chief Minister K Chandrasekhar Rao, with the single focus of transforming the state into Bangaru Telangana (Golden Telangana),” he said.

Talking about clearances for industrial units, Ranjan said industries do not have to secure any clearances for commencement of construction works and all clearances would be provided within 15 days of making the application. In case it has not been provided, it would be deemed to have been cleared, he said.

IBM, Welspun, HSIL, Adani, Amazon

Referring to a mega facility of Amazon, which is seeking to build 3 million sq.ft., the official said “the project designs were extremely complicated, and yet we managed to clear them within 11 days.”

Referring to new and upcoming investments, he said HSIL, which has a significant presence in Telangana, has drawn up plans for another manufacturing unit in the state.

The Welspun Group, which had committed investment of about $150 million in a manufacturing unit, is also considering a logistics facility.

The diversified Adani Group, which has set up a facility for unmanned aerial vehicles, has indicated its interest in setting up a logistics unit close to the aerospace park.

Speaking at the event, a senior IBM official said from one facility with about 2,000 employees, it has grown to over 12,000 employees and several facilities in Hyderabad, and the growth momentum would continue. “IBM employees are engaged in cutting-edge research for global operations,” he said.

Responding to IBM’s observations, Ranjan said, “under the state’s skill development initiative, IBM courses were most popular and we expect IBM to add its Watson to the portfolio.”

Published on January 30, 2019

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