Hyderabad: Deputy chief minister Bhatti Vikramarka on Thursday said he would act as a custodian of entrepreneurs investing in Telangana and assured them of full govt support in setting up industries.
He said approval and design processes had been initiated for 21 radial roads linking areas between the Outer Ring Road and the proposed Regional Ring Road. Bhatti said agriculture accounted for around 16% of Telangana’s gross state domestic product, while services contributed about 65%.
“Invest in Telangana, and the govt will stand by you in your growth journey,” he said, describing Hyderabad as a favourable investment destination because of its law and order, infrastructure, skilled workforce and business-friendly environment. Bhatti said govt was preparing a development plan for the Hyderabad metropolitan region under the Core Urban Region (CURE), Peri-Urban Region (PURE) and Rural Agricultural Region (RARE) framework. These corridors would support industrial clusters in pharmaceuticals, biotechnology, education, software and artificial intelligence, he said.
infrastructure and services, specialised industrial clusters would be developed in PURE While CURE would focus on IT. He called upon entrepreneurs across sectors to expand businesses, create jobs and contribute to state revenues. He assured Samakhya Chamber of Commerce that the state cabinet, including chief minister A Revanth Reddy and IT and Industries minister D Sridhar Babu, would support investors and help resolve problems faced in establishing industries.