KCR invites industry captains to invest in TS

• Speaking at World Economic Forum, the Chief Minister asserts that India is marching forward and achieving inclusive growth
• He tells industrialists that the Telangana State government has framed a unique industrial policy to ensure that all permission will be given in a stipulated time

Beijing: Pitching hard to attract investments across the globe, the Chief Minister of Telangana K Chandrashekar Rao on Wednesday told the World Economic Forum that the Government of India was on the path of reforms and not at crossroads. “We are moving at greater speed. India is saving a lot of money on oil import.

With that we have a lot of scope to create a better infrastructure for the poor and India is marching towards inclusive growth,” he said. The Chief Minister said in India states have a major role to play. “Realising this aspect the Government of India has devolved more powers and funds to the states.

The Planning Commission is no more now and in its place an organisation called NITI Ayog consisting of all the Chief Ministers of all the states with Prime Minister as its Chairman has come into existence. We call this as Team India. With Prime Minister as Chairman and we all as members plan the development of the country as a whole and also the states’ development as well.

In a federal structure states have a major role to play. For instance, he said, “I am a recently born state and the 29th state of India.Though we are the newest and youngest state of the country, we laid down an excellent industrial Policy. We made it a law in the state legislature. We have made it as a right to the investor to get the clearances within the stipulated time of two weeks.

We have given clearances to 56 companies in the recent past to the tune of close to 2 billion US dollars investment. This speaks the mindset of India today to the world. I can certainly say that the market in India is huge consumer market and exporting market as well. So we are stable and definitely we will continue to grow.

We have a Prime Minister who is taking the country on the path of reform. He is very firm. He was quite successful as Chief Minister of Gujarat state”. The Chief Minister said ups and downs were normally seen and normally observed. “Thirty years ago there was a different China. Today the world sees a highly grown-up China. One should learn from China.

What not to be learnt from China? We can learn everything from China. We can learn everything from them. We strongly believe that we will grow and the trend is in our favour. We are the biggest oil importer and oil prices have come down now. We are happy for that and we will certainly make use of the situation and continue to grow further. This is our advantage,” KCR said.

Referring to Telangana, he said he had taken up a scheme to provide two bedroom houses for the vulnerable and disadvantaged community.

He said the government was spending a lot of money on providing drinking water and creating infrastructure in the city of Hyderabad and had laid down very good industrial policy.

He appealed to the world business community that India was a fairly good place for investment. “I welcome industrialists to come to India in general and particularly to Hyderabad and Telangana where we have a huge land bank to allot for industries,” he added.

KCR said the industrial policy of Telangana was unique which was not there anywhere in the world. “There are single window policies in the world, but the single window of Telangana, I can certainly say, is without grills.

The officers, who will delay in delivering the required permissions and allocations, will be penalised. We made it a right to the investor to get the required permissions, required allocations and required clearances within the stipulated time otherwise it can be deemed to have been given and the business house can go ahead.

I welcome the business world to come to India, invest in India and invest in Telangana and let us go together,” he said.