Telangana IT and Industries Minister KT Rama Rao appealed to the US company heads to look at progressive States in India as individual units when they come forward to invest in the country.

Participating in the US-India Business Council Destination India State-focused virtual session on Thursday, he highlighted the investment opportunities in Telangana. The State has been attracting major investments for the past six years mainly due to its policies, which are helping the State achieve unprecedented growth rates.

Telangana is one of the best States in terms of ease of doing business, he said adding that through TS-iPass the government has been giving approvals to industries within 15 days. About 80% of the companies that have received approvals have already started their work, he said adding that Telangana has been giving priority to innovation technology, textiles, aerospace, and defence industries among others. He also mentioned the pharma and life sciences ecosystem already existing in the State. India’s largest medical device park is coming up in Telangana and it also presents investment opportunities, he said.

The Government will provide complete assistance to companies which come forward to invest in the State. The heads of American companies appreciated Telangana State investment ecosystem and said the State is an ideal destination for business opportunities.

In the webinar, US-India Business Council’s president Nisha Biswal said, “USIBC is committed to supporting Telangana’s efforts to increase investments in the State. USIBC has been focused on working with our members and partners to ensure business continuity while also planning for the future.”

USIBC led a group of senior leaders from pharmaceuticals, IT, manufacturing, food/agri sciences, energy and retail sectors who have shown interest in exploring opportunities in post-Covid economy in the State of Telangana.”

Principal secretary Jayesh Ranjan also participated in the webinar.

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