KTR urges for Southern Industrial Corridor

Sat 11 Jan 2020, 11:36:46
IT and Industries Minister KT Rama Rao urged the Centre to sanction a Southern Industrial Corridor (SIC) connecting Hyderabad, Bengaluru and Chennai on the lines of the Delhi-Mumbai Industrial Corridor. He also pitched for two more industrial corridors for Telangana between Hyderabad and Nagpur as well as Hyderabad and Warangal.

Rama Rao called on Union Minister for Industry and Commerce Piyush Goyal in New Delhi on Thursday night and submitted the proposals on various projects seeking allocation of funds in the 2020-21 Budget. Goyal responded positively and directed officials concerned to prepare a detailed report for consideration based on proposals submitted by the Telangana government.

Rama Rao informed him that the Telangana government already wrote to various South Indian State governments seeking support for the SIC. “This industrial corridor can boost economic activity in backward areas of Karnataka, Telangana, Andhra Pradesh and Tamil Nadu, providing the much-needed push for the nation’s economy,” he said.

Pointing out that several industries were already operating in the SIC area, Rama Rao said there was huge potential for investments in this area from aerospace, defence, electronics manufacturing, automobile and other industries. He said Telangana had adequate land bank required for the industrial development in the corridor.

Rama Rao said the State government was giving utmost priority to industrial development over the past six years and working towards the establishment of industrial corridors for rapid industrial growth and employment generation. He also sought support for setting up a dry port and multi-model logistic parks in the State.

Meanwhile, the IT Minister invited Goyal to participate in the Bio Asia 2020 conference to be held in Hyderabad on February 17. The Union Minister enquired about the status of Hyderabad Pharma City, which will be the world’s largest integrated pharmaceutical cluster, and National Investment and Manufacturing Zone (NIMZ) coming up at Zaheerabad.

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