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Telangana plans health clinics to revive sick units
The Telangana government is setting up industrial health clinics to benefit the process of reviving sick units, said Minister for Industries and Commerce, IT, Public Enterprises, Sugar and Mines K T Rama Rao.
In talks with RBI to consider sick units as a priority lending area: KTR
Hyderabad: The Telangana government is setting up industrial health clinics to benefit the process of reviving sick units, said Minister for Industries and Commerce, IT, Public Enterprises, Sugar and Mines K T Rama Rao.
“Our government is focussed on rapid industrialisation and has been actively creating an enabling ecosystem to facilitate the same. The State is now in talks with the Reserve Bank of India to consider sick units as a priority lending area. For this purpose, the State is also looking to set up industrial health clinics that will work on sick units. This would be a first-of-its-kind initiative in the country,” he said.
Rao was delivering the inaugural address at Man’Exe 2016, a one-day conference with the theme ‘Make in Telangana: Sustainable growth through innovation and future technologies’ organised by the Confederation of Indian Industry (CII) here on Wednesday.
The Minister also released a report, ‘Telangana: Gateway to the future of manufacturing’, which was prepared in the context of the conference. The report was prepared as the CII-YES Bank report.
Stating that the government is looking at relocating polluting industries of Red and Orange Categories outside the Outer Ring Road (ORR) in a bid to make Hyderabad a city with zero industrial pollution, the Minister said the government would create the required infrastructure and offer special incentives for the same.
Rama Rao also touched upon various initiatives which the Telangana government has planned to boost the manufacturing sector in the state, including NIMZ at Zaheerabad, dry port with NIMZ status, zero-discharge state-of-the-art pharma city, textile park in Warangal, medical devices park, plastics city, electronics manufacturing cluster and a food processing park.
Rao said that the Telangana State Industrial Infrastructure Corporation currently has nearly 250,000 acre of ready-to-dispose of land bank for industries. “Since the launch of the industrial policy (IT-iPASS) 12 months ago, the government has given clearances to more than 2,300 units and over 50 per cent of them are already at commercial production stage,” he added.
In his keynote address, Ramesh Datla, Chairman of CII Southern Region and Chairman of Elico Limited, said ease of doing business was not only for attracting new industries but also to sustain the existing industries. In the context of manufacturing excellence, Datla said the Union government’s ‘Make in India’ was critically important.
“The manufacturing sector is the fulcrum to India’s economic revival plan. Telangana’s efforts to strengthen this initiative by encouraging ‘Make in Telangana’ through the cluster-led developmental model, further complemented by competitive sector policies and innovative initiatives like the TS-iPASS has led to the much-needed surge in investments in the State,” said R Ravichander, Regional Business Head (South India), YES Bank.
