Lawlessness will scare away investors: CM

Lawlessness will scare away investors: CM

Safety and security are the two main factors for inflow of investments in the State, said Chief Minister N...

Safety and security are the two main factors for inflow of investments in the State, said Chief Minister N Kiran Kumar Reddy, on Friday while felicitating business leaders, who were given awards by the media house -TV5. kiran kumar reddyThe Chief Minister presented awards to 42 eminent people from 14 different sectors like IT, pharma, manufacturing, engineering, healthcare, education, infrastructure etc. A six-member jury selected the companies for the awards, given for the first time by the media house. The prominent companies which got the awards included Sri Chaitanya Group in education, Omega and KIMS in healthcare, Lanco Hills in construction, JC Brothers, Big C, CMC Limited, Mak Group, Hafeez Consultancies, etc. Speaking at the function, the Chief Minister said that the State could attract investors even at the time when there is cut-throat competition. Proper law and order and security is paramount for any investor to come to any State, he added. "Many states have been offering freebies to business groups to set-up ventures. We too have offered sops and now the State is in the forefront in winning the hearts of many top investor groups. Hyderabad has become a destination for top companies of IT, biotech, pharma, hospital services, tourism etc. This was possible because of the sort of incentives and encouragement we are giving. A lot has been done to improve the security scenario in the State capital in the past two years. I hope more and more companies would come here because of the investor-friendly atmosphere," Kiran Kumar said. On the power crisis, he said that during his latest visit to Delhi he requested Prime Minister Manmohan Singh to review of the policy of gas allocation to states. "When a state is facing acute shortage, more allocation shall be made from the central pool. The Prime Minister and other ministers, Veerappa Moily and Antony, concurred with my view and reacted positively," he informed. He said that the State was making plans to generate 2500 MW of additional power from thermal projects and 1000 MW from solar projects, in the next couple of months.
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